Proficio Capital Partners LLC Invests $589,000 in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

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

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Chefs' Warehouse by 24.6% during the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock worth $59,000 after purchasing an additional 237 shares in the last quarter. KBC Group NV increased its stake in Chefs' Warehouse by 67.1% during the 4th quarter. KBC Group NV now owns 2,100 shares of the company's stock worth $104,000 after buying an additional 843 shares during the period. iSAM Funds UK Ltd acquired a new stake in Chefs' Warehouse during the 3rd quarter worth approximately $225,000. FMR LLC boosted its position 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, Verdence Capital Advisors LLC grew its stake in shares of Chefs' Warehouse by 7.6% in the third quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company's stock worth $284,000 after acquiring an additional 481 shares in the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CHEF. BMO Capital Markets increased their price objective on Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Lake Street Capital upped their price target on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. UBS Group lifted their price objective on Chefs' Warehouse from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Benchmark boosted their price objective on Chefs' Warehouse from $55.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Finally, Jefferies Financial Group raised their target price on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $67.60.

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Chefs' Warehouse Stock Up 1.1 %

Chefs' Warehouse stock traded up $0.60 during midday trading on Wednesday, reaching $53.30. The company's stock had a trading volume of 406,049 shares, compared to its average volume of 525,337. The company has a market cap of $2.15 billion, a P/E ratio of 40.69 and a beta of 2.28. 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 business has a 50-day simple moving average of $56.49 and a 200-day simple moving average of $47.71. The Chefs' Warehouse, Inc. has a fifty-two week low of $31.96 and a fifty-two week high of $66.51.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, topping 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, research analysts expect that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chefs' Warehouse news, CFO James Leddy sold 4,000 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $48.85, for a total transaction of $195,400.00. Following the transaction, the chief financial officer now owns 145,589 shares of the company's stock, valued at approximately $7,112,022.65. This trade represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 11.90% of the stock is owned by corporate insiders.

Chefs' Warehouse Company 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.