EntryPoint Capital LLC Acquires New Shares in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

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

Several other hedge funds also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS bought a new position in Chefs’ Warehouse in the 4th quarter worth about $528,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Chefs’ Warehouse in the fourth quarter worth about $463,000. Intech Investment Management LLC grew its stake in Chefs’ Warehouse by 32.2% during the fourth quarter. Intech Investment Management LLC now owns 11,774 shares of the company’s stock valued at $581,000 after acquiring an additional 2,869 shares in the last quarter. Natixis Advisors LLC increased its holdings in Chefs’ Warehouse by 53.0% during the 4th quarter. Natixis Advisors LLC now owns 57,750 shares of the company’s stock worth $2,848,000 after acquiring an additional 19,994 shares during the period. Finally, First Eagle Investment Management LLC lifted its stake in Chefs’ Warehouse by 4.2% in the 4th quarter. First Eagle Investment Management LLC now owns 394,861 shares of the company’s stock worth $19,475,000 after purchasing an additional 16,000 shares in the last quarter. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Chefs’ Warehouse Stock Performance

Shares of NASDAQ CHEF opened at $53.07 on Thursday. The stock’s 50-day moving average is $56.95 and its 200 day moving average is $48.47. The stock has a market cap of $2.14 billion, a price-to-earnings 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. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28.

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, sell-side analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

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.