The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Shares Sold by Schroder Investment Management Group

Schroder Investment Management Group reduced its position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 17.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 468,868 shares of the company's stock after selling 95,809 shares during the period. Schroder Investment Management Group owned approximately 1.19% of Chefs' Warehouse worth $23,125,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in Chefs' Warehouse during the 3rd quarter worth approximately $374,000. Charles Schwab Investment Management Inc. grew its holdings in Chefs' Warehouse by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 455,092 shares of the company's stock worth $19,118,000 after acquiring an additional 3,739 shares during the period. FMR LLC raised its position in Chefs' Warehouse by 95.0% in the third quarter. FMR LLC now owns 5,890 shares of the company's stock worth $247,000 after acquiring an additional 2,870 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Chefs' Warehouse by 3.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 76,771 shares of the company's stock worth $3,225,000 after acquiring an additional 2,204 shares in the last quarter. Finally, Verition Fund Management LLC lifted its holdings in Chefs' Warehouse by 20.3% in the third quarter. Verition Fund Management LLC now owns 6,772 shares of the company's stock valued at $284,000 after acquiring an additional 1,144 shares during the period. Institutional investors and hedge funds own 91.55% of the company's stock.

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Analysts Set New Price Targets

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

Chefs' Warehouse Price Performance

Shares of CHEF stock traded down $0.56 during trading hours on Monday, hitting $49.44. The company's stock had a trading volume of 632,326 shares, compared to its average volume of 378,652. 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 business has a fifty day moving average of $56.85 and a 200-day moving average of $49.25. The Chefs' Warehouse, Inc. has a twelve month low of $31.96 and a twelve month high of $66.51. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 37.74 and a beta of 1.89.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its earnings results on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, beating 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, equities research analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 EPS 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.