Wasatch Advisors LP Purchases 61,250 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Wasatch Advisors LP increased its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 20.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 367,235 shares of the company’s stock after buying an additional 61,250 shares during the period. Wasatch Advisors LP’s holdings in Chefs’ Warehouse were worth $10,808,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Scout Investments Inc. bought a new position in shares of Chefs’ Warehouse during the 4th quarter worth about $6,715,000. Schroder Investment Management Group increased its holdings in shares of Chefs’ Warehouse by 6.3% during the 4th quarter. Schroder Investment Management Group now owns 1,011,305 shares of the company’s stock worth $29,763,000 after purchasing an additional 60,154 shares during the period. Stephens Investment Management Group LLC increased its holdings in shares of Chefs’ Warehouse by 17.0% during the 4th quarter. Stephens Investment Management Group LLC now owns 1,046,940 shares of the company’s stock worth $30,811,000 after purchasing an additional 151,846 shares during the period. Boussard & Gavaudan Investment Management LLP increased its holdings in shares of Chefs’ Warehouse by 19.4% during the 4th quarter. Boussard & Gavaudan Investment Management LLP now owns 37,093 shares of the company’s stock worth $1,097,000 after purchasing an additional 6,019 shares during the period. Finally, Aigen Investment Management LP bought a new position in shares of Chefs’ Warehouse during the 4th quarter worth about $563,000. Institutional investors own 91.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and set a $50.00 target price on shares of Chefs’ Warehouse in a research report on Thursday, May 2nd. BMO Capital Markets lifted their target price on shares of Chefs’ Warehouse from $35.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. UBS Group lifted their target price on shares of Chefs’ Warehouse from $36.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, February 15th. Finally, StockNews.com upgraded shares of Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd.

Chefs’ Warehouse Price Performance

NASDAQ:CHEF traded down $0.11 on Tuesday, reaching $38.65. The stock had a trading volume of 8,499 shares, compared to its average volume of 338,367. The company has a market capitalization of $1.54 billion, a P/E ratio of 44.55 and a beta of 2.30. The Chefs’ Warehouse, Inc. has a 1-year low of $17.29 and a 1-year high of $39.77. The company has a quick ratio of 1.17, a current ratio of 1.92 and a debt-to-equity ratio of 1.49. The stock has a fifty day moving average price of $36.42 and a 200-day moving average price of $33.86.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, May 1st. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $874.50 million for the quarter, compared to analyst estimates of $833.25 million. Chefs’ Warehouse had a net margin of 0.98% and a return on equity of 12.30%. The company’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.12 earnings per share. Research analysts forecast that The Chefs’ Warehouse, Inc. will post 1.37 EPS 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.