ExodusPoint Capital Management LP Purchases 35,345 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

ExodusPoint Capital Management LP raised its position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 200.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,962 shares of the company’s stock after buying an additional 35,345 shares during the quarter. ExodusPoint Capital Management LP owned about 0.13% of Chefs’ Warehouse worth $2,612,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP lifted its position in Chefs’ Warehouse by 193.1% during the 4th quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company’s stock valued at $120,618,000 after acquiring an additional 1,611,240 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Chefs’ Warehouse by 118.7% during the fourth quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company’s stock valued at $25,293,000 after purchasing an additional 278,295 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Chefs’ Warehouse by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company’s stock valued at $22,904,000 after purchasing an additional 9,299 shares during the last quarter. Pictet Asset Management Holding SA bought a new stake in shares of Chefs’ Warehouse in the 4th quarter worth approximately $20,374,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of Chefs’ Warehouse in the 4th quarter worth approximately $19,493,000. Institutional investors own 91.55% of the company’s stock.

Analyst Ratings Changes

CHEF has been the subject of a number of recent research reports. UBS Group lifted their price objective on Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. BMO Capital Markets lifted their price target on Chefs’ Warehouse from $60.00 to $73.00 and gave the stock an “outperform” rating in a research report 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 company a “buy” rating in a research report on Wednesday, January 15th. Benchmark restated a “buy” rating and set a $68.00 price objective on shares of Chefs’ Warehouse in a research note on Monday, March 17th. Finally, Lake Street Capital upped their target price on shares of Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Chefs’ Warehouse presently has an average rating of “Moderate Buy” and an average price target of $67.60.

Chefs’ Warehouse Price Performance

Shares of NASDAQ:CHEF opened at $49.44 on Tuesday. The business has a 50-day simple moving average of $56.85 and a two-hundred day simple moving average of $49.25. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 37.74 and a beta of 1.89. The Chefs’ Warehouse, Inc. has a fifty-two week low of $31.96 and a fifty-two week high of $66.51.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. Chefs’ Warehouse had a net margin of 1.46% and a return on equity of 12.90%. On average, analysts expect that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current year.

About Chefs’ Warehouse

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.