Mirae Asset Global Investments Co. Ltd. Purchases 671 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 4.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,141 shares of the company’s stock after acquiring an additional 671 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Chefs’ Warehouse were worth $475,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CHEF. Mesirow Financial Investment Management Inc. grew its position in Chefs’ Warehouse by 14.0% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 11,998 shares of the company’s stock valued at $354,000 after purchasing an additional 1,473 shares in the last quarter. Vanguard Group Inc. boosted its position in Chefs’ Warehouse by 0.6% during the third quarter. Vanguard Group Inc. now owns 2,637,296 shares of the company’s stock valued at $55,858,000 after purchasing an additional 15,970 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Chefs’ Warehouse during the third quarter valued at approximately $743,000. Schroder Investment Management Group grew its stake in Chefs’ Warehouse by 13.2% in the third quarter. Schroder Investment Management Group now owns 951,151 shares of the company’s stock valued at $20,145,000 after purchasing an additional 111,147 shares in the last quarter. Finally, Kennedy Capital Management LLC increased its position in shares of Chefs’ Warehouse by 22.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 570,584 shares of the company’s stock worth $12,085,000 after purchasing an additional 105,790 shares during the last quarter. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Chefs’ Warehouse Stock Performance

Shares of NASDAQ:CHEF opened at $33.56 on Friday. The Chefs’ Warehouse, Inc. has a 1 year low of $17.29 and a 1 year high of $39.00. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 39.02 and a beta of 2.21. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.89 and a quick ratio of 1.16. The company’s 50 day simple moving average is $35.93 and its 200 day simple moving average is $30.28.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, February 14th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Chefs’ Warehouse had a return on equity of 12.30% and a net margin of 1.01%. The firm had revenue of $950.50 million for the quarter, compared to the consensus estimate of $910.67 million. During the same quarter last year, the business posted $0.48 EPS. The company’s revenue was up 20.1% compared to the same quarter last year. As a group, research analysts predict that The Chefs’ Warehouse, Inc. will post 1.33 EPS for the current fiscal year.

Analyst Ratings Changes

CHEF has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on Chefs’ Warehouse from $35.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. UBS Group increased their target price on Chefs’ Warehouse from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Finally, Benchmark restated a “buy” rating and issued a $49.00 price target on shares of Chefs’ Warehouse in a research report on Friday, January 12th.

Chefs’ Warehouse 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.