First Eagle Investment Management LLC Grows Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

First Eagle Investment Management LLC boosted its holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 4.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 394,861 shares of the company's stock after purchasing an additional 16,000 shares during the quarter. First Eagle Investment Management LLC owned approximately 1.00% of Chefs' Warehouse worth $19,475,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Repertoire Partners LP bought a new position in Chefs' Warehouse in the 3rd quarter worth approximately $1,461,000. Bank of New York Mellon Corp boosted its position in shares of Chefs' Warehouse by 118.7% during the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company's stock valued at $25,293,000 after acquiring an additional 278,295 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Chefs' Warehouse during the 3rd quarter valued at approximately $571,000. FMR LLC boosted 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 acquiring an additional 2,870 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new position in shares of Chefs' Warehouse during the 4th quarter valued at approximately $589,000. 91.55% of the stock is currently owned by institutional investors.

Chefs' Warehouse Trading Down 0.6 %

CHEF traded down $0.34 during trading on Tuesday, reaching $52.02. The company had a trading volume of 479,723 shares, compared to its average volume of 359,815. The stock has a market cap of $2.09 billion, a P/E ratio of 39.71 and a beta of 2.28. The business has a 50 day simple moving average of $56.61 and a 200-day simple moving average of $47.98. The Chefs' Warehouse, Inc. has a 52 week low of $31.96 and a 52 week high of $66.51. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 1.28.

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Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates 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, equities analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. BMO Capital Markets increased their target price on 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 increased their target price on Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. 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 report on Thursday, February 13th. Benchmark reiterated a "buy" rating and set a $68.00 target price on shares of Chefs' Warehouse in a research report on Monday. Finally, Jefferies Financial Group raised their price target on Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.