Select Equity Group L.P. Sells 4,972 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Select Equity Group L.P. trimmed its holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 6.4% in the 4th quarter, HoldingsChannel reports. The firm owned 72,487 shares of the company’s stock after selling 4,972 shares during the quarter. Select Equity Group L.P.’s holdings in Chefs’ Warehouse were worth $3,575,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC boosted its stake in Chefs’ Warehouse by 303.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 593 shares of the company’s stock worth $29,000 after purchasing an additional 446 shares during the period. Swiss National Bank boosted its stake in Chefs’ Warehouse by 0.9% in the 4th quarter. Swiss National Bank now owns 70,500 shares of the company’s stock worth $3,477,000 after purchasing an additional 600 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Chefs’ Warehouse by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,905 shares of the company’s stock worth $982,000 after purchasing an additional 755 shares during the period. KBC Group NV boosted its stake in Chefs’ Warehouse by 67.1% in the 4th quarter. KBC Group NV now owns 2,100 shares of the company’s stock worth $104,000 after purchasing an additional 843 shares during the period. Finally, Captrust Financial Advisors boosted its stake in Chefs’ Warehouse by 21.3% in the 4th quarter. Captrust Financial Advisors now owns 6,122 shares of the company’s stock worth $302,000 after purchasing an additional 1,077 shares during the period. 91.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CHEF shares. Lake Street Capital upped their price target on Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. UBS Group upped their price objective on Chefs’ Warehouse from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Benchmark reaffirmed a “buy” rating and set a $68.00 price objective on shares of Chefs’ Warehouse in a report on Monday, March 17th. Finally, BMO Capital Markets upped their price objective 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, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $67.40.

Chefs’ Warehouse Stock Up 1.7%

Shares of CHEF opened at $65.11 on Friday. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 49.70 and a beta of 1.76. The Chefs’ Warehouse, Inc. has a 1 year low of $35.59 and a 1 year high of $66.51. The business’s 50 day simple moving average is $55.03 and its 200-day simple moving average is $52.45. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. Chefs’ Warehouse had a return on equity of 12.90% and a net margin of 1.46%. The company had revenue of $950.75 million for the quarter, compared to analyst estimates of $927.34 million. During the same quarter 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. As a group, equities analysts expect that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share 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.