Wasatch Advisors LP Boosts Stock Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Wasatch Advisors LP grew its holdings in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 32.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 303,556 shares of the company's stock after acquiring an additional 73,670 shares during the period. Wasatch Advisors LP owned 0.77% of Chefs' Warehouse worth $14,971,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC grew its stake in Chefs' Warehouse by 303.4% during 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 period. GAMMA Investing LLC boosted its holdings 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 buying an additional 237 shares in the last quarter. KBC Group NV grew its position in shares of 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. Envestnet Asset Management Inc. bought a new stake in shares of Chefs' Warehouse in the 4th quarter valued at $224,000. Finally, Townsquare Capital LLC bought a new stake in shares of Chefs' Warehouse in the 4th quarter valued at $231,000. 91.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Benchmark restated a "buy" rating and set a $68.00 price objective on shares of Chefs' Warehouse in a report on Monday, March 17th. UBS Group lifted their price objective on shares of Chefs' Warehouse from $60.00 to $69.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Lake Street Capital upped their target price 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. Jefferies Financial Group lifted their price target on Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, BMO Capital Markets lifted their target price on Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a research 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's stock. According to data from MarketBeat.com, Chefs' Warehouse presently has an average rating of "Moderate Buy" and an average price target of $67.60.

Chefs' Warehouse Price Performance

NASDAQ:CHEF traded up $0.74 during midday trading on Friday, hitting $53.70. The company had a trading volume of 402,020 shares, compared to its average volume of 388,135. The company has a market capitalization of $2.20 billion, a PE ratio of 40.99 and a beta of 1.89. 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 $32.16 and a 52-week high of $66.51. The stock's fifty day moving average price is $56.35 and its 200-day moving average price is $49.99.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 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 earnings per share for the current 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.