Perry Creek Capital LP Sells 176,462 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Perry Creek Capital LP cut its holdings in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 71.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 71,100 shares of the company's stock after selling 176,462 shares during the quarter. Chefs' Warehouse accounts for 1.8% of Perry Creek Capital LP's investment portfolio, making the stock its 8th largest position. Perry Creek Capital LP owned approximately 0.18% of Chefs' Warehouse worth $3,507,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CHEF. Smartleaf Asset Management LLC increased its holdings in Chefs' Warehouse by 303.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company's stock valued at $29,000 after buying an additional 446 shares during the last quarter. GAMMA Investing LLC increased its stake 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 purchasing an additional 237 shares during the last quarter. KBC Group NV raised its holdings in Chefs' Warehouse by 67.1% during the fourth quarter. KBC Group NV now owns 2,100 shares of the company's stock worth $104,000 after purchasing an additional 843 shares in the last quarter. Hsbc Holdings PLC acquired a new position in shares of Chefs' Warehouse in the 4th quarter valued at $201,000. Finally, Envestnet Asset Management Inc. acquired a new position in shares of Chefs' Warehouse in the 4th quarter valued at $224,000. Hedge funds and other institutional investors own 91.55% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on CHEF shares. UBS Group lifted their target price on Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. BMO Capital Markets raised their target price on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Lake Street Capital upped their target price on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Benchmark reiterated a "buy" rating and set a $68.00 price target on shares of Chefs' Warehouse in a research note on Monday, March 17th. Finally, Jefferies Financial Group lifted their price objective on Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $67.60.

Chefs' Warehouse Stock Performance

Shares of CHEF opened at $53.85 on Wednesday. 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 company has a 50-day moving average of $56.02 and a two-hundred day moving average of $50.17. The stock has a market cap of $2.21 billion, a P/E ratio of 41.11 and a beta of 1.89. The Chefs' Warehouse, Inc. has a 12-month low of $32.16 and a 12-month high of $66.51.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted 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 return on equity of 12.90% and a net margin of 1.46%. As a group, research analysts predict that The Chefs' Warehouse, Inc. will post 1.73 EPS 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.

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