New York State Common Retirement Fund Sells 35,780 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

New York State Common Retirement Fund lowered its stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 221,238 shares of the company's stock after selling 35,780 shares during the period. New York State Common Retirement Fund owned 0.56% of Chefs' Warehouse worth $10,911,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of Chefs' Warehouse by 24.6% in the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock valued at $59,000 after purchasing an additional 237 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in shares of Chefs' Warehouse by 7.6% during the third quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company's stock valued at $284,000 after acquiring an additional 481 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Chefs' Warehouse by 1.6% in the 3rd quarter. New York State Teachers Retirement System now owns 41,742 shares of the company's stock valued at $1,754,000 after purchasing an additional 640 shares in the last quarter. KBC Group NV raised its holdings in Chefs' Warehouse by 67.1% in the fourth quarter. KBC Group NV now owns 2,100 shares of the company's stock valued at $104,000 after acquiring an additional 843 shares in the last quarter. Finally, Verition Fund Management LLC grew its stake in Chefs' Warehouse by 20.3% in the third quarter. Verition Fund Management LLC now owns 6,772 shares of the company's stock worth $284,000 after purchasing an additional 1,144 shares in the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling

In related news, CFO James Leddy sold 4,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $48.85, for a total value of $195,400.00. Following the completion of the transaction, the chief financial officer now owns 145,589 shares of the company's stock, valued at $7,112,022.65. This represents a 2.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CHEF has been the topic of several recent research reports. UBS Group raised their price target on Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Benchmark boosted their price target on shares of Chefs' Warehouse from $55.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Lake Street Capital lifted their target price on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Jefferies Financial Group upped their price objective on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research note on Wednesday, January 15th. Finally, BMO Capital Markets lifted their target price on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Chefs' Warehouse presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.60.

Chefs' Warehouse Trading Up 1.0 %

Chefs' Warehouse stock traded up $0.64 during midday trading on Friday, hitting $62.58. 509,480 shares of the stock were exchanged, compared to its average volume of 492,293. The company has a quick ratio of 1.30, a current ratio of 2.04 and a debt-to-equity ratio of 1.28. The Chefs' Warehouse, Inc. has a 52 week low of $31.96 and a 52 week high of $66.51. The company has a fifty day simple moving average of $54.80 and a two-hundred day simple moving average of $46.42. The stock has a market capitalization of $2.52 billion, a PE ratio of 47.77 and a beta of 2.29.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share 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%. Equities research analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 EPS 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.