Greenhouse Funds LLLP Has $120.98 Million Stock Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Greenhouse Funds LLLP lifted its holdings in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,452,981 shares of the company's stock after purchasing an additional 77,894 shares during the period. Chefs' Warehouse comprises about 5.0% of Greenhouse Funds LLLP's investment portfolio, making the stock its 2nd biggest position. Greenhouse Funds LLLP owned 6.20% of Chefs' Warehouse worth $120,981,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its position in Chefs' Warehouse by 303.4% during the fourth 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 period. GAMMA Investing LLC lifted its stake in shares of Chefs' Warehouse by 24.6% in the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock valued at $59,000 after acquiring an additional 237 shares during the last quarter. KBC Group NV lifted 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 acquiring an additional 843 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Chefs' Warehouse during the 4th quarter valued at about $201,000. Finally, Envestnet Asset Management Inc. bought a new position in Chefs' Warehouse during the 4th quarter worth approximately $224,000. Hedge funds and other institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Trading Up 0.7 %

CHEF stock traded up $0.38 on Friday, reaching $53.11. The company's stock had a trading volume of 427,320 shares, compared to its average volume of 391,214. The firm has a market cap of $2.18 billion, a PE ratio of 40.54 and a beta of 1.89. The business has a fifty day simple moving average of $55.28 and a two-hundred day simple moving average of $50.39. The Chefs' Warehouse, Inc. has a 12-month low of $32.83 and a 12-month high of $66.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Chefs' Warehouse had a net margin of 1.46% and a return on equity of 12.90%. As a group, research analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Wall Street Analyst Weigh In

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

About Chefs' Warehouse

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.