Proficio Capital Partners LLC Purchases New Shares in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Proficio Capital Partners LLC acquired a new position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,935 shares of the company's stock, valued at approximately $589,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of 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 period. Smartleaf Asset Management LLC raised its position in Chefs' Warehouse by 303.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock valued at $29,000 after buying an additional 446 shares during the last quarter. Bank of New York Mellon Corp raised 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. TimesSquare Capital Management LLC bought a new stake in Chefs' Warehouse in the 4th quarter valued at approximately $19,493,000. Finally, Principal Financial Group Inc. boosted its position in Chefs' Warehouse by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 183,622 shares of the company's stock worth $9,056,000 after acquiring an additional 5,542 shares during the last quarter. 91.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CHEF has been the topic of a number of research reports. BMO Capital Markets boosted 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. UBS Group increased their price objective on shares of Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Jefferies Financial Group raised 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. Lake Street Capital upped their target price on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, Benchmark reissued a "buy" rating and issued a $68.00 price objective on shares of Chefs' Warehouse in a report on Monday, March 17th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $67.60.

Chefs' Warehouse Stock Performance

NASDAQ:CHEF traded up $0.62 on Thursday, hitting $53.69. The company's stock had a trading volume of 621,021 shares, compared to its average volume of 364,944. The Chefs' Warehouse, Inc. has a one year low of $31.96 and a one year high of $66.51. The firm has a market capitalization of $2.16 billion, a P/E ratio of 40.99 and a beta of 2.28. The stock has a fifty day moving average of $56.95 and a two-hundred day moving average of $48.47. 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 results on Wednesday, February 12th. The company reported $0.55 earnings per share 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%. Research analysts predict that The Chefs' Warehouse, Inc. will post 1.73 earnings per share 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.