Vanguard Group Inc. Sells 12,167 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Vanguard Group Inc. cut its stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,687,149 shares of the company's stock after selling 12,167 shares during the quarter. Vanguard Group Inc. owned 6.79% of Chefs' Warehouse worth $132,530,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Chefs' Warehouse by 24.6% during 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. Smartleaf Asset Management LLC lifted its stake 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 buying an additional 446 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Chefs' Warehouse by 0.9% in the fourth quarter. Swiss National Bank now owns 70,500 shares of the company's stock worth $3,477,000 after buying an additional 600 shares during the period. KBC Group NV increased its position 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 in the last quarter. Finally, Verition Fund Management LLC raised its holdings in shares of Chefs' Warehouse by 20.3% during 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. 91.55% of the stock is currently owned by institutional investors and hedge funds.

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Chefs' Warehouse Stock Up 3.3 %

Shares of Chefs' Warehouse stock traded up $1.72 on Friday, hitting $53.26. 673,491 shares of the company traded hands, compared to its average volume of 384,748. 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 12-month low of $31.96 and a 12-month high of $66.51. The company has a 50-day moving average price of $56.47 and a 200 day moving average price of $49.58. The company has a market cap of $2.18 billion, a PE ratio of 40.66 and a beta of 1.89.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued 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%. Sell-side analysts predict that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.