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

Schroder Investment Management Group lowered its position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 17.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 468,868 shares of the company’s stock after selling 95,809 shares during the period. Schroder Investment Management Group’s holdings in Chefs’ Warehouse were worth $23,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Pictet Asset Management Holding SA acquired a new stake in Chefs’ Warehouse during the fourth quarter worth $20,374,000. TimesSquare Capital Management LLC acquired a new stake in shares of Chefs’ Warehouse during the 4th quarter worth about $19,493,000. Bank of New York Mellon Corp raised its holdings in Chefs’ Warehouse by 118.7% in the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company’s stock valued at $25,293,000 after buying an additional 278,295 shares during the period. Raymond James Financial Inc. purchased a new stake in Chefs’ Warehouse in the 4th quarter valued at about $11,010,000. Finally, WCM Investment Management LLC lifted its position in Chefs’ Warehouse by 92.9% in the fourth quarter. WCM Investment Management LLC now owns 354,333 shares of the company’s stock valued at $17,362,000 after buying an additional 170,600 shares during the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Stock Up 0.8 %

Shares of NASDAQ CHEF opened at $55.61 on Thursday. The Chefs’ Warehouse, Inc. has a 12-month low of $31.96 and a 12-month high of $66.51. The stock has a market cap of $2.28 billion, a P/E ratio of 42.45 and a beta of 1.89. 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’s fifty day simple moving average is $57.07 and its 200-day simple moving average is $48.99.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly 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 return on equity of 12.90% and a net margin of 1.46%. As a group, equities analysts predict that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Benchmark reissued a “buy” rating and issued a $68.00 price target on shares of Chefs’ Warehouse in a research note on Monday, March 17th. Lake Street Capital boosted their target price on Chefs’ Warehouse from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Jefferies Financial Group raised their price target on Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. UBS Group boosted their price objective on Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Finally, BMO Capital Markets raised their target price on Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $67.60.

Chefs’ Warehouse 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.