Pacific Global Investment Management Co. Sells 11,671 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Pacific Global Investment Management Co. decreased its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 20.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,655 shares of the company's stock after selling 11,671 shares during the period. Chefs' Warehouse accounts for 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 have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund increased its position in Chefs' Warehouse by 19.2% during the first quarter. Illinois Municipal Retirement Fund now owns 20,284 shares of the company's stock worth $1,105,000 after acquiring an additional 3,266 shares during the period. USA Financial Formulas bought a new stake in Chefs' Warehouse during the 1st quarter worth $106,000. SG Americas Securities LLC bought a new position in Chefs' Warehouse in the 1st quarter valued at approximately $420,000. GAMMA Investing LLC grew its stake in shares of Chefs' Warehouse by 27.9% in the first quarter. GAMMA Investing LLC now owns 1,537 shares of the company's stock worth $84,000 after purchasing an additional 335 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in shares of Chefs' Warehouse by 1.7% in the first quarter. Rhumbline Advisers now owns 95,003 shares of the company's stock valued at $5,174,000 after buying an additional 1,623 shares during the period. Institutional investors and hedge funds own 91.55% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on CHEF. Benchmark restated a "buy" rating and set a $68.00 price objective on shares of Chefs' Warehouse in a report on Monday, March 17th. UBS Group lifted their price objective on Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. BTIG Research reaffirmed a "buy" rating on shares of Chefs' Warehouse in a report on Friday, May 23rd. Finally, Wall Street Zen raised shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $67.40.

Chefs' Warehouse Trading Down 1.2%

Shares of NASDAQ:CHEF opened at $63.06 on Friday. The company has a market capitalization of $2.57 billion, a PE ratio of 41.76 and a beta of 1.77. 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 12-month low of $35.59 and a 12-month high of $66.51. The business's fifty day simple moving average is $60.98 and its 200-day simple moving average is $56.37.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.04. The company had revenue of $950.75 million during the quarter, compared to the consensus estimate of $927.34 million. Chefs' Warehouse had a net margin of 1.65% and a return on equity of 13.15%. The firm's quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.15 earnings per share. As a group, equities research analysts predict that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current fiscal 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.

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