Geode Capital Management LLC Sells 8,539 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Geode Capital Management LLC reduced its position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 817,527 shares of the company's stock after selling 8,539 shares during the period. Geode Capital Management LLC owned about 2.07% of Chefs' Warehouse worth $40,330,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CHEF. B. Metzler seel. Sohn & Co. AG lifted its stake in Chefs' Warehouse by 97.6% in the 4th quarter. B. Metzler seel. Sohn & Co. AG now owns 61,565 shares of the company's stock worth $3,036,000 after acquiring an additional 30,406 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of Chefs' Warehouse by 193.1% in the 4th 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 period. Pictet Asset Management Holding SA purchased a new stake in shares of Chefs' Warehouse in the fourth quarter worth approximately $20,374,000. New Age Alpha Advisors LLC acquired a new stake in shares of Chefs' Warehouse during the fourth quarter worth approximately $2,849,000. Finally, EntryPoint Capital LLC purchased a new position in Chefs' Warehouse during the fourth quarter valued at approximately $336,000. Institutional investors and hedge funds own 91.55% of the company's stock.

Chefs' Warehouse Stock Up 1.4 %

NASDAQ:CHEF traded up $0.74 during trading hours on Friday, reaching $53.70. The company's stock had a trading volume of 402,020 shares, compared to its average volume of 388,135. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 40.99 and a beta of 1.89. The business's 50-day moving average is $56.35 and its 200-day moving average is $50.06. The Chefs' Warehouse, Inc. has a one year low of $32.16 and a one year high of $66.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. Chefs' Warehouse had a return on equity of 12.90% and a net margin of 1.46%. Equities research analysts predict that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CHEF. UBS Group increased their target price on shares of Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Lake Street Capital increased their price objective on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their price objective on Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Benchmark reaffirmed a "buy" rating and issued a $68.00 target price on shares of Chefs' Warehouse in a research report on Monday, March 17th. Finally, BMO Capital Markets lifted their price target on Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $67.60.

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.