The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Shares Sold by Marshall Wace LLP

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

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Chefs' Warehouse by 24.6% in the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock valued at $59,000 after acquiring an additional 237 shares during the period. Smartleaf Asset Management LLC increased its position in Chefs' Warehouse by 303.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock valued at $29,000 after acquiring an additional 446 shares during the period. Swiss National Bank raised its stake in Chefs' Warehouse by 0.9% during the 4th quarter. Swiss National Bank now owns 70,500 shares of the company's stock valued at $3,477,000 after acquiring an additional 600 shares during the last quarter. KBC Group NV lifted its position in 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 acquiring an additional 843 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in shares of Chefs' Warehouse by 4.7% in the 4th quarter. Russell Investments Group Ltd. now owns 40,853 shares of the company's stock valued at $2,015,000 after purchasing an additional 1,825 shares during the last quarter. Hedge funds and other institutional investors own 91.55% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Jefferies Financial Group boosted 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. UBS Group lifted their price objective on Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a report on Thursday. BMO Capital Markets raised their price target on 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 target price on shares of Chefs' Warehouse in a research report on Monday, March 17th. Finally, Lake Street Capital lifted 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 investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $67.40.

Chefs' Warehouse Trading Up 2.4 %

Shares of NASDAQ:CHEF traded up $1.36 during trading on Thursday, reaching $58.33. The stock had a trading volume of 389,012 shares, compared to its average volume of 394,002. The Chefs' Warehouse, Inc. has a fifty-two week low of $34.72 and a fifty-two week high of $66.51. The business has a fifty day moving average price of $54.67 and a 200-day moving average price of $50.70. The stock has a market cap of $2.39 billion, a P/E ratio of 44.58 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.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.04. Chefs' Warehouse had a return on equity of 12.90% and a net margin of 1.46%. The business had revenue of $950.75 million during the quarter, compared to the consensus estimate of $927.34 million. During the same quarter in the previous year, the business earned $0.15 earnings per share. The business's revenue for the quarter was up 8.7% on a year-over-year basis. As a group, analysts anticipate 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.