The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lessened its stake in shares of 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 SEC. The fund owned 204,735 shares of the company's stock after selling 8,006 shares during the quarter. 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 large investors have also recently bought and sold shares of CHEF. GAMMA Investing LLC grew its holdings in Chefs' Warehouse by 27.9% during the 1st quarter. GAMMA Investing LLC now owns 1,537 shares of the company's stock valued at $84,000 after buying an additional 335 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Chefs' Warehouse during the first quarter worth $106,000. Hsbc Holdings PLC acquired a new stake in shares of Chefs' Warehouse during the fourth quarter worth $201,000. Envestnet Asset Management Inc. acquired a new stake in shares of Chefs' Warehouse during the fourth quarter worth $224,000. Finally, Townsquare Capital LLC acquired a new stake in shares of Chefs' Warehouse during the fourth quarter worth $231,000. Institutional investors and hedge funds own 91.55% of the company's stock.

Chefs' Warehouse Price Performance

Shares of Chefs' Warehouse stock opened at $65.21 on Monday. The Chefs' Warehouse, Inc. has a twelve month low of $35.59 and a twelve month high of $68.28. The stock has a market capitalization of $2.65 billion, a P/E ratio of 43.19 and a beta of 1.74. 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 business's fifty day moving average price is $63.04 and its 200 day moving average price is $57.67.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 EPS for the quarter, beating 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 company had revenue of $950.75 million for the quarter, compared to analyst estimates of $927.34 million. During the same period last year, the company posted $0.15 earnings per share. The firm's revenue was up 8.7% compared to the same quarter last year. As a group, research analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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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