KLP Kapitalforvaltning AS Makes New $528,000 Investment in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

KLP Kapitalforvaltning AS acquired a new stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,700 shares of the company's stock, valued at approximately $528,000.

A number of other hedge funds also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its position in shares of Chefs' Warehouse by 303.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock valued at $29,000 after purchasing an additional 446 shares in the last quarter. GAMMA Investing LLC grew its holdings in Chefs' Warehouse by 24.6% in the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock valued at $59,000 after buying an additional 237 shares in the last quarter. KBC Group NV grew its holdings in Chefs' Warehouse by 67.1% in the 4th quarter. KBC Group NV now owns 2,100 shares of the company's stock valued at $104,000 after buying an additional 843 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Chefs' Warehouse in the 3rd quarter worth $225,000. Finally, FMR LLC raised its holdings in shares of Chefs' Warehouse by 95.0% during the 3rd quarter. FMR LLC now owns 5,890 shares of the company's stock worth $247,000 after acquiring an additional 2,870 shares during the period. Institutional investors and hedge funds own 91.55% of the company's stock.

Chefs' Warehouse Trading Down 0.7 %

NASDAQ CHEF traded down $0.36 on Tuesday, reaching $49.08. The stock had a trading volume of 513,254 shares, compared to its average volume of 380,003. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 1.28. The stock has a fifty day moving average price of $56.64 and a two-hundred day moving average price of $49.31. The Chefs' Warehouse, Inc. has a 12-month low of $31.96 and a 12-month high of $66.51. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 37.47 and a beta of 1.89.

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Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CHEF shares. BMO Capital Markets upped their price objective on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a 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. Lake Street Capital lifted their price target on shares of 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 upped their price objective on Chefs' Warehouse from $60.00 to $69.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Benchmark restated a "buy" rating and issued a $68.00 target price on shares of Chefs' Warehouse in a research report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $67.60.

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.