Charles Schwab Investment Management Inc. Has $22.90 Million Stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Charles Schwab Investment Management Inc. boosted its holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 2.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 464,391 shares of the company’s stock after purchasing an additional 9,299 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.17% of Chefs’ Warehouse worth $22,904,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of CHEF. Repertoire Partners LP acquired a new position in shares of Chefs’ Warehouse in the 3rd quarter valued at approximately $1,461,000. Bank of New York Mellon Corp raised its position in shares of Chefs’ Warehouse by 118.7% in the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company’s stock valued at $25,293,000 after buying an additional 278,295 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Chefs’ Warehouse in the 3rd quarter valued at approximately $571,000. FMR LLC raised its position in shares of Chefs’ Warehouse by 95.0% in the 3rd quarter. FMR LLC now owns 5,890 shares of the company’s stock valued at $247,000 after buying an additional 2,870 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Chefs’ Warehouse in the 4th quarter valued at approximately $589,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Stock Down 0.6 %

Chefs’ Warehouse stock opened at $52.02 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 1.28. The Chefs’ Warehouse, Inc. has a 12-month low of $31.96 and a 12-month high of $66.51. The firm’s fifty day moving average is $56.65 and its 200 day moving average is $48.05. The company has a market capitalization of $2.09 billion, a PE ratio of 39.71 and a beta of 2.28.

Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings results 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 net margin of 1.46% and a return on equity of 12.90%. As a group, sell-side analysts predict that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on CHEF. UBS Group lifted their price target on shares of Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their price target on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Benchmark reaffirmed a “buy” rating and set a $68.00 price target on shares of Chefs’ Warehouse in a report on Monday. BMO Capital Markets lifted their price target on shares of 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 lifted their price target on shares of Chefs’ Warehouse from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.