Natixis Advisors LLC Buys 19,994 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Natixis Advisors LLC lifted its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 53.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,750 shares of the company's stock after acquiring an additional 19,994 shares during the quarter. Natixis Advisors LLC owned approximately 0.15% of Chefs' Warehouse worth $2,848,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in 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 lifted its holdings in shares of Chefs' Warehouse by 24.6% during 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 during the last quarter. KBC Group NV grew its stake in shares of 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 position in Chefs' Warehouse in the third quarter worth approximately $225,000. Finally, FMR LLC increased its holdings in Chefs' Warehouse by 95.0% in the third quarter. FMR LLC now owns 5,890 shares of the company's stock worth $247,000 after buying an additional 2,870 shares during the last quarter. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

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

Chefs' Warehouse Stock Performance

Shares of NASDAQ CHEF traded up $0.62 during mid-day trading on Thursday, hitting $53.69. The company had a trading volume of 621,021 shares, compared to its average volume of 364,944. The business's 50-day simple moving average is $56.95 and its 200-day simple moving average is $48.47. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30. The firm has a market cap of $2.16 billion, a P/E ratio of 40.99 and a beta of 2.28. The Chefs' Warehouse, Inc. has a 12 month low of $31.96 and a 12 month high of $66.51.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter, beating 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%. As a group, analysts predict 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.