EntryPoint Capital LLC Makes New Investment in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

EntryPoint Capital LLC bought a new stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 6,820 shares of the company's stock, valued at approximately $336,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CHEF. GAMMA Investing LLC boosted its holdings in Chefs' Warehouse by 24.6% in the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock valued at $59,000 after acquiring an additional 237 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Chefs' Warehouse by 303.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock valued at $29,000 after purchasing an additional 446 shares during the period. Swiss National Bank boosted its stake in shares of Chefs' Warehouse by 0.9% in the 4th quarter. Swiss National Bank now owns 70,500 shares of the company's stock valued at $3,477,000 after purchasing an additional 600 shares during the last quarter. KBC Group NV grew its position in shares of Chefs' Warehouse by 67.1% during the 4th quarter. KBC Group NV now owns 2,100 shares of the company's stock worth $104,000 after buying an additional 843 shares during the period. Finally, Verition Fund Management LLC lifted its holdings in Chefs' Warehouse by 20.3% in the third quarter. Verition Fund Management LLC now owns 6,772 shares of the company's stock valued at $284,000 after buying an additional 1,144 shares during the period. 91.55% of the stock is owned by institutional investors and hedge funds.

Chefs' Warehouse Stock Up 1.9 %

CHEF stock traded up $0.99 during mid-day trading on Monday, hitting $54.46. 352,100 shares of the company were exchanged, compared to its average volume of 375,895. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04. The Chefs' Warehouse, Inc. has a 1-year low of $31.96 and a 1-year high of $66.51. The firm's 50 day simple moving average is $57.01 and its 200 day simple moving average is $48.84. The firm has a market cap of $2.19 billion, a P/E ratio of 41.57 and a beta of 2.28.

Remove Ads

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. Chefs' Warehouse had a net margin of 1.46% and a return on equity of 12.90%. On average, sell-side analysts predict that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on CHEF. UBS Group increased their target price on Chefs' Warehouse from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. BMO Capital Markets increased their price target on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a research report on Thursday, February 13th. Lake Street Capital lifted their price objective on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Benchmark reaffirmed a "buy" rating and issued a $68.00 target price on shares of Chefs' Warehouse in a research note on Monday, March 17th. Finally, Jefferies Financial Group lifted their price target on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.60.

Chefs' Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company's product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.