Nuveen Asset Management LLC Reduces Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Nuveen Asset Management LLC cut its holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 81.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 480,813 shares of the company's stock after selling 2,110,679 shares during the period. Nuveen Asset Management LLC owned 1.22% of Chefs' Warehouse worth $23,714,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in shares of Chefs' Warehouse by 303.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock worth $29,000 after purchasing an additional 446 shares in the last quarter. KBC Group NV raised its holdings in Chefs' Warehouse by 67.1% during the 4th quarter. KBC Group NV now owns 2,100 shares of the company's stock valued at $104,000 after buying an additional 843 shares during the period. Hsbc Holdings PLC purchased a new stake in Chefs' Warehouse in the 4th quarter worth about $201,000. Envestnet Asset Management Inc. purchased a new stake in shares of Chefs' Warehouse in the fourth quarter worth approximately $224,000. Finally, Townsquare Capital LLC bought a new stake in shares of Chefs' Warehouse during the 4th quarter worth approximately $231,000. Institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Stock Performance

CHEF traded down $0.24 during trading on Wednesday, hitting $63.29. The stock had a trading volume of 52,751 shares, compared to its average volume of 404,066. The firm has a market capitalization of $2.58 billion, a P/E ratio of 48.37 and a beta of 1.76. The Chefs' Warehouse, Inc. has a twelve month low of $35.59 and a twelve month high of $66.51. The company's 50-day moving average price is $56.57 and its 200 day moving average price is $53.62. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. The business had revenue of $950.75 million during 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 company's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period last year, the firm earned $0.15 EPS. On average, equities research analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CHEF. Benchmark reiterated a "buy" rating and issued a $68.00 price target on shares of Chefs' Warehouse in a report on Monday, March 17th. UBS Group raised 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. BMO Capital Markets increased their price target on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Lake Street Capital boosted their price target on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Finally, BTIG Research reissued a "buy" rating on shares of Chefs' Warehouse in a research note on Friday. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Chefs' Warehouse presently has a consensus rating of "Buy" and an average target price of $67.40.

Chefs' Warehouse Company 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.