Proficio Capital Partners LLC Purchases New Shares in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Proficio Capital Partners LLC purchased a new stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,935 shares of the company’s stock, valued at approximately $589,000.

Several other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its stake in Chefs’ Warehouse by 303.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company’s stock valued at $29,000 after buying an additional 446 shares during the last quarter. GAMMA Investing LLC raised its stake in Chefs’ Warehouse by 24.6% during the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock valued at $59,000 after buying an additional 237 shares during the last quarter. KBC Group NV raised its stake 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 buying an additional 843 shares during the last quarter. iSAM Funds UK Ltd purchased a new position in Chefs’ Warehouse during the third quarter valued at $225,000. Finally, FMR LLC raised its stake in Chefs’ Warehouse by 95.0% during the third quarter. FMR LLC now owns 5,890 shares of the company’s stock valued at $247,000 after buying an additional 2,870 shares during the last quarter. 91.55% of the stock is currently owned by institutional investors.

Chefs’ Warehouse Stock Up 0.8 %

CHEF stock opened at $52.52 on Monday. The Chefs’ Warehouse, Inc. has a 1-year low of $31.96 and a 1-year high of $66.51. The business has a fifty day moving average price of $56.81 and a 200-day moving average price of $48.26. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30. The stock has a market capitalization of $2.11 billion, a P/E ratio of 40.09 and a beta of 2.28.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Chefs’ Warehouse had a return on equity of 12.90% and a net margin of 1.46%. Equities analysts forecast that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.