The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 0.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,687,149 shares of the company’s stock after selling 12,167 shares during the quarter. Vanguard Group Inc. owned approximately 0.07% of Chefs’ Warehouse worth $132,530,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp boosted its position in Chefs’ Warehouse by 118.7% during the fourth quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company’s stock worth $25,293,000 after acquiring an additional 278,295 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in Chefs’ Warehouse in the 4th quarter worth approximately $589,000. FMR LLC boosted its holdings in shares of Chefs’ Warehouse by 95.0% during the 3rd quarter. FMR LLC now owns 5,890 shares of the company’s stock worth $247,000 after purchasing an additional 2,870 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of 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 purchasing an additional 446 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Chefs’ Warehouse by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company’s stock valued at $22,904,000 after purchasing an additional 9,299 shares during the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Trading Down 1.1 %

Shares of CHEF stock opened at $49.44 on Tuesday. The Chefs’ Warehouse, Inc. has a 1-year low of $31.96 and a 1-year high of $66.51. The firm has a market cap of $2.03 billion, a PE ratio of 37.74 and a beta of 1.89. The company has a 50-day moving average of $56.85 and a two-hundred day moving average of $49.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate 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, analysts predict that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current year.

Analysts Set New Price Targets

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