Lazard Asset Management LLC Has $9.65 Million Stock Holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Lazard Asset Management LLC lessened its holdings in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 26.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 195,565 shares of the company’s stock after selling 69,560 shares during the period. Lazard Asset Management LLC owned approximately 0.49% of Chefs’ Warehouse worth $9,645,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. New Age Alpha Advisors LLC acquired a new position in Chefs’ Warehouse in the 4th quarter valued at approximately $2,849,000. 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 acquiring an additional 278,295 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Chefs’ Warehouse in the 4th quarter valued at approximately $589,000. Envestnet Asset Management Inc. acquired a new position in Chefs’ Warehouse in the 4th quarter valued at approximately $224,000. Finally, Hsbc Holdings PLC acquired a new position in Chefs’ Warehouse in the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on CHEF shares. Lake Street Capital upped their price target on Chefs’ Warehouse from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, February 13th. UBS Group upped their price target on Chefs’ Warehouse from $67.00 to $68.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Jefferies Financial Group increased their target price on Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Benchmark reissued a “buy” rating and issued a $68.00 target price on shares of Chefs’ Warehouse in a report on Monday, March 17th. Finally, BMO Capital Markets increased their target price on Chefs’ Warehouse from $60.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, February 13th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $67.40.

Chefs’ Warehouse Trading Up 3.7%

Shares of CHEF opened at $63.53 on Thursday. The Chefs’ Warehouse, Inc. has a 1 year low of $35.59 and a 1 year high of $66.51. 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 stock has a 50 day simple moving average of $54.56 and a 200-day simple moving average of $52.13. The stock has a market cap of $2.58 billion, a PE ratio of 48.50 and a beta of 1.76.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. Chefs’ Warehouse had a return on equity of 12.90% and a net margin of 1.46%. The business had revenue of $950.75 million during the quarter, compared to analysts’ expectations of $927.34 million. During the same period in the prior year, the firm posted $0.15 EPS. Chefs’ Warehouse’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, sell-side analysts predict that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

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.