New Age Alpha Advisors LLC Purchases Shares of 57,764 The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

New Age Alpha Advisors LLC purchased a new stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 57,764 shares of the company's stock, valued at approximately $2,849,000. New Age Alpha Advisors LLC owned about 0.15% of Chefs' Warehouse at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Repertoire Partners LP acquired a new position in shares of Chefs' Warehouse in the third quarter valued at approximately $1,461,000. Bank of New York Mellon Corp grew its position in Chefs' Warehouse by 118.7% in 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 buying an additional 278,295 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Chefs' Warehouse in the 3rd quarter valued at $571,000. FMR LLC increased its stake in Chefs' Warehouse by 95.0% in the 3rd quarter. FMR LLC now owns 5,890 shares of the company's stock valued at $247,000 after buying an additional 2,870 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in Chefs' Warehouse during the 4th quarter worth $589,000. Institutional investors and hedge funds own 91.55% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Benchmark reaffirmed a "buy" rating and issued a $68.00 target price on shares of Chefs' Warehouse in a report on Monday, March 17th. Jefferies Financial Group lifted their price objective on Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. UBS Group increased their target price on 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 raised their price target on Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Lake Street Capital upped their price objective on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Chefs' Warehouse presently has an average rating of "Moderate Buy" and a consensus price target of $67.60.

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Chefs' Warehouse Price Performance

Chefs' Warehouse stock traded down $3.25 during mid-day trading on Thursday, reaching $52.36. The company had a trading volume of 68,706 shares, compared to its average volume of 376,247. The stock's 50-day simple moving average is $57.07 and its 200-day simple moving average is $48.99. The company has a market capitalization of $2.15 billion, a P/E ratio of 39.97 and a beta of 1.89. 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 Chefs' Warehouse, Inc. has a 1 year low of $31.96 and a 1 year 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 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%. On average, equities analysts predict that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current 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.