The Chefs’ Warehouse, Inc. $CHEF Shares Sold by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC lowered its holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 8.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,072 shares of the company’s stock after selling 7,389 shares during the period. Aristotle Capital Boston LLC owned about 0.19% of Chefs’ Warehouse worth $4,804,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. AQR Capital Management LLC acquired a new stake in shares of Chefs’ Warehouse during the first quarter worth $352,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Chefs’ Warehouse by 6.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,152 shares of the company’s stock worth $1,152,000 after purchasing an additional 1,247 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Chefs’ Warehouse by 50.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 130,382 shares of the company’s stock worth $7,101,000 after purchasing an additional 43,593 shares during the period. Strs Ohio acquired a new stake in shares of Chefs’ Warehouse during the first quarter worth $98,000. Finally, Marshall Wace LLP acquired a new stake in shares of Chefs’ Warehouse during the second quarter worth $243,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Trading Down 0.8%

Shares of NASDAQ CHEF opened at $92.37 on Thursday. The Chefs’ Warehouse, Inc. has a one year low of $53.20 and a one year high of $95.16. The firm has a market capitalization of $3.77 billion, a PE ratio of 51.32 and a beta of 1.44. The company has a current ratio of 2.18, a quick ratio of 1.33 and a debt-to-equity ratio of 1.18. The business has a 50-day moving average price of $75.68 and a two-hundred day moving average price of $67.66.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.17. Chefs’ Warehouse had a return on equity of 15.54% and a net margin of 1.87%.The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the company posted $0.25 EPS. The business’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, analysts predict that The Chefs’ Warehouse, Inc. will post 2.37 earnings per share for the current fiscal year.

Insider Transactions at Chefs’ Warehouse

In other Chefs’ Warehouse news, insider Christina Polychroni sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $79.21, for a total transaction of $356,445.00. Following the completion of the sale, the insider directly owned 24,642 shares in the company, valued at approximately $1,951,892.82. This trade represents a 15.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Christopher Pappas sold 125,000 shares of the company’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $78.00, for a total value of $9,750,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,189,453 shares in the company, valued at approximately $170,777,334. The trade was a 5.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 11.10% of the company’s stock.

Wall Street Analyst Weigh In

CHEF has been the topic of a number of recent analyst reports. UBS Group cut their target price on Chefs’ Warehouse from $83.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Morgan Stanley reaffirmed an “overweight” rating and set a $83.00 target price on shares of Chefs’ Warehouse in a research report on Thursday, April 30th. Benchmark boosted their target price on Chefs’ Warehouse from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. BTIG Research boosted their target price on Chefs’ Warehouse from $82.00 to $100.00 and gave the stock a “buy” rating in a research report on Thursday, June 11th. Finally, Zacks Research raised Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $83.83.

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.