MetLife Investment Management LLC Has $1.05 Million Stock Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

MetLife Investment Management LLC grew its holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 5.4% during the 4th quarter, Holdings Channel reports. The firm owned 21,332 shares of the company’s stock after purchasing an additional 1,101 shares during the period. MetLife Investment Management LLC’s holdings in Chefs’ Warehouse were worth $1,052,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP lifted its holdings in Chefs’ Warehouse by 193.1% in the fourth quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company’s stock valued at $120,618,000 after buying an additional 1,611,240 shares during the period. Pictet Asset Management Holding SA bought a new position in shares of Chefs’ Warehouse in the 4th quarter worth $20,374,000. TimesSquare Capital Management LLC acquired a new stake in shares of Chefs’ Warehouse during the fourth quarter worth $19,493,000. Bank of New York Mellon Corp increased its holdings in Chefs’ Warehouse by 118.7% in 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 during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Chefs’ Warehouse in the fourth quarter valued at about $11,010,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Trading Up 1.2 %

Shares of NASDAQ:CHEF opened at $57.63 on Friday. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 43.99 and a beta of 1.89. 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 $35.44 and a 12 month high of $66.51. The company’s fifty day simple moving average is $54.54 and its 200 day simple moving average is $50.82.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. Chefs’ Warehouse had a return on equity of 12.90% and a net margin of 1.46%. The company had revenue of $950.75 million during the quarter, compared to analysts’ expectations of $927.34 million. During the same period in the prior year, the firm earned $0.15 earnings per share. Chefs’ Warehouse’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, research analysts forecast that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analyst Ratings Changes

CHEF has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their price target on Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Benchmark reiterated a “buy” rating and issued a $68.00 target price on shares of Chefs’ Warehouse in a report on Monday, March 17th. BMO Capital Markets boosted 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. Lake Street Capital raised their price objective on Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, UBS Group boosted their target price on Chefs’ Warehouse from $67.00 to $68.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $67.40.

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.