Millennium Management LLC cut its stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 61.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,875 shares of the company's stock after selling 102,141 shares during the period. Millennium Management LLC owned about 0.16% of Chefs' Warehouse worth $3,150,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Chefs' Warehouse by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,905 shares of the company's stock valued at $982,000 after acquiring an additional 755 shares in the last quarter. Expect Equity LLC bought a new stake in Chefs' Warehouse during the fourth quarter worth approximately $1,431,000. Deutsche Bank AG increased its stake in 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 acquiring an additional 9,691 shares during the last quarter. Cercano Management LLC bought a new position in shares of Chefs' Warehouse during the fourth quarter valued at approximately $18,481,000. Finally, Captrust Financial Advisors grew its stake 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 valued at $302,000 after buying an additional 1,077 shares during the last quarter. 91.55% of the stock is currently owned by hedge funds and other institutional investors.
Chefs' Warehouse Trading Down 0.1%
NASDAQ:CHEF traded down $0.05 during midday trading on Wednesday, hitting $61.88. The stock had a trading volume of 526,176 shares, compared to its average volume of 410,752. The Chefs' Warehouse, Inc. has a one year low of $35.59 and a one year high of $66.51. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 47.24 and a beta of 1.76. The stock has a 50-day moving average of $57.76 and a 200 day moving average of $54.43. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 1.28.
Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.04. The business had revenue of $950.75 million for the quarter, compared to analysts' expectations of $927.34 million. Chefs' Warehouse had a return on equity of 12.90% and a net margin of 1.46%. The business's revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 EPS. As a group, sell-side analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on the company. Lake Street Capital upped their target price on Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. UBS Group upped their target price on Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Benchmark reaffirmed a "buy" rating and set a $68.00 target price on shares of Chefs' Warehouse in a research note on Monday, March 17th. BMO Capital Markets upped their target price on Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Finally, BTIG Research reaffirmed a "buy" rating on shares of Chefs' Warehouse in a research note on Friday, May 23rd. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Chefs' Warehouse has a consensus rating of "Buy" and an average price target of $67.40.
Get Our Latest Research Report on Chefs' Warehouse
Chefs' Warehouse Company Profile
(
Free Report)
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.
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