Stephens Investment Management Group LLC Sells 135,262 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Stephens Investment Management Group LLC lowered its holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 39.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 210,234 shares of the company's stock after selling 135,262 shares during the period. Stephens Investment Management Group LLC owned about 0.53% of Chefs' Warehouse worth $8,832,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CHEF. Nisa Investment Advisors LLC raised its stake in shares of Chefs' Warehouse by 1,089.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 690 shares of the company's stock worth $27,000 after purchasing an additional 632 shares in the last quarter. GAMMA Investing LLC increased its holdings in Chefs' Warehouse by 39.6% during the second quarter. GAMMA Investing LLC now owns 909 shares of the company's stock worth $36,000 after buying an additional 258 shares during the last quarter. Quarry LP bought a new stake in Chefs' Warehouse during the second quarter worth $54,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Chefs' Warehouse in the second quarter valued at $55,000. Finally, ORG Partners LLC bought a new position in shares of Chefs' Warehouse in the 2nd quarter valued at about $122,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. BMO Capital Markets raised their target price on shares of Chefs' Warehouse from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday. Jefferies Financial Group raised their price objective on Chefs' Warehouse from $51.00 to $53.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $50.50.

Chefs' Warehouse Stock Performance

Shares of NASDAQ CHEF traded up $0.02 during mid-day trading on Friday, reaching $39.94. 437,405 shares of the company were exchanged, compared to its average volume of 338,854. The stock has a market capitalization of $1.59 billion, a P/E ratio of 35.04 and a beta of 2.32. The company has a quick ratio of 1.08, a current ratio of 1.85 and a debt-to-equity ratio of 1.39. The company's 50-day simple moving average is $40.70 and its 200-day simple moving average is $39.27. The Chefs' Warehouse, Inc. has a twelve month low of $21.87 and a twelve month high of $44.58.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. Chefs' Warehouse had a net margin of 1.28% and a return on equity of 12.67%. The firm had revenue of $931.45 million during the quarter, compared to the consensus estimate of $934.29 million. As a group, research analysts predict that The Chefs' Warehouse, Inc. will post 1.43 earnings per share for the current 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.