The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Shares Bought by Greenhouse Funds LLLP

Greenhouse Funds LLLP raised its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,452,981 shares of the company’s stock after purchasing an additional 77,894 shares during the quarter. Chefs’ Warehouse makes up approximately 5.0% of Greenhouse Funds LLLP’s holdings, making the stock its 2nd biggest position. Greenhouse Funds LLLP owned about 6.20% of Chefs’ Warehouse worth $120,981,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of Chefs’ Warehouse by 1.3% during the 3rd 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. GAMMA Investing LLC increased its stake in Chefs’ Warehouse by 24.6% in the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock valued at $59,000 after purchasing an additional 237 shares in the last quarter. KBC Group NV increased its stake in 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 purchasing an additional 843 shares in the last quarter. WCM Investment Management LLC raised its stake in shares of Chefs’ Warehouse by 92.9% in the 4th quarter. WCM Investment Management LLC now owns 354,333 shares of the company’s stock valued at $17,362,000 after purchasing an additional 170,600 shares during the period. Finally, Stephens Investment Management Group LLC increased its position in shares of Chefs’ Warehouse by 1.2% in 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. 91.55% of the stock is currently owned by institutional investors.

Chefs’ Warehouse Stock Performance

NASDAQ:CHEF opened at $52.49 on Tuesday. The stock has a market capitalization of $2.15 billion, a P/E ratio of 40.07 and a beta of 1.89. The stock has a 50-day moving average price of $56.21 and a 200 day moving average price of $50.14. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28. The Chefs’ Warehouse, Inc. has a 12-month low of $32.16 and a 12-month high of $66.51.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter, beating 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 forecast that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have commented on CHEF shares. Benchmark reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Chefs’ Warehouse in a report on Monday, March 17th. UBS Group increased their price target on Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Jefferies Financial Group increased their price objective on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets upped their target price on Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. Finally, Lake Street Capital upped their price target on Chefs’ Warehouse from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $67.60.

Chefs’ Warehouse 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.