Victory Capital Management Inc. Cuts Stock Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Victory Capital Management Inc. decreased its holdings in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 480,861 shares of the company's stock after selling 21,554 shares during the quarter. Victory Capital Management Inc. owned 1.22% of Chefs' Warehouse worth $23,716,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CHEF. Wellington Management Group LLP increased its holdings in shares of Chefs' Warehouse by 3.1% in the 3rd quarter. Wellington Management Group LLP now owns 834,386 shares of the company's stock worth $35,053,000 after buying an additional 24,987 shares during the last quarter. Bank of New York Mellon Corp raised its position in Chefs' Warehouse by 118.7% during the fourth quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company's stock valued at $25,293,000 after purchasing an additional 278,295 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Chefs' Warehouse by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company's stock worth $22,904,000 after purchasing an additional 9,299 shares during the last quarter. TimesSquare Capital Management LLC purchased a new position in shares of Chefs' Warehouse in the 4th quarter worth about $19,493,000. Finally, WCM Investment Management LLC boosted its holdings in shares of Chefs' Warehouse by 92.9% in the 4th quarter. WCM Investment Management LLC now owns 354,333 shares of the company's stock worth $17,362,000 after purchasing an additional 170,600 shares in the last quarter. 91.55% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Chefs' Warehouse

In other news, CFO James Leddy sold 4,000 shares of Chefs' Warehouse stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $48.85, for a total transaction of $195,400.00. Following the sale, the chief financial officer now owns 145,589 shares of the company's stock, valued at approximately $7,112,022.65. The trade was a 2.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 11.90% of the company's stock.

Chefs' Warehouse Trading Up 2.0 %

CHEF traded up $1.08 during trading on Wednesday, hitting $53.78. 145,791 shares of the stock traded hands, compared to its average volume of 519,625. The firm has a market capitalization of $2.17 billion, a P/E ratio of 41.05 and a beta of 2.28. The Chefs' Warehouse, Inc. has a 12-month low of $31.96 and a 12-month high of $66.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30. The firm has a 50-day moving average of $56.41 and a 200 day moving average of $47.67.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, topping 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%. Equities research analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CHEF shares. BMO Capital Markets upped their target price on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research note on Thursday, February 13th. Benchmark boosted their price objective on shares of Chefs' Warehouse from $55.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Lake Street Capital increased 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. Jefferies Financial Group boosted their price target 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. Finally, UBS Group raised their price objective on Chefs' Warehouse from $60.00 to $69.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, Chefs' Warehouse 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.