Crestwood Advisors Group LLC Sells 5,427 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Crestwood Advisors Group LLC lessened its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 52.0% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,003 shares of the company's stock after selling 5,427 shares during the period. Crestwood Advisors Group LLC's holdings in Chefs' Warehouse were worth $272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Swiss National Bank boosted its position in shares of Chefs' Warehouse by 0.9% during the 4th quarter. Swiss National Bank now owns 70,500 shares of the company's stock valued at $3,477,000 after purchasing an additional 600 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Chefs' Warehouse during the 4th quarter valued at about $528,000. EntryPoint Capital LLC bought a new position in shares of Chefs' Warehouse during the 4th quarter valued at about $336,000. New Age Alpha Advisors LLC bought a new position in shares of Chefs' Warehouse during the 4th quarter valued at about $2,849,000. Finally, Pictet Asset Management Holding SA bought a new position in shares of Chefs' Warehouse during the 4th quarter valued at about $20,374,000. Institutional investors own 91.55% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CHEF. UBS Group raised their price objective on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. BTIG Research restated a "buy" rating on shares of Chefs' Warehouse in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $67.40.

Chefs' Warehouse Trading Up 0.5%

CHEF stock traded up $0.34 during mid-day trading on Friday, reaching $62.23. 323,385 shares of the stock traded hands, compared to its average volume of 489,685. The company has a current ratio of 2.05, a quick ratio of 1.27 and a debt-to-equity ratio of 1.26. The Chefs' Warehouse, Inc. has a 52-week low of $35.59 and a 52-week high of $68.28. The company has a market cap of $2.53 billion, a P/E ratio of 41.21 and a beta of 1.74. The stock's fifty day moving average is $63.43 and its 200-day moving average is $58.57.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $950.75 million during the quarter, compared to analyst estimates of $927.34 million. Chefs' Warehouse had a net margin of 1.65% and a return on equity of 13.15%. The firm's revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. As a group, sell-side analysts expect that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current year.

Insider Activity

In other news, CAO Tim Mccauley sold 17,500 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $65.07, for a total value of $1,138,725.00. Following the completion of the sale, the chief accounting officer directly owned 52,050 shares of the company's stock, valued at $3,386,893.50. This represents a 25.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 11.90% of the stock is owned by company insiders.

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.