Select Equity Group L.P. Has $3.58 Million Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Select Equity Group L.P. lessened its holdings in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 6.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 72,487 shares of the company's stock after selling 4,972 shares during the period. Select Equity Group L.P. owned 0.18% of Chefs' Warehouse worth $3,575,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Smartleaf Asset Management LLC grew its stake in Chefs' Warehouse by 303.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock worth $29,000 after buying an additional 446 shares during the last quarter. KBC Group NV raised its holdings in shares of Chefs' Warehouse by 67.1% in the fourth quarter. KBC Group NV now owns 2,100 shares of the company's stock worth $104,000 after acquiring an additional 843 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in Chefs' Warehouse in the 4th quarter worth about $201,000. Envestnet Asset Management Inc. acquired a new position in shares of Chefs' Warehouse in the 4th quarter valued at $224,000. Finally, Townsquare Capital LLC acquired a new stake in Chefs' Warehouse during the fourth quarter worth about $231,000. Institutional investors and hedge funds own 91.55% of the company's stock.

Chefs' Warehouse Trading Down 2.1%

Shares of Chefs' Warehouse stock traded down $1.34 on Thursday, hitting $62.61. 129,594 shares of the company's stock traded hands, compared to its average volume of 401,442. The firm's 50-day moving average price is $55.75 and its two-hundred day moving average price is $52.97. The stock has a market capitalization of $2.55 billion, a PE ratio of 47.82 and a beta of 1.76. The Chefs' Warehouse, Inc. has a one year low of $35.59 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 earnings results 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 net margin of 1.46% and a return on equity of 12.90%. The company had revenue of $950.75 million during the quarter, compared to analysts' expectations of $927.34 million. During the same quarter in the previous year, the company posted $0.15 EPS. The business's revenue for the quarter was up 8.7% compared to the same quarter last year. On average, research analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. BMO Capital Markets boosted their price target on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. UBS Group boosted 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. Benchmark reaffirmed a "buy" rating and set a $68.00 target price on shares of Chefs' Warehouse in a report on Monday, March 17th. Finally, 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. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $67.40.

Chefs' Warehouse Company 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.