Rhumbline Advisers Grows Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Rhumbline Advisers lifted its position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 1.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,003 shares of the company’s stock after purchasing an additional 1,623 shares during the quarter. Rhumbline Advisers owned about 0.23% of Chefs’ Warehouse worth $5,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC bought a new stake in Chefs’ Warehouse during the fourth quarter worth about $2,849,000. Bank of New York Mellon Corp boosted its position in shares of Chefs’ Warehouse by 118.7% in 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. Proficio Capital Partners LLC purchased a new stake in shares of Chefs’ Warehouse in the 4th quarter worth approximately $589,000. Envestnet Asset Management Inc. bought a new stake in Chefs’ Warehouse in the fourth quarter worth $224,000. Finally, Captrust Financial Advisors boosted its holdings in Chefs’ Warehouse by 21.3% in the fourth quarter. Captrust Financial Advisors now owns 6,122 shares of the company’s stock worth $302,000 after acquiring an additional 1,077 shares in the last quarter. Institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Price Performance

Shares of CHEF opened at $62.02 on Friday. 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 1-year low of $35.59 and a 1-year high of $66.51. The firm has a market cap of $2.52 billion, a PE ratio of 47.34 and a beta of 1.77. The firm has a fifty day simple moving average of $58.94 and a two-hundred day simple moving average of $55.23.

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

Analyst Ratings Changes

Several research firms have recently issued reports on CHEF. Lake Street Capital lifted their price target on Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. BMO Capital Markets raised their price target on shares of Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. BTIG Research restated a “buy” rating on shares of Chefs’ Warehouse in a report on Friday, May 23rd. Benchmark reiterated a “buy” rating and set a $68.00 target price on shares of Chefs’ Warehouse in a research note on Monday, March 17th. Finally, UBS Group lifted their target price on Chefs’ Warehouse from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.