The Chefs’ Warehouse, Inc. $CHEF Stock Holdings Cut by Schroder Investment Management Group

Schroder Investment Management Group cut its position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 9.8% during the 3rd quarter, Holdings Channel reports. The firm owned 328,750 shares of the company’s stock after selling 35,900 shares during the period. Schroder Investment Management Group’s holdings in Chefs’ Warehouse were worth $19,225,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Chefs’ Warehouse in the third quarter valued at $39,000. Osaic Holdings Inc. grew its holdings in Chefs’ Warehouse by 30.7% during the second quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock worth $51,000 after acquiring an additional 188 shares during the period. Strs Ohio acquired a new position in Chefs’ Warehouse during the first quarter worth about $98,000. CWM LLC raised its position in Chefs’ Warehouse by 255.4% in the third quarter. CWM LLC now owns 1,930 shares of the company’s stock worth $113,000 after acquiring an additional 1,387 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Chefs’ Warehouse by 23.0% in the third quarter. GAMMA Investing LLC now owns 1,991 shares of the company’s stock worth $116,000 after acquiring an additional 372 shares in the last quarter. Institutional investors own 91.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Zacks Research lowered shares of Chefs’ Warehouse from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. UBS Group boosted their target price on shares of Chefs’ Warehouse from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Wolfe Research set a $84.00 target price on shares of Chefs’ Warehouse in a research note on Thursday, February 12th. Weiss Ratings upgraded shares of Chefs’ Warehouse from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 27th. Finally, Benchmark reaffirmed a “buy” rating on shares of Chefs’ Warehouse in a report on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.67.

Chefs’ Warehouse Price Performance

Shares of NASDAQ:CHEF opened at $63.97 on Friday. The company’s fifty day moving average is $64.97 and its two-hundred day moving average is $62.47. The company has a market cap of $2.60 billion, a P/E ratio of 38.77 and a beta of 1.26. The Chefs’ Warehouse, Inc. has a 12-month low of $45.00 and a 12-month high of $73.94. The company has a quick ratio of 1.23, a current ratio of 2.05 and a debt-to-equity ratio of 1.19.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, February 11th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. Chefs’ Warehouse had a return on equity of 14.75% and a net margin of 1.74%.The business had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm posted $0.55 earnings per share. Chefs’ Warehouse’s revenue was up 10.5% compared to the same quarter last year. Equities analysts expect that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 29,500 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $71.22, for a total transaction of $2,100,990.00. Following the completion of the sale, the general counsel directly owned 72,017 shares in the company, valued at approximately $5,129,050.74. This trade represents a 29.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Christina Polychroni sold 3,317 shares of the firm’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $65.45, for a total value of $217,097.65. Following the sale, the insider owned 30,141 shares of the company’s stock, valued at $1,972,728.45. The trade was a 9.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 139,309 shares of company stock valued at $9,060,197 in the last 90 days. Insiders own 11.90% of the company’s stock.

Chefs’ Warehouse Profile

Chefs’ Warehouse, Inc is a specialty food distributor that supplies a broad range of high‐end ingredients and culinary products to professional chefs, restaurants, hotels, and other foodservice operators. Headquartered in Maspeth, New York, the company sources its portfolio from local artisans, boutique producers and leading global suppliers. Its core offerings include fresh and frozen proteins, specialty cuts of meat and seafood, handcrafted cheeses and charcuterie, seasonal produce, value‐added preparations, pantry staples and premium desserts and beverages.

The company operates a network of distribution centers strategically located in major metropolitan markets across North America.