Proficio Capital Partners LLC Purchases New Holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Proficio Capital Partners LLC purchased a new stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 11,935 shares of the company’s stock, valued at approximately $589,000.

A number of other large investors also recently bought and sold shares of CHEF. Principal Financial Group Inc. lifted its position in Chefs’ Warehouse by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 178,080 shares of the company’s stock valued at $7,481,000 after acquiring an additional 2,218 shares during the period. Verdence Capital Advisors LLC raised its holdings in Chefs’ Warehouse by 7.6% in the third quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company’s stock worth $284,000 after buying an additional 481 shares during the last quarter. WCM Investment Management LLC purchased a new position in Chefs’ Warehouse in the third quarter worth about $7,680,000. Victory Capital Management Inc. raised its holdings in Chefs’ Warehouse by 1.2% in the third quarter. Victory Capital Management Inc. now owns 502,415 shares of the company’s stock worth $21,106,000 after buying an additional 6,070 shares during the last quarter. Finally, Natixis Advisors LLC raised its holdings in Chefs’ Warehouse by 23.0% in the third quarter. Natixis Advisors LLC now owns 37,756 shares of the company’s stock worth $1,586,000 after buying an additional 7,068 shares during the last quarter. 91.55% of the stock is owned by hedge funds and other institutional investors.

Chefs’ Warehouse Stock Performance

Shares of CHEF stock opened at $56.68 on Monday. The company has a 50 day moving average price of $56.26 and a 200-day moving average price of $47.50. The Chefs’ Warehouse, Inc. has a 52 week low of $31.96 and a 52 week high of $66.51. The firm has a market capitalization of $2.28 billion, a PE ratio of 43.27 and a beta of 2.28. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 1.28.

Chefs’ Warehouse (NASDAQ:CHEF) last announced 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 net margin of 1.46% and a return on equity of 12.90%. As a group, equities research analysts expect that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current year.

Analysts Set New Price Targets

CHEF has been the subject of several recent analyst reports. Jefferies Financial Group lifted their target price 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. Benchmark lifted their target price on shares of Chefs’ Warehouse from $55.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Lake Street Capital lifted 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. UBS Group lifted their target price on shares of Chefs’ Warehouse from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, BMO Capital Markets lifted 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, February 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.60.

Insider Activity at Chefs’ Warehouse

In related news, CFO James Leddy sold 4,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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.