Geode Capital Management LLC Cuts Stock Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Geode Capital Management LLC decreased its position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 817,527 shares of the company's stock after selling 8,539 shares during the period. Geode Capital Management LLC owned approximately 2.07% of Chefs' Warehouse worth $40,330,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new stake in Chefs' Warehouse in the 4th quarter worth approximately $2,849,000. Bank of New York Mellon Corp increased its position in 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 worth $25,293,000 after purchasing an additional 278,295 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in Chefs' Warehouse during the fourth quarter valued at $589,000. FMR LLC lifted its position in Chefs' Warehouse by 95.0% during the third quarter. FMR LLC now owns 5,890 shares of the company's stock valued at $247,000 after purchasing an additional 2,870 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Chefs' Warehouse by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company's stock worth $22,904,000 after buying an additional 9,299 shares in the last quarter. 91.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CHEF shares. Benchmark reaffirmed a "buy" rating and issued a $68.00 price target on shares of Chefs' Warehouse in a report on Monday, March 17th. UBS Group boosted their target price on Chefs' Warehouse from $60.00 to $69.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Jefferies Financial Group raised their price target on Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. BMO Capital Markets upped their price target 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. Finally, Lake Street Capital boosted their target price on 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's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $67.60.

Chefs' Warehouse Trading Up 1.4 %

CHEF stock traded up $0.74 during mid-day trading on Friday, reaching $53.70. The company had a trading volume of 402,020 shares, compared to its average volume of 387,339. The firm has a 50 day moving average of $56.35 and a 200 day moving average of $49.93. 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 Chefs' Warehouse, Inc. has a 12 month low of $32.11 and a 12 month high of $66.51. The company has a market capitalization of $2.20 billion, a PE ratio of 40.99 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 the consensus estimate of $0.51 by $0.04. Chefs' Warehouse had a return on equity of 12.90% and a net margin of 1.46%. On average, equities analysts predict that The Chefs' Warehouse, Inc. will post 1.73 earnings per share 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.