The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Stock Holdings Cut by Perry Creek Capital LP

Perry Creek Capital LP reduced its stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 71.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,100 shares of the company's stock after selling 176,462 shares during the quarter. Chefs' Warehouse accounts for 1.8% of Perry Creek Capital LP's holdings, making the stock its 8th largest position. Perry Creek Capital LP owned approximately 0.18% of Chefs' Warehouse worth $3,507,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of CHEF. Principal Financial Group Inc. raised its holdings in Chefs' Warehouse by 1.3% in the 3rd quarter. Principal Financial Group Inc. now owns 178,080 shares of the company's stock worth $7,481,000 after purchasing an additional 2,218 shares during the period. GAMMA Investing LLC raised its stake in shares of Chefs' Warehouse by 24.6% during the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock worth $59,000 after buying an additional 237 shares during the period. KBC Group NV raised its stake in shares of Chefs' Warehouse by 67.1% during the 4th quarter. KBC Group NV now owns 2,100 shares of the company's stock worth $104,000 after buying an additional 843 shares during the period. WCM Investment Management LLC lifted its position in shares of Chefs' Warehouse by 92.9% during the 4th quarter. WCM Investment Management LLC now owns 354,333 shares of the company's stock valued at $17,362,000 after buying an additional 170,600 shares in the last quarter. Finally, Stephens Investment Management Group LLC grew its stake in Chefs' Warehouse by 1.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 212,741 shares of the company's stock valued at $10,492,000 after acquiring an additional 2,507 shares during the period. 91.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Chefs' Warehouse Price Performance

Shares of Chefs' Warehouse stock traded down $0.62 on Monday, hitting $52.49. 135,210 shares of the company were exchanged, compared to its average volume of 390,937. The Chefs' Warehouse, Inc. has a 1-year low of $32.83 and a 1-year high of $66.51. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 40.06 and a beta of 1.89. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 1.28. The company has a 50-day moving average price of $55.28 and a 200 day moving average price of $50.54.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Chefs' Warehouse had a return on equity of 12.90% and a net margin of 1.46%. As a group, sell-side analysts predict that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

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.