Aristotle Capital Boston LLC Sells 34,620 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Aristotle Capital Boston LLC lowered its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 10.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 308,640 shares of the company's stock after selling 34,620 shares during the quarter. Aristotle Capital Boston LLC owned about 0.78% of Chefs' Warehouse worth $15,222,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in Chefs' Warehouse in the 4th quarter worth approximately $2,849,000. Bank of New York Mellon Corp boosted its holdings in Chefs' Warehouse by 118.7% in the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company's stock worth $25,293,000 after buying an additional 278,295 shares during the period. Proficio Capital Partners LLC purchased a new stake in Chefs' Warehouse in the 4th quarter worth $589,000. Charles Schwab Investment Management Inc. raised its holdings 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 valued at $22,904,000 after acquiring an additional 9,299 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Chefs' Warehouse by 303.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock valued at $29,000 after acquiring an additional 446 shares in the last quarter. 91.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CHEF shares. Lake Street Capital upped their price target on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. UBS Group lifted their price target on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a report on Thursday. BMO Capital Markets increased their price objective on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a report on Thursday, February 13th. Benchmark restated a "buy" rating and set a $68.00 price objective on shares of Chefs' Warehouse in a research report on Monday, March 17th. Finally, Jefferies Financial Group boosted their target price on Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $67.40.

Chefs' Warehouse Price Performance

CHEF stock traded up $0.81 during trading on Monday, hitting $60.75. 656,408 shares of the company's stock traded hands, compared to its average volume of 393,625. The business has a fifty day simple moving average of $54.41 and a 200 day simple moving average of $51.22. The Chefs' Warehouse, Inc. has a 52 week low of $35.59 and a 52 week high of $66.51. 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 stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 46.37 and a beta of 1.76.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.25 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $927.34 million. During the same quarter last year, the business posted $0.15 earnings per share. The firm's revenue was up 8.7% on a year-over-year basis. As a group, research analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal 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.