Smartleaf Asset Management LLC Boosts Stock Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Smartleaf Asset Management LLC lifted its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 303.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 593 shares of the company’s stock after buying an additional 446 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Chefs’ Warehouse were worth $29,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of Chefs’ Warehouse by 24.6% in the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock valued at $59,000 after buying an additional 237 shares during the period. Verdence Capital Advisors LLC raised its holdings in shares of Chefs’ Warehouse by 7.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company’s stock valued at $284,000 after buying an additional 481 shares during the period. KBC Group NV raised its holdings in shares of Chefs’ Warehouse by 67.1% in the 4th quarter. KBC Group NV now owns 2,100 shares of the company’s stock valued at $104,000 after buying an additional 843 shares during the period. Verition Fund Management LLC increased its holdings in Chefs’ Warehouse by 20.3% during the 3rd quarter. Verition Fund Management LLC now owns 6,772 shares of the company’s stock worth $284,000 after purchasing an additional 1,144 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Chefs’ Warehouse by 3.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 76,771 shares of the company’s stock worth $3,225,000 after purchasing an additional 2,204 shares during the period. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Analyst Upgrades and Downgrades

CHEF has been the topic of several recent research reports. BMO Capital Markets upped their price target on Chefs’ Warehouse from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Benchmark upped their price target on 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 upped their price target on 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 upped their price target on 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 upped their price target on Chefs’ Warehouse from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Chefs’ Warehouse presently has an average rating of “Moderate Buy” and a consensus target price of $67.60.

Chefs’ Warehouse Trading Up 1.1 %

NASDAQ:CHEF opened at $53.30 on Thursday. The stock has a 50-day simple moving average of $56.49 and a 200-day simple moving average of $47.71. The stock has a market cap of $2.15 billion, a P/E ratio of 40.69 and a beta of 2.28. The Chefs’ Warehouse, Inc. has a 1 year low of $31.96 and a 1 year high of $66.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04.

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

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.