PDT Partners LLC Sells 10,655 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

PDT Partners LLC reduced its stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,673 shares of the company's stock after selling 10,655 shares during the period. PDT Partners LLC owned 0.11% of Chefs' Warehouse worth $2,105,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Greenhouse Funds LLLP boosted its position in shares of Chefs' Warehouse by 3.3% in the fourth quarter. Greenhouse Funds LLLP now owns 2,452,981 shares of the company's stock worth $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 buying an additional 1,611,240 shares in the last quarter. Kennedy Capital Management LLC raised its holdings 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 acquiring an additional 151,159 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Chefs' Warehouse by 118.7% in 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 acquiring an additional 278,295 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of 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 purchasing an additional 9,299 shares in the last quarter. 91.55% of the stock is currently owned by institutional investors.

Chefs' Warehouse Trading Up 1.3 %

NASDAQ CHEF traded up $0.76 during trading on Monday, hitting $60.70. The stock had a trading volume of 99,971 shares, compared to its average volume of 391,432. The Chefs' Warehouse, Inc. has a one year low of $35.59 and a one year high of $66.51. The stock has a 50 day simple moving average of $54.47 and a 200 day simple moving average of $51.08. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 46.34 and a beta of 1.76. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04.

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, 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 period in the previous year, the company earned $0.15 EPS. The firm's quarterly revenue was up 8.7% on a year-over-year basis. Sell-side analysts predict that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. 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. UBS Group upped their price objective on Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday. BMO Capital Markets raised their target price 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. Jefferies Financial Group lifted their price objective on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Finally, Lake Street Capital upped their target price 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. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Chefs' Warehouse currently has a consensus rating of "Buy" and a consensus 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.