New Age Alpha Advisors LLC Buys New Holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

New Age Alpha Advisors LLC purchased a new position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 57,764 shares of the company’s stock, valued at approximately $2,849,000. New Age Alpha Advisors LLC owned approximately 0.15% of Chefs’ Warehouse at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Chefs’ Warehouse by 24.6% in the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock valued at $59,000 after purchasing an additional 237 shares during the period. Smartleaf Asset Management LLC grew its position in Chefs’ Warehouse by 303.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company’s stock valued at $29,000 after acquiring an additional 446 shares during the period. Swiss National Bank raised its stake in Chefs’ Warehouse by 0.9% during the fourth quarter. Swiss National Bank now owns 70,500 shares of the company’s stock worth $3,477,000 after acquiring an additional 600 shares in the last quarter. KBC Group NV lifted its holdings in shares of 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 acquiring an additional 843 shares during the period. Finally, Verition Fund Management LLC boosted its stake in shares of Chefs’ Warehouse by 20.3% in the 3rd quarter. Verition Fund Management LLC now owns 6,772 shares of the company’s stock valued at $284,000 after purchasing an additional 1,144 shares in the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Stock Down 0.4 %

Shares of NASDAQ CHEF opened at $53.47 on Friday. The Chefs’ Warehouse, Inc. has a 1 year low of $31.96 and a 1 year high of $66.51. The firm’s 50-day moving average is $56.98 and its 200-day moving average is $48.67. 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 firm has a market capitalization of $2.15 billion, a PE ratio of 40.82 and a beta of 2.28.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter, beating 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%. Equities analysts expect that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. BMO Capital Markets increased 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 issued a $68.00 target price on shares of Chefs’ Warehouse in a research note on Monday, March 17th. UBS Group increased their price target on Chefs’ Warehouse from $60.00 to $69.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Lake Street Capital raised their price target on Chefs’ Warehouse from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Jefferies Financial Group boosted their price objective 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 equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $67.60.

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.