The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its holdings in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 6,863.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,705 shares of the company’s stock after acquiring an additional 82,503 shares during the period. GAMMA Investing LLC owned about 0.20% of Chefs’ Warehouse worth $4,559,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of CHEF. Smartleaf Asset Management LLC lifted its position in shares of Chefs’ Warehouse by 303.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company’s stock worth $29,000 after purchasing an additional 446 shares during the last quarter. Hsbc Holdings PLC bought a new position in shares of Chefs’ Warehouse during the fourth quarter worth about $201,000. Envestnet Asset Management Inc. bought a new position in shares of Chefs’ Warehouse during the fourth quarter worth about $224,000. Townsquare Capital LLC bought a new position in shares of Chefs’ Warehouse during the fourth quarter worth about $231,000. Finally, CenterBook Partners LP bought a new position in shares of Chefs’ Warehouse during the fourth quarter worth about $240,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on CHEF shares. Lake Street Capital raised their target price on shares of Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Wall Street Zen cut shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group raised their target price on shares of Chefs’ Warehouse from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. BTIG Research reissued a “buy” rating on shares of Chefs’ Warehouse in a report on Friday, May 23rd. Finally, BMO Capital Markets raised 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. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Chefs’ Warehouse currently has an average rating of “Moderate Buy” and an average price target of $67.40.

Chefs’ Warehouse Stock Performance

CHEF opened at $62.66 on Wednesday. The business’s 50 day moving average is $58.46 and its 200-day moving average is $55.06. The stock has a market cap of $2.55 billion, a PE ratio of 47.83 and a beta of 1.77. 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 Chefs’ Warehouse, Inc. has a twelve month low of $35.59 and a twelve month high of $66.51.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The company had revenue of $950.75 million for the quarter, compared to analysts’ expectations of $927.34 million. Chefs’ Warehouse had a return on equity of 12.90% and a net margin of 1.46%. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.15 earnings per share. On average, analysts predict that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current year.

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.