MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Acquires 755 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,905 shares of the company’s stock after buying an additional 755 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.05% of Chefs’ Warehouse worth $982,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Greenhouse Funds LLLP grew its position in Chefs’ Warehouse by 3.3% in the fourth quarter. Greenhouse Funds LLLP now owns 2,452,981 shares of the company’s stock worth $120,981,000 after acquiring an additional 77,894 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Chefs’ Warehouse by 193.1% in the 4th quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company’s stock worth $120,618,000 after purchasing an additional 1,611,240 shares during the period. Kennedy Capital Management LLC boosted its holdings in shares of Chefs’ Warehouse by 25.0% in the 4th quarter. Kennedy Capital Management LLC now owns 754,637 shares of the company’s stock worth $37,219,000 after purchasing an additional 151,159 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 valued at $25,293,000 after purchasing an additional 278,295 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Chefs’ Warehouse by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company’s stock valued at $22,904,000 after buying an additional 9,299 shares during the period. 91.55% of the stock is currently owned by institutional investors.

Chefs’ Warehouse Trading Up 0.6%

NASDAQ CHEF opened at $62.13 on Monday. The stock has a market cap of $2.53 billion, a PE ratio of 47.43 and a beta of 1.76. The Chefs’ Warehouse, Inc. has a 12 month low of $35.59 and a 12 month high of $66.51. The company’s 50-day moving average price is $56.14 and its 200-day moving average price is $53.41. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28.

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

Analyst Ratings Changes

Several research firms have commented on CHEF. Lake Street Capital lifted their price objective 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. 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. BMO Capital Markets increased their price objective on shares of Chefs’ Warehouse from $60.00 to $73.00 and gave the stock an “outperform” rating in a research report on Thursday, February 13th. Finally, UBS Group raised their price objective on shares of Chefs’ Warehouse from $67.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Chefs’ Warehouse has an average rating of “Buy” and a consensus target price of $67.40.

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.