Dimensional Fund Advisors LP Decreases Stock Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Dimensional Fund Advisors LP reduced its position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 3.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,209,615 shares of the company's stock after selling 38,507 shares during the quarter. Dimensional Fund Advisors LP owned about 3.06% of Chefs' Warehouse worth $59,658,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Chefs' Warehouse by 303.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock valued at $29,000 after buying an additional 446 shares during the period. GAMMA Investing LLC lifted its holdings in Chefs' Warehouse by 24.6% in 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 period. KBC Group NV boosted its position in shares of Chefs' Warehouse by 67.1% during the 4th quarter. KBC Group NV now owns 2,100 shares of the company's stock worth $104,000 after purchasing an additional 843 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Chefs' Warehouse in the 4th quarter valued at about $224,000. Finally, Townsquare Capital LLC acquired a new stake in shares of Chefs' Warehouse in the fourth quarter valued at about $231,000. Hedge funds and other institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Trading Up 1.4 %

NASDAQ:CHEF traded up $0.81 during mid-day trading on Monday, reaching $60.75. The company's stock had a trading volume of 656,408 shares, compared to its average volume of 393,625. The Chefs' Warehouse, Inc. has a twelve month low of $35.59 and a twelve month high of $66.51. The company's fifty day simple moving average is $54.47 and its two-hundred day simple moving average is $51.08. 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 stock has a market cap of $2.47 billion, a P/E ratio of 46.37 and a beta of 1.76.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.04. The firm had revenue of $950.75 million during the quarter, compared to the consensus estimate of $927.34 million. Chefs' Warehouse had a net margin of 1.46% and a return on equity of 12.90%. Chefs' Warehouse's revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. On average, equities analysts predict that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Wall Street Analyst Weigh In

CHEF has been the subject of a number of research reports. Lake Street Capital lifted their price target 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. Jefferies Financial Group boosted their target price on Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Benchmark reaffirmed a "buy" rating and set a $68.00 price target on shares of Chefs' Warehouse in a research note on Monday, March 17th. BMO Capital Markets increased their price objective 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 upped their price target on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a report on Thursday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Chefs' Warehouse currently has an average rating of "Buy" and an average target price of $67.40.

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.