The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 48.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 262,023 shares of the company's stock after selling 250,807 shares during the period. Bank of New York Mellon Corp owned approximately 0.64% of Chefs' Warehouse worth $14,270,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in Chefs' Warehouse by 193.1% during the fourth quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company's stock valued at $120,618,000 after acquiring an additional 1,611,240 shares during the last quarter. Pictet Asset Management Holding SA bought a new position in Chefs' Warehouse during the fourth quarter valued at $20,374,000. Cercano Management LLC bought a new position in Chefs' Warehouse during the fourth quarter valued at $18,481,000. Kennedy Capital Management LLC increased its position in Chefs' Warehouse by 25.0% during the fourth quarter. Kennedy Capital Management LLC now owns 754,637 shares of the company's stock valued at $37,219,000 after acquiring an additional 151,159 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Chefs' Warehouse by 49.0% during the fourth quarter. Ameriprise Financial Inc. now owns 423,528 shares of the company's stock valued at $20,888,000 after acquiring an additional 139,240 shares during the last quarter. Institutional investors own 91.55% of the company's stock.

Insider Transactions at Chefs' Warehouse

In other Chefs' Warehouse news, CAO Tim Mccauley sold 17,500 shares of Chefs' Warehouse stock in a transaction on Monday, July 14th. The shares were sold at an average price of $65.07, for a total transaction of $1,138,725.00. Following the sale, the chief accounting officer owned 52,050 shares of the company's stock, valued at $3,386,893.50. The trade was a 25.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 11.90% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CHEF. Wall Street Zen upgraded shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. UBS Group upped their price target on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, BTIG Research restated a "buy" rating on shares of Chefs' Warehouse in a report on Friday, May 23rd. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $67.40.

Chefs' Warehouse Stock Down 2.2%

Shares of CHEF traded down $1.49 during mid-day trading on Friday, hitting $64.82. 304,142 shares of the company traded hands, compared to its average volume of 435,004. The Chefs' Warehouse, Inc. has a 1-year low of $35.59 and a 1-year high of $68.28. 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 $2.64 billion, a PE ratio of 42.93 and a beta of 1.74. The business has a 50 day moving average of $63.39 and a 200 day moving average of $58.17.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.04. The company had revenue of $950.75 million for 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%. Chefs' Warehouse's quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.15 EPS. Equities research 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.