395,244 Shares in The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Acquired by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC bought a new position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 395,244 shares of the company's stock, valued at approximately $19,493,000. TimesSquare Capital Management LLC owned approximately 1.00% of Chefs' Warehouse at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Chefs' Warehouse by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 183,622 shares of the company's stock valued at $9,056,000 after acquiring an additional 5,542 shares during the last quarter. Stephens Investment Management Group LLC lifted its position in Chefs' Warehouse by 1.2% during the fourth quarter. Stephens Investment Management Group LLC now owns 212,741 shares of the company's stock valued at $10,492,000 after acquiring an additional 2,507 shares during the last quarter. WCM Investment Management LLC lifted its position in Chefs' Warehouse by 92.9% during the fourth quarter. WCM Investment Management LLC now owns 354,333 shares of the company's stock valued at $17,362,000 after acquiring an additional 170,600 shares during the last quarter. KBC Group NV lifted its position in 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 acquiring an additional 843 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Chefs' Warehouse by 24.6% during the fourth 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. 91.55% of the stock is currently owned by institutional investors.

Chefs' Warehouse Price Performance

NASDAQ CHEF traded down $1.52 during trading hours on Friday, hitting $63.44. 297,839 shares of the company's stock traded hands, compared to its average volume of 494,661. 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 $2.51 billion, a PE ratio of 48.42 and a beta of 2.29. 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 50-day moving average is $53.32 and its 200-day moving average is $45.50.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its earnings results 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 net margin of 1.46% and a return on equity of 12.90%. Equities analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Insider Transactions at Chefs' Warehouse

In other news, CFO James Leddy sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $48.85, for a total value of $195,400.00. Following the transaction, the chief financial officer now directly owns 145,589 shares in the company, valued at approximately $7,112,022.65. This represents a 2.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 11.90% of the company's stock.

Analysts Set New Price Targets

CHEF has been the subject of a number of analyst reports. Benchmark increased their target price on shares of Chefs' Warehouse from $55.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Lake Street Capital raised their price target on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. UBS Group raised 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. Jefferies Financial Group raised their price target on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets raised their price target on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Chefs' Warehouse presently has a consensus 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.