The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Shares Sold by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. cut its holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 35.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,849 shares of the company's stock after selling 50,322 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.23% of Chefs' Warehouse worth $4,530,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CHEF. Wellington Management Group LLP grew its position in Chefs' Warehouse by 193.1% in the 4th quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company's stock valued at $120,618,000 after buying an additional 1,611,240 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of Chefs' Warehouse in the 4th quarter worth $20,374,000. TimesSquare Capital Management LLC acquired a new stake in shares of Chefs' Warehouse in the 4th quarter worth $19,493,000. Cercano Management LLC purchased a new stake in shares of Chefs' Warehouse in the fourth quarter valued at about $18,481,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Chefs' Warehouse by 118.7% during the fourth quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company's stock worth $25,293,000 after acquiring an additional 278,295 shares during the period. 91.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CHEF has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. UBS Group raised their price target on Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Benchmark reaffirmed a "buy" rating and set a $68.00 price objective on shares of Chefs' Warehouse in a report on Monday, March 17th. Finally, Lake Street Capital increased their price objective on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of $67.40.

Chefs' Warehouse Price Performance

CHEF traded down $1.37 on Wednesday, hitting $63.94. 276,498 shares of the company were exchanged, compared to its average volume of 401,470. The Chefs' Warehouse, Inc. has a fifty-two week low of $35.59 and a fifty-two week high of $68.47. 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 capitalization of $2.60 billion, a P/E ratio of 48.81 and a beta of 1.76. The business's fifty day moving average is $55.52 and its 200 day moving average is $52.89.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.25 EPS for the quarter, topping 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 business 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 company earned $0.15 EPS. The company's quarterly revenue was up 8.7% on a year-over-year basis. As a group, sell-side analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

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.