Select Equity Group L.P. Lowers Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Select Equity Group L.P. trimmed its holdings in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 6.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,487 shares of the company's stock after selling 4,972 shares during the period. Select Equity Group L.P. owned approximately 0.18% of Chefs' Warehouse worth $3,575,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Greenhouse Funds LLLP grew its holdings in 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 period. Wellington Management Group LLP increased its stake in Chefs' Warehouse by 193.1% in the 4th quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company's stock worth $120,618,000 after acquiring an additional 1,611,240 shares during the last quarter. Kennedy Capital Management LLC lifted its position in 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. Bank of New York Mellon Corp raised its position in Chefs' Warehouse by 118.7% during the fourth quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company's stock valued at $25,293,000 after purchasing an additional 278,295 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Chefs' Warehouse by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company's stock worth $22,904,000 after buying an additional 9,299 shares during the period. Hedge funds and other institutional investors own 91.55% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CHEF shares. Benchmark restated a "buy" rating and set a $68.00 price objective on shares of Chefs' Warehouse in a report on Monday, March 17th. UBS Group increased their price objective on Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, May 1st. BMO Capital Markets lifted their price objective on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Finally, Lake Street Capital increased their price target on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Chefs' Warehouse presently has an average rating of "Buy" and a consensus price target of $67.40.

Chefs' Warehouse Stock Performance

Chefs' Warehouse stock traded up $0.51 during midday trading on Tuesday, hitting $65.31. 308,654 shares of the company were exchanged, compared to its average volume of 401,970. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04. The Chefs' Warehouse, Inc. has a fifty-two week low of $35.59 and a fifty-two week high of $66.51. The business has a fifty day simple moving average of $55.26 and a two-hundred day simple moving average of $52.80. The firm has a market capitalization of $2.66 billion, a PE ratio of 49.86 and a beta of 1.76.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued 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 12.90% and a net margin of 1.46%. 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 earned $0.15 earnings per share. Chefs' Warehouse's quarterly revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current year.

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.