CenterBook Partners LP Invests $240,000 in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

CenterBook Partners LP bought a new position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,869 shares of the company’s stock, valued at approximately $240,000.

Several other large investors have also made changes to their positions in the business. Wellington Management Group LLP lifted its stake in shares of 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. Bank of New York Mellon Corp increased its position in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Chefs’ Warehouse by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company’s stock valued at $22,904,000 after acquiring an additional 9,299 shares during the last quarter. Pictet Asset Management Holding SA acquired a new position in Chefs’ Warehouse in the fourth quarter worth $20,374,000. Finally, TimesSquare Capital Management LLC acquired a new position in Chefs’ Warehouse during the 4th quarter worth about $19,493,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Stock Up 3.3 %

Chefs’ Warehouse stock opened at $53.26 on Friday. The Chefs’ Warehouse, Inc. has a fifty-two week low of $31.96 and a fifty-two week high of $66.51. The firm has a market capitalization of $2.18 billion, a PE ratio of 40.66 and a beta of 1.89. The company’s 50-day moving average is $56.47 and its 200-day 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.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, topping 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%. Sell-side analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current year.

Analyst Ratings Changes

CHEF has been the topic of a number of recent research reports. UBS Group increased 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. BMO Capital Markets increased their target price on shares of Chefs’ Warehouse from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their price objective on Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. 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. Finally, Benchmark reaffirmed a “buy” rating and set a $68.00 price target on shares of Chefs’ Warehouse in a research note on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Chefs’ Warehouse currently has an average rating of “Moderate Buy” and a consensus 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.