The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Shares Sold by Pacific Global Investment Management Co.

Pacific Global Investment Management Co. lessened its holdings in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 20.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 44,655 shares of the company's stock after selling 11,671 shares during the quarter. Chefs' Warehouse comprises approximately 3.4% of Pacific Global Investment Management Co.'s holdings, making the stock its 5th largest position. Pacific Global Investment Management Co. owned approximately 0.11% of Chefs' Warehouse worth $2,432,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. raised its holdings in Chefs' Warehouse by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 183,622 shares of the company's stock worth $9,056,000 after purchasing an additional 5,542 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Chefs' Warehouse by 118.7% during the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company's stock valued at $25,293,000 after purchasing an additional 278,295 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Chefs' Warehouse in the 4th quarter worth $589,000. Smartleaf Asset Management LLC lifted its holdings in shares of Chefs' Warehouse by 303.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock valued at $29,000 after buying an additional 446 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Chefs' Warehouse by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company's stock valued at $22,904,000 after buying an additional 9,299 shares during the period. Institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Trading Up 0.5%

Shares of Chefs' Warehouse stock traded up $0.30 during trading on Monday, hitting $63.83. The stock had a trading volume of 488,841 shares, compared to its average volume of 423,842. The Chefs' Warehouse, Inc. has a 1 year low of $35.59 and a 1 year high of $66.51. The stock has a 50 day simple moving average of $61.18 and a 200 day simple moving average of $56.59. The company has a quick ratio of 1.27, a current ratio of 2.05 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $2.60 billion, a PE ratio of 42.27 and a beta of 1.77.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its 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 13.15% and a net margin of 1.65%. The business had revenue of $950.75 million during the quarter, compared to analysts' expectations of $927.34 million. During the same quarter last year, the firm posted $0.15 earnings per share. Chefs' Warehouse's revenue was up 8.7% compared to the same quarter last year. On average, research analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CHEF. Wall Street Zen upgraded shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. BTIG Research reiterated a "buy" rating on shares of Chefs' Warehouse in a report on Friday, May 23rd. UBS Group increased their target price on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Benchmark restated a "buy" rating and issued a $68.00 price target on shares of Chefs' Warehouse in a research report on Monday, March 17th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $67.40.

About Chefs' Warehouse

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.