Jennison Associates LLC Has $38.36 Million Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Jennison Associates LLC lessened its holdings in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 704,278 shares of the company's stock after selling 6,784 shares during the quarter. Jennison Associates LLC owned approximately 1.73% of Chefs' Warehouse worth $38,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. CWM LLC grew its stake in Chefs' Warehouse by 50.6% during the 1st quarter. CWM LLC now owns 542 shares of the company's stock valued at $30,000 after acquiring an additional 182 shares in the last quarter. GAMMA Investing LLC grew its stake 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 acquiring an additional 335 shares in the last quarter. Swiss National Bank grew its stake in Chefs' Warehouse by 0.9% during the 4th quarter. Swiss National Bank now owns 70,500 shares of the company's stock valued at $3,477,000 after acquiring an additional 600 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Chefs' Warehouse by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,905 shares of the company's stock valued at $982,000 after acquiring an additional 755 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in Chefs' Warehouse by 12.2% during the 1st quarter. Verdence Capital Advisors LLC now owns 7,642 shares of the company's stock valued at $416,000 after acquiring an additional 833 shares in the last quarter. Hedge funds and other institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Stock Performance

Shares of CHEF stock traded down $1.49 during trading hours on Friday, reaching $64.82. 304,142 shares of the company's stock were exchanged, compared to its average volume of 435,004. The Chefs' Warehouse, Inc. has a fifty-two week low of $35.59 and a fifty-two week high of $68.28. The stock has a market capitalization of $2.64 billion, a P/E ratio of 42.93 and a beta of 1.74. The business has a fifty day moving average price of $63.39 and a 200-day moving average price of $58.17. The company has a quick ratio of 1.27, a current ratio of 2.05 and a debt-to-equity ratio of 1.26.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.04. The business had revenue of $950.75 million during the quarter, compared to analyst estimates of $927.34 million. Chefs' Warehouse had a return on equity of 13.15% and a net margin of 1.65%. Chefs' Warehouse's revenue was up 8.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.15 earnings per share. Analysts predict that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Insider Activity at Chefs' Warehouse

In related news, CAO Tim Mccauley sold 17,500 shares of the company's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $65.07, for a total value 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. This represents a 25.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 11.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen raised Chefs' Warehouse from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. UBS Group boosted their price target on Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, BTIG Research reissued a "buy" rating on shares of Chefs' Warehouse in a research note on Friday, May 23rd. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target 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.