D. E. Shaw & Co. Inc. Trims Stock Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

D. E. Shaw & Co. Inc. cut its stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,849 shares of the company's stock after selling 50,322 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.23% of Chefs' Warehouse worth $4,530,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Deutsche Bank AG grew its position in shares of Chefs' Warehouse by 19.9% during the fourth quarter. Deutsche Bank AG now owns 58,422 shares of the company's stock worth $2,881,000 after buying an additional 9,691 shares in the last quarter. Cercano Management LLC acquired a new position in shares of Chefs' Warehouse during the fourth quarter worth about $18,481,000. Captrust Financial Advisors grew its position in shares of Chefs' Warehouse by 21.3% during the fourth quarter. Captrust Financial Advisors now owns 6,122 shares of the company's stock worth $302,000 after buying an additional 1,077 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Chefs' Warehouse by 49.0% during the fourth quarter. Ameriprise Financial Inc. now owns 423,528 shares of the company's stock worth $20,888,000 after buying an additional 139,240 shares in the last quarter. Finally, Algert Global LLC grew its position in shares of Chefs' Warehouse by 45.8% during the fourth quarter. Algert Global LLC now owns 122,683 shares of the company's stock worth $6,051,000 after buying an additional 38,541 shares in the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

Chefs' Warehouse Stock Up 0.6%

CHEF stock traded up $0.36 during trading on Friday, hitting $62.13. 437,412 shares of the company's stock were exchanged, compared to its average volume of 404,603. The business has a 50-day moving average price of $56.14 and a two-hundred day moving average price of $53.26. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 47.43 and a beta of 1.76. The Chefs' Warehouse, Inc. has a 52-week low of $35.59 and a 52-week high of $66.51. 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 issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 earnings per share for the quarter, beating 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 business earned $0.15 earnings per share. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Analyst Ratings Changes

CHEF has been the subject of a number of analyst reports. BMO Capital Markets boosted their price objective on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Lake Street Capital boosted their target price 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 target price on shares of Chefs' Warehouse in a research note on Monday, March 17th. Finally, UBS Group boosted their target price on Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average 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.