Kennedy Capital Management LLC Buys 151,159 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Kennedy Capital Management LLC lifted its holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 25.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 754,637 shares of the company's stock after purchasing an additional 151,159 shares during the quarter. Chefs' Warehouse accounts for approximately 0.8% of Kennedy Capital Management LLC's investment portfolio, making the stock its 5th largest position. Kennedy Capital Management LLC owned 1.91% of Chefs' Warehouse worth $37,219,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. GAMMA Investing LLC boosted its stake 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 worth $59,000 after purchasing an additional 237 shares during the period. Smartleaf Asset Management LLC lifted 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 worth $29,000 after purchasing an additional 446 shares during the last quarter. Swiss National Bank boosted its position in shares of Chefs' Warehouse by 0.9% during the fourth quarter. Swiss National Bank now owns 70,500 shares of the company's stock valued at $3,477,000 after buying an additional 600 shares during the period. KBC Group NV grew its stake in shares of Chefs' Warehouse by 67.1% during the fourth quarter. KBC Group NV now owns 2,100 shares of the company's stock valued at $104,000 after buying an additional 843 shares during the last quarter. Finally, Verition Fund Management LLC raised its holdings in shares of Chefs' Warehouse by 20.3% in the third quarter. Verition Fund Management LLC now owns 6,772 shares of the company's stock worth $284,000 after buying an additional 1,144 shares during the period. Institutional investors own 91.55% of the company's stock.

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Analysts Set New Price Targets

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

Chefs' Warehouse Stock Down 0.1 %

Shares of NASDAQ:CHEF traded down $0.04 during trading hours on Tuesday, hitting $54.37. The company's stock had a trading volume of 235,632 shares, compared to its average volume of 384,416. 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's fifty day moving average price is $56.45 and its 200 day moving average price is $49.71. The Chefs' Warehouse, Inc. has a 52 week low of $31.96 and a 52 week high of $66.51. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 41.50 and a beta of 1.89.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its earnings results 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, research analysts expect 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.