BNP Paribas Financial Markets Has $341,000 Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

BNP Paribas Financial Markets reduced its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 64.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,904 shares of the company's stock after selling 12,363 shares during the period. BNP Paribas Financial Markets' holdings in Chefs' Warehouse were worth $341,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Smartleaf Asset Management LLC raised its stake in Chefs' Warehouse by 303.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock worth $29,000 after buying an additional 446 shares during the period. KBC Group NV raised its stake in 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 buying an additional 843 shares during the period. Hsbc Holdings PLC acquired a new stake in Chefs' Warehouse during the 4th quarter worth $201,000. Envestnet Asset Management Inc. acquired a new stake in Chefs' Warehouse during the 4th quarter worth $224,000. Finally, Townsquare Capital LLC acquired a new stake in Chefs' Warehouse during the 4th quarter worth $231,000. 91.55% of the stock is currently owned by institutional investors.

Chefs' Warehouse Stock Performance

Chefs' Warehouse stock traded down $0.07 during midday trading on Friday, reaching $64.06. 476,176 shares of the company's stock were exchanged, compared to its average volume of 407,308. The Chefs' Warehouse, Inc. has a 52 week low of $35.59 and a 52 week high of $66.51. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 48.90 and a beta of 1.76. The stock's 50-day simple moving average is $57.20 and its 200 day simple moving average is $54.07.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $927.34 million. During the same quarter in the previous year, the company posted $0.15 earnings per share. The business's revenue was up 8.7% on a year-over-year basis. On average, analysts expect that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on CHEF. BTIG Research reaffirmed a "buy" rating on shares of Chefs' Warehouse in a research note on Friday, May 23rd. BMO Capital Markets lifted their price target on Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. UBS Group lifted their price target on Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Lake Street Capital lifted their price target on Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Finally, Benchmark reissued a "buy" rating and issued a $68.00 price target on shares of Chefs' Warehouse in a research note on Monday, March 17th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $67.40.

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.