The Manufacturers Life Insurance Company Sells 49,702 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

The Manufacturers Life Insurance Company reduced its position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 495,631 shares of the company's stock after selling 49,702 shares during the period. The Manufacturers Life Insurance Company owned 1.25% of Chefs' Warehouse worth $24,445,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake 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 worth $29,000 after acquiring an additional 446 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Chefs' Warehouse by 24.6% during the 4th 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 period. KBC Group NV increased its holdings in shares of 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 purchasing an additional 843 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Chefs' Warehouse during the fourth quarter valued at about $201,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Chefs' Warehouse in the fourth quarter valued at about $224,000. 91.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CHEF shares. Jefferies Financial Group upped their target price on 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 upped their target price on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday. Benchmark reissued a "buy" rating and issued a $68.00 price target on shares of Chefs' Warehouse in a research report on Monday, March 17th. Lake Street Capital lifted their price objective on Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, BMO Capital Markets increased their target price on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price 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 stock traded hands, compared to its average volume of 393,625. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 46.37 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 50 day simple moving average of $54.41 and a 200 day simple moving average of $51.22.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its 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 business had revenue of $950.75 million for the quarter, compared to the consensus estimate of $927.34 million. During the same period in the previous year, the business earned $0.15 EPS. Chefs' Warehouse's revenue was up 8.7% compared to the same quarter last year. Equities analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

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.