Harvest Fund Management Co. Ltd Buys New Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Harvest Fund Management Co. Ltd acquired a new stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 9,391 shares of the company's stock, valued at approximately $463,000.

Several other large investors have also made changes to their positions in the business. Wellington Management Group LLP raised its position in Chefs' Warehouse by 3.1% during the third quarter. Wellington Management Group LLP now owns 834,386 shares of the company's stock worth $35,053,000 after acquiring an additional 24,987 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Chefs' Warehouse by 118.7% in the fourth quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company's stock worth $25,293,000 after acquiring an additional 278,295 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Chefs' Warehouse by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company's stock valued at $22,904,000 after purchasing an additional 9,299 shares during the last quarter. TimesSquare Capital Management LLC acquired a new stake in Chefs' Warehouse during the 4th quarter worth $19,493,000. Finally, First Eagle Investment Management LLC grew its holdings in shares of Chefs' Warehouse by 4.2% during the fourth quarter. First Eagle Investment Management LLC now owns 394,861 shares of the company's stock worth $19,475,000 after buying an additional 16,000 shares in the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Chefs' Warehouse Trading Down 1.0 %

CHEF traded down $0.51 during mid-day trading on Wednesday, hitting $53.07. 250,339 shares of the stock were exchanged, compared to its average volume of 363,377. The firm's fifty day moving average is $56.94 and its two-hundred day moving average is $48.44. The Chefs' Warehouse, Inc. has a 1-year low of $31.96 and a 1-year high of $66.51. The company has a market cap of $2.14 billion, a PE ratio of 40.51 and a beta of 2.28. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28.

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

Chefs' Warehouse 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.