Barclays PLC Reduces Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Barclays PLC reduced its stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 15.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,212 shares of the company's stock after selling 14,788 shares during the quarter. Barclays PLC owned about 0.21% of Chefs' Warehouse worth $4,054,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its position in shares of Chefs' Warehouse by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 178,080 shares of the company's stock valued at $7,481,000 after purchasing an additional 2,218 shares during the last quarter. GAMMA Investing LLC increased its position in Chefs' Warehouse by 24.6% during the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock valued at $59,000 after acquiring an additional 237 shares during the last quarter. KBC Group NV raised its stake in shares of Chefs' Warehouse by 67.1% in 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. WCM Investment Management LLC raised its stake in shares of Chefs' Warehouse by 92.9% in the fourth quarter. WCM Investment Management LLC now owns 354,333 shares of the company's stock valued at $17,362,000 after acquiring an additional 170,600 shares during the period. Finally, Stephens Investment Management Group LLC lifted its holdings in shares of Chefs' Warehouse by 1.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 212,741 shares of the company's stock worth $10,492,000 after acquiring an additional 2,507 shares during the last quarter. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Chefs' Warehouse Stock Up 2.7 %

Shares of CHEF traded up $1.57 during mid-day trading on Friday, hitting $59.20. The company's stock had a trading volume of 150,127 shares, compared to its average volume of 508,745. The Chefs' Warehouse, Inc. has a 52-week low of $35.59 and a 52-week high of $66.51. The company's 50-day moving average is $54.54 and its 200-day moving average is $50.82. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 45.21 and a beta of 1.89. 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 - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. Chefs' Warehouse had a return on equity of 12.90% and a net margin of 1.46%. The company had revenue of $950.75 million for the quarter, compared to analyst estimates of $927.34 million. During the same quarter in the previous year, the firm earned $0.15 earnings per share. The firm's quarterly revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on CHEF shares. UBS Group raised their price objective on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday. Lake Street Capital raised their price target on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Benchmark restated a "buy" rating and set a $68.00 price objective on shares of Chefs' Warehouse in a report on Monday, March 17th. BMO Capital Markets lifted their target price on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, Jefferies Financial Group upped their price target on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. One 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 presently has a consensus rating of "Moderate Buy" and an average target price of $67.40.

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.