Alliancebernstein L.P. Has $99.17 Million Stock Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Alliancebernstein L.P. decreased its holdings in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 11.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 2,010,724 shares of the company's stock after selling 254,533 shares during the period. Alliancebernstein L.P. owned approximately 5.08% of Chefs' Warehouse worth $99,169,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Wellington Management Group LLP raised its holdings in Chefs' Warehouse by 193.1% in the fourth quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company's stock worth $120,618,000 after purchasing an additional 1,611,240 shares during the period. Bank of New York Mellon Corp lifted its holdings in Chefs' Warehouse by 118.7% during the fourth quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company's stock worth $25,293,000 after acquiring an additional 278,295 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Chefs' Warehouse by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company's stock worth $22,904,000 after acquiring an additional 9,299 shares in the last quarter. Pictet Asset Management Holding SA bought a new position in shares of Chefs' Warehouse during the 4th quarter valued at about $20,374,000. Finally, TimesSquare Capital Management LLC bought a new stake in Chefs' Warehouse during the 4th quarter worth approximately $19,493,000. Institutional investors and hedge funds own 91.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CHEF shares. UBS Group boosted their price target on Chefs' Warehouse from $60.00 to $69.00 and gave the company a "buy" rating in a report on Thursday, February 13th. BMO Capital Markets lifted 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 target price on shares of Chefs' Warehouse in a report on Monday, March 17th. Jefferies Financial Group increased 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 boosted their price target on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $67.60.

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Chefs' Warehouse Stock Performance

Shares of CHEF traded down $0.65 during mid-day trading on Monday, reaching $49.35. The company's stock had a trading volume of 245,578 shares, compared to its average volume of 377,159. 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 Chefs' Warehouse, Inc. has a 1-year low of $31.96 and a 1-year high of $66.51. The business has a 50-day simple moving average of $56.96 and a two-hundred day simple moving average of $49.19. The stock has a market cap of $2.02 billion, a P/E ratio of 37.76 and a beta of 1.89.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.04. Chefs' Warehouse had a net margin of 1.46% and a return on equity of 12.90%. As a group, equities research analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 earnings per share 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.