ExodusPoint Capital Management LP Grows Stock Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

ExodusPoint Capital Management LP lifted its holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 200.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 52,962 shares of the company’s stock after buying an additional 35,345 shares during the period. ExodusPoint Capital Management LP’s holdings in Chefs’ Warehouse were worth $2,612,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP raised its position 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 worth $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% in 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 in the last quarter. Charles Schwab Investment Management Inc. raised 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 purchasing an additional 9,299 shares during the period. Pictet Asset Management Holding SA purchased a new position in Chefs’ Warehouse during the fourth quarter valued at $20,374,000. Finally, TimesSquare Capital Management LLC bought a new stake in Chefs’ Warehouse during the fourth quarter valued at about $19,493,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on CHEF shares. 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 report on Thursday, February 13th. Lake Street Capital upped their price target on shares of Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. BMO Capital Markets raised their price objective on shares of Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Jefferies Financial Group upped their target price 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. Finally, Benchmark reiterated a “buy” rating and issued a $68.00 price target on shares of Chefs’ Warehouse in a research note on Monday, March 17th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chefs’ Warehouse presently has a consensus rating of “Moderate Buy” and an average target price of $67.60.

Chefs’ Warehouse Price Performance

CHEF stock opened at $49.44 on Tuesday. The company has a market capitalization of $2.03 billion, a PE ratio of 37.74 and a beta of 1.89. The company’s fifty day moving average price is $56.85 and its 200-day moving average price is $49.25. The Chefs’ Warehouse, Inc. has a one year low of $31.96 and a one 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 EPS 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, equities analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal 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.