Trexquant Investment LP Has $1.77 Million Stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Trexquant Investment LP grew its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 26.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,933 shares of the company's stock after purchasing an additional 7,417 shares during the period. Trexquant Investment LP owned about 0.09% of Chefs' Warehouse worth $1,772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in CHEF. FMR LLC grew its position in Chefs' Warehouse by 95.0% during the third quarter. FMR LLC now owns 5,890 shares of the company's stock worth $247,000 after buying an additional 2,870 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Chefs' Warehouse by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 76,771 shares of the company's stock worth $3,225,000 after purchasing an additional 2,204 shares in the last quarter. Verition Fund Management LLC increased its position in shares of Chefs' Warehouse by 20.3% during the third quarter. Verition Fund Management LLC now owns 6,772 shares of the company's stock valued at $284,000 after purchasing an additional 1,144 shares during the period. Wellington Management Group LLP raised its stake in shares of Chefs' Warehouse by 3.1% in the third quarter. Wellington Management Group LLP now owns 834,386 shares of the company's stock valued at $35,053,000 after purchasing an additional 24,987 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Chefs' Warehouse by 1.3% in the third quarter. Principal Financial Group Inc. now owns 178,080 shares of the company's stock worth $7,481,000 after purchasing an additional 2,218 shares during the period. Institutional investors own 91.55% of the company's stock.

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Analysts Set New Price Targets

CHEF has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Lake Street Capital raised 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. UBS Group boosted their price objective on Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. BMO Capital Markets lifted their price target on Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Finally, Benchmark restated a "buy" rating and issued a $68.00 price objective on shares of Chefs' Warehouse in a research report on Monday, March 17th. 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, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.60.

Chefs' Warehouse Trading Up 0.9 %

Chefs' Warehouse stock traded up $0.48 during midday trading on Monday, hitting $53.74. 44,934 shares of the stock were exchanged, compared to its average volume of 383,053. The stock has a market capitalization of $2.20 billion, a PE ratio of 41.02 and a beta of 1.89. The company has a fifty day simple moving average of $56.47 and a two-hundred day simple moving average of $49.63. 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 Chefs' Warehouse, Inc. has a 52 week low of $31.96 and a 52 week high of $66.51.

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

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.