WCM Investment Management LLC Grows Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

WCM Investment Management LLC grew its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 92.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 354,333 shares of the company's stock after buying an additional 170,600 shares during the period. WCM Investment Management LLC owned approximately 0.90% of Chefs' Warehouse worth $17,362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Repertoire Partners LP purchased a new position in Chefs' Warehouse in the 3rd quarter worth approximately $1,461,000. Dynamic Technology Lab Private Ltd purchased a new position in Chefs' Warehouse in the 3rd quarter worth approximately $571,000. FMR LLC grew its stake in Chefs' Warehouse by 95.0% in the 3rd 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. Harbor Capital Advisors Inc. grew its stake in Chefs' Warehouse by 33.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 126,232 shares of the company's stock worth $5,303,000 after buying an additional 31,968 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Chefs' Warehouse in the 3rd quarter worth approximately $1,309,000. Hedge funds and other institutional investors own 91.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research note on Thursday. Lake Street Capital boosted their price objective on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday. Benchmark boosted their price objective on shares of Chefs' Warehouse from $55.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday. Jefferies Financial Group boosted their price objective 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, UBS Group boosted their price objective on shares of Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Chefs' Warehouse has an average rating of "Moderate Buy" and a consensus target price of $67.60.

Chefs' Warehouse Trading Up 6.0 %

NASDAQ:CHEF traded up $3.57 during midday trading on Thursday, reaching $63.18. 970,181 shares of the stock traded hands, compared to its average volume of 455,492. The company has a fifty day moving average of $51.59 and a 200 day moving average of $44.63. The Chefs' Warehouse, Inc. has a 12 month low of $31.96 and a 12 month high of $63.78. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.85. The stock has a market capitalization of $2.50 billion, a P/E ratio of 55.42 and a beta of 2.29.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. Chefs' Warehouse had a net margin of 1.28% and a return on equity of 12.67%. On average, research analysts predict that The Chefs' Warehouse, Inc. will post 1.43 EPS for the current year.

Insider Activity at Chefs' Warehouse

In other Chefs' Warehouse news, General Counsel Alexandros Aldous sold 5,000 shares of the business's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the transaction, the general counsel now directly owns 114,342 shares of the company's stock, valued at approximately $5,145,390. The trade was a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO James Leddy sold 4,000 shares of the business's stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $48.85, for a total transaction 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. The trade was a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by company insiders.

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.