ExodusPoint Capital Management LP Boosts Stock Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

ExodusPoint Capital Management LP boosted its stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 200.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,962 shares of the company's stock after purchasing an additional 35,345 shares during the period. ExodusPoint Capital Management LP owned about 0.13% of Chefs' Warehouse worth $2,612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHEF. Smartleaf Asset Management LLC boosted its stake in shares of Chefs' Warehouse by 303.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock worth $29,000 after buying an additional 446 shares during the last quarter. GAMMA Investing LLC boosted its position in Chefs' Warehouse by 24.6% in the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock worth $59,000 after purchasing an additional 237 shares during the last quarter. KBC Group NV grew its stake 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 valued at $104,000 after purchasing an additional 843 shares during the period. iSAM Funds UK Ltd purchased a new stake in shares of Chefs' Warehouse during the 3rd quarter valued at about $225,000. Finally, FMR LLC increased its position in shares of Chefs' Warehouse by 95.0% during the 3rd quarter. FMR LLC now owns 5,890 shares of the company's stock valued at $247,000 after purchasing an additional 2,870 shares during the last quarter. Hedge funds and other institutional investors own 91.55% of the company's stock.

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Chefs' Warehouse Price Performance

Chefs' Warehouse stock traded up $1.72 during mid-day trading on Friday, hitting $53.26. The stock had a trading volume of 673,491 shares, compared to its average volume of 384,748. The Chefs' Warehouse, Inc. has a one year low of $31.96 and a one year high of $66.51. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $2.18 billion, a P/E ratio of 40.66 and a beta of 1.89. The firm's 50 day moving average is $56.47 and its 200 day moving average is $49.58.

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

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CHEF. Benchmark restated a "buy" rating and set a $68.00 target price on shares of Chefs' Warehouse in a research report on Monday, March 17th. UBS Group lifted their price target on shares of Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. BMO Capital Markets upped their price objective on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Jefferies Financial Group lifted their target price on Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Finally, Lake Street Capital upped their price target on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price 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.