The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC reduced its position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 16.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 331,436 shares of the company's stock after selling 63,808 shares during the quarter. TimesSquare Capital Management LLC owned approximately 0.81% of Chefs' Warehouse worth $18,050,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHEF. Greenhouse Funds LLLP grew its holdings in shares of Chefs' Warehouse by 3.3% during the fourth quarter. Greenhouse Funds LLLP now owns 2,452,981 shares of the company's stock valued at $120,981,000 after purchasing an additional 77,894 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of 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 purchasing an additional 1,611,240 shares during the last quarter. Kennedy Capital Management LLC grew its holdings in shares of 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 purchasing an additional 151,159 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Chefs' Warehouse by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company's stock valued at $22,904,000 after purchasing an additional 9,299 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of 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 purchasing an additional 139,240 shares during the last quarter. 91.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CHEF has been the subject of several recent research reports. BTIG Research reaffirmed a "buy" rating on shares of Chefs' Warehouse in a report on Friday, May 23rd. UBS Group upped their target price on Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Wall Street Zen raised Chefs' Warehouse from a "hold" rating to a "buy" rating in a report on Saturday, June 21st. Seven equities research 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 a consensus target price of $67.40.

Chefs' Warehouse Stock Performance

Shares of NASDAQ CHEF traded down $1.46 during midday trading on Friday, hitting $64.85. 165,434 shares of the company's stock were exchanged, compared to its average volume of 433,793. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.05 and a quick ratio of 1.27. The stock's 50 day moving average price is $63.33 and its 200-day moving average price is $58.00. The firm has a market cap of $2.64 billion, a P/E ratio of 42.91 and a beta of 1.74. The Chefs' Warehouse, Inc. has a twelve month low of $35.59 and a twelve month high of $68.28.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. The business had revenue of $950.75 million during the quarter, compared to the consensus estimate of $927.34 million. Chefs' Warehouse had a return on equity of 13.15% and a net margin of 1.65%. The business's 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. Equities research analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Insider Activity

In other news, CAO Tim Mccauley sold 17,500 shares of the business'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 approximately $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 SEC, which is accessible through the SEC website. Corporate insiders own 11.90% of the company's stock.

About Chefs' Warehouse

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.