Intech Investment Management LLC Has $581,000 Stock Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Intech Investment Management LLC raised its holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 32.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,774 shares of the company’s stock after purchasing an additional 2,869 shares during the quarter. Intech Investment Management LLC’s holdings in Chefs’ Warehouse were worth $581,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Natixis Advisors LLC boosted its stake in Chefs’ Warehouse by 23.0% in the third quarter. Natixis Advisors LLC now owns 37,756 shares of the company’s stock valued at $1,586,000 after buying an additional 7,068 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Chefs’ Warehouse by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 455,092 shares of the company’s stock valued at $19,118,000 after purchasing an additional 3,739 shares in the last quarter. Algert Global LLC grew its holdings in shares of Chefs’ Warehouse by 30.6% during the 3rd quarter. Algert Global LLC now owns 84,142 shares of the company’s stock valued at $3,535,000 after purchasing an additional 19,730 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Chefs’ Warehouse during the 3rd quarter worth approximately $571,000. Finally, FMR LLC lifted its stake in Chefs’ Warehouse by 95.0% in the 3rd quarter. FMR LLC now owns 5,890 shares of the company’s stock valued at $247,000 after purchasing an additional 2,870 shares during the last quarter. Institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Price Performance

Chefs’ Warehouse stock opened at $54.51 on Tuesday. The firm has a market cap of $2.20 billion, a P/E ratio of 41.61 and a beta of 2.28. The stock’s 50 day moving average is $56.90 and its 200 day moving average is $48.35. 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 Chefs’ Warehouse, Inc. has a one year low of $31.96 and a one year high of $66.51.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) 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%. As a group, research analysts expect that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Lake Street Capital upped their price target 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. Jefferies Financial Group increased their target price on Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets boosted their price target on Chefs’ Warehouse from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. UBS Group raised their price objective on shares of Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, Benchmark reissued a “buy” rating and set a $68.00 target price on shares of Chefs’ Warehouse in a report on Monday, March 17th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price 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.