Swiss National Bank Has $3.48 Million Stock Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Swiss National Bank boosted its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,500 shares of the company’s stock after purchasing an additional 600 shares during the quarter. Swiss National Bank owned about 0.18% of Chefs’ Warehouse worth $3,477,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CHEF. GAMMA Investing LLC raised its position in shares of Chefs’ Warehouse by 24.6% in the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock valued at $59,000 after buying an additional 237 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Chefs’ Warehouse by 303.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company’s stock valued at $29,000 after acquiring an additional 446 shares during the last quarter. KBC Group NV raised its position in Chefs’ Warehouse by 67.1% during the fourth quarter. KBC Group NV now owns 2,100 shares of the company’s stock valued at $104,000 after purchasing an additional 843 shares in the last quarter. Verition Fund Management LLC lifted its stake in Chefs’ Warehouse by 20.3% during the third quarter. Verition Fund Management LLC now owns 6,772 shares of the company’s stock worth $284,000 after purchasing an additional 1,144 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Chefs’ Warehouse by 3.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 76,771 shares of the company’s stock worth $3,225,000 after purchasing an additional 2,204 shares during the last quarter. Institutional investors own 91.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CHEF shares. Lake Street Capital boosted their price target on Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Benchmark reissued a “buy” rating and set a $68.00 target price on shares of Chefs’ Warehouse in a research note on Monday, March 17th. UBS Group increased their target price on shares of Chefs’ Warehouse from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their price target on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Finally, BMO Capital Markets increased their price objective on shares of Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.60.

Chefs’ Warehouse Stock Performance

NASDAQ:CHEF opened at $53.07 on Thursday. The stock’s 50-day moving average is $56.95 and its 200-day moving average is $48.47. The Chefs’ Warehouse, Inc. has a 1-year low of $31.96 and a 1-year high of $66.51. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28. The stock has a market cap of $2.14 billion, a P/E ratio of 40.51 and a beta of 2.28.

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