Pacific Ridge Capital Partners LLC reduced its position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 26.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,654 shares of the company's stock after selling 8,320 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 0.06% of Chefs' Warehouse worth $1,167,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its position in Chefs' Warehouse by 303.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock valued at $29,000 after purchasing an additional 446 shares in the last quarter. GAMMA Investing LLC grew its position in Chefs' Warehouse by 24.6% in the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock valued at $59,000 after acquiring an additional 237 shares during the last quarter. KBC Group NV lifted its holdings in shares of Chefs' Warehouse by 67.1% in the fourth quarter. KBC Group NV now owns 2,100 shares of the company's stock worth $104,000 after acquiring an additional 843 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Chefs' Warehouse in the 3rd quarter valued at approximately $225,000. Finally, FMR LLC grew its holdings in shares of Chefs' Warehouse by 95.0% during the 3rd 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. Institutional investors own 91.55% of the company's stock.
Analyst Ratings Changes
A number of analysts have weighed in on CHEF shares. Lake Street Capital raised their target price on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Benchmark reaffirmed a "buy" rating and issued a $68.00 price objective on shares of Chefs' Warehouse in a research note on Monday, March 17th. Jefferies Financial Group boosted their target price on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a report on Wednesday, January 15th. BMO Capital Markets raised their target price on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Finally, UBS Group upped their price objective on shares of Chefs' Warehouse from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $67.60.
Check Out Our Latest Report on CHEF
Chefs' Warehouse Stock Up 0.9 %
Shares of CHEF stock traded up $0.49 on Monday, reaching $53.96. 71,024 shares of the company were exchanged, compared to its average volume of 374,801. The Chefs' Warehouse, Inc. has a one year low of $31.96 and a one year high of $66.51. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 41.16 and a beta of 2.28. The company has a 50-day moving average of $56.98 and a 200-day moving average of $48.74. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30.
Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04. Chefs' Warehouse had a net margin of 1.46% and a return on equity of 12.90%. Analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current year.
About Chefs' Warehouse
(
Free Report)
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.
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