Marshall Wace LLP Has $2.05 Million Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Marshall Wace LLP cut its stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 71.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 41,541 shares of the company's stock after selling 102,153 shares during the quarter. Marshall Wace LLP owned 0.11% of Chefs' Warehouse worth $2,049,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. 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. UBS Group boosted their price target on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday. Jefferies Financial Group upped their price objective on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. BMO Capital Markets lifted their target price 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 upped their price target on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the company 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, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.40.

Chefs' Warehouse Stock Up 2.5 %

Shares of Chefs' Warehouse stock traded up $1.43 during trading on Friday, reaching $59.06. 150,127 shares of the company traded hands, compared to its average volume of 391,827. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30. The firm has a market capitalization of $2.42 billion, a PE ratio of 45.21 and a beta of 1.89. The company has a 50 day moving average price of $54.54 and a 200-day moving average price of $50.82. The Chefs' Warehouse, Inc. has a 1-year low of $35.44 and a 1-year high of $66.51.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $927.34 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The business's revenue was up 8.7% on a year-over-year basis. As a group, equities research analysts expect 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.