Stephens Investment Management Group LLC Has $11.15 Million Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Stephens Investment Management Group LLC trimmed its position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 3.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 204,735 shares of the company's stock after selling 8,006 shares during the period. Stephens Investment Management Group LLC owned about 0.50% of Chefs' Warehouse worth $11,150,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position 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 worth $22,904,000 after acquiring an additional 9,299 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Chefs' Warehouse during the fourth quarter valued at $589,000. Raymond James Financial Inc. bought a new stake in Chefs' Warehouse during the fourth quarter valued at $11,010,000. Swiss National Bank increased its stake in Chefs' Warehouse by 0.9% during the fourth quarter. Swiss National Bank now owns 70,500 shares of the company's stock valued at $3,477,000 after purchasing an additional 600 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of Chefs' Warehouse by 53.0% during the fourth quarter. Natixis Advisors LLC now owns 57,750 shares of the company's stock valued at $2,848,000 after acquiring an additional 19,994 shares during the period. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chefs' Warehouse

In other news, CAO Tim Mccauley sold 17,500 shares of the company's stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $65.07, for a total transaction of $1,138,725.00. Following the completion of the transaction, the chief accounting officer directly owned 52,050 shares in the company, valued at $3,386,893.50. The trade was a 25.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 11.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CHEF shares. Wall Street Zen raised shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. BTIG Research reaffirmed a "buy" rating on shares of Chefs' Warehouse in a report on Friday, May 23rd. Finally, UBS Group upped their price objective 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. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $67.40.

Chefs' Warehouse Stock Up 3.0%

Shares of NASDAQ CHEF traded up $1.91 during trading hours on Thursday, hitting $66.31. The stock had a trading volume of 492,050 shares, compared to its average volume of 434,831. The company has a market capitalization of $2.70 billion, a P/E ratio of 43.91 and a beta of 1.74. The firm's 50-day moving average price is $63.33 and its two-hundred day moving average price is $58.00. The Chefs' Warehouse, Inc. has a 52 week low of $35.59 and a 52 week high of $68.28. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.27 and a current ratio of 2.05.

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, topping analysts' consensus estimates of $0.21 by $0.04. The firm 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 13.15% and a net margin of 1.65%. The company's revenue was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. Analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 EPS 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.