Rhumbline Advisers Lowers Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Rhumbline Advisers decreased its position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 93,380 shares of the company's stock after selling 7,664 shares during the quarter. Rhumbline Advisers owned 0.24% of Chefs' Warehouse worth $4,605,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Repertoire Partners LP bought a new stake in Chefs' Warehouse in the third quarter worth $1,461,000. WCM Investment Management LLC bought a new stake in shares of Chefs' Warehouse in the 3rd quarter worth about $7,680,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Chefs' Warehouse in the 3rd quarter worth about $571,000. FMR LLC raised its position 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 buying an additional 2,870 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of Chefs' Warehouse by 33.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 126,232 shares of the company's stock valued at $5,303,000 after acquiring an additional 31,968 shares during the last quarter. 91.55% of the stock is owned by hedge funds and other institutional investors.

Chefs' Warehouse Trading Down 0.5 %

CHEF traded down $0.32 during trading hours on Monday, reaching $62.26. 547,572 shares of the company's stock traded hands, compared to its average volume of 491,849. The firm has a 50-day moving average price of $55.08 and a 200 day moving average price of $46.73. The firm has a market capitalization of $2.51 billion, a PE ratio of 47.45 and a beta of 2.29. 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.

Remove Ads

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter, beating 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%. As a group, sell-side analysts predict that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CHEF shares. Lake Street Capital boosted their price objective on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Jefferies Financial Group boosted their target price on Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Benchmark raised their price target on Chefs' Warehouse from $55.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. UBS Group lifted their price objective on shares of Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Finally, BMO Capital Markets increased 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 investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Chefs' Warehouse has an average rating of "Moderate Buy" and an average target price of $67.60.

Insider Transactions at Chefs' Warehouse

In related news, CFO James Leddy sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $48.85, for a total value of $195,400.00. Following the completion of the sale, the chief financial officer now owns 145,589 shares in the company, valued at approximately $7,112,022.65. The trade was a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 11.90% of the company's stock.

About Chefs' Warehouse

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.