EntryPoint Capital LLC Takes Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

EntryPoint Capital LLC bought a new position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,820 shares of the company’s stock, valued at approximately $336,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in Chefs’ Warehouse by 303.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company’s stock worth $29,000 after acquiring an additional 446 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Chefs’ Warehouse by 24.6% in the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock worth $59,000 after purchasing an additional 237 shares during the last quarter. KBC Group NV increased its holdings in Chefs’ Warehouse by 67.1% during the 4th quarter. KBC Group NV now owns 2,100 shares of the company’s stock valued at $104,000 after purchasing an additional 843 shares during the period. iSAM Funds UK Ltd bought a new position in Chefs’ Warehouse during the 3rd quarter valued at approximately $225,000. Finally, FMR LLC lifted its holdings in Chefs’ Warehouse by 95.0% in the 3rd quarter. FMR LLC now owns 5,890 shares of the company’s stock worth $247,000 after buying an additional 2,870 shares during the period. 91.55% of the stock is currently owned by institutional investors.

Chefs’ Warehouse Stock Down 1.0 %

NASDAQ:CHEF opened at $53.07 on Thursday. 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 firm’s 50-day moving average price is $56.95 and its 200-day moving average price is $48.47. The company has a market capitalization of $2.14 billion, a PE ratio of 40.51 and a beta of 2.28. The Chefs’ Warehouse, Inc. has a 1-year low of $31.96 and a 1-year high of $66.51.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data 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%. On average, equities analysts predict that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.