Stephens Investment Management Group LLC Sells 135,262 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Stephens Investment Management Group LLC reduced its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 39.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 210,234 shares of the company’s stock after selling 135,262 shares during the period. Stephens Investment Management Group LLC’s holdings in Chefs’ Warehouse were worth $8,832,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. New York State Teachers Retirement System boosted its position in shares of Chefs’ Warehouse by 1.6% in the 3rd quarter. New York State Teachers Retirement System now owns 41,742 shares of the company’s stock worth $1,754,000 after purchasing an additional 640 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Chefs’ Warehouse in the 3rd quarter worth $5,290,000. ORG Wealth Partners LLC bought a new position in shares of Chefs’ Warehouse in the 3rd quarter worth $130,000. SG Americas Securities LLC bought a new position in shares of Chefs’ Warehouse in the 3rd quarter worth $986,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Chefs’ Warehouse during the second quarter worth about $55,000. 91.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CHEF. BMO Capital Markets lifted their target price on Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday. Jefferies Financial Group lifted their target price on Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $50.50.

Chefs’ Warehouse Stock Performance

CHEF opened at $39.94 on Friday. The business’s 50-day moving average price is $40.70 and its two-hundred day moving average price is $39.27. The Chefs’ Warehouse, Inc. has a 1 year low of $21.87 and a 1 year high of $44.58. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 35.04 and a beta of 2.32. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.08.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. Chefs’ Warehouse had a return on equity of 12.67% and a net margin of 1.28%. The firm had revenue of $931.45 million for the quarter, compared to the consensus estimate of $934.29 million. Equities analysts expect that The Chefs’ Warehouse, Inc. will post 1.43 EPS for the current fiscal year.

About Chefs’ Warehouse

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.