CenterBook Partners LP Acquires New Holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

CenterBook Partners LP purchased a new position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,869 shares of the company’s stock, valued at approximately $240,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new stake in Chefs’ Warehouse in the 4th quarter worth about $2,849,000. Bank of New York Mellon Corp boosted its position in Chefs’ Warehouse by 118.7% during the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company’s stock worth $25,293,000 after purchasing an additional 278,295 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of Chefs’ Warehouse in the fourth quarter valued at about $589,000. FMR LLC grew its position in Chefs’ Warehouse by 95.0% in the third quarter. FMR LLC now owns 5,890 shares of the company’s stock valued at $247,000 after acquiring an additional 2,870 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Chefs’ Warehouse by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company’s stock worth $22,904,000 after buying an additional 9,299 shares in the last quarter. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Chefs’ Warehouse Stock Up 3.3 %

CHEF stock opened at $53.26 on Friday. The company’s 50 day simple moving average is $56.47 and its 200-day simple moving average is $49.58. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30. 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 $2.18 billion, a P/E ratio of 40.66 and a beta of 1.89.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share 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%. As a group, equities research analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CHEF. Benchmark reissued a “buy” rating and set a $68.00 price target on shares of Chefs’ Warehouse in a research report on Monday, March 17th. 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 report on Wednesday, January 15th. BMO Capital Markets lifted their target price on Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. UBS Group upped their price target on shares of Chefs’ Warehouse from $60.00 to $69.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Lake Street Capital raised their target price on Chefs’ Warehouse from $60.00 to $68.00 and gave the company a “buy” rating in a research note 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. Based on data from MarketBeat, Chefs’ Warehouse currently has a consensus rating of “Moderate Buy” and an average price target of $67.60.

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.