ProShare Advisors LLC Reduces Holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

ProShare Advisors LLC lowered its holdings in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 23.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,425 shares of the company’s stock after selling 1,675 shares during the period. ProShare Advisors LLC’s holdings in Chefs’ Warehouse were worth $212,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Scout Investments Inc. purchased a new stake in Chefs’ Warehouse in the 4th quarter valued at approximately $6,715,000. Granahan Investment Management LLC lifted its position in shares of Chefs’ Warehouse by 138.5% in the fourth quarter. Granahan Investment Management LLC now owns 794,541 shares of the company’s stock valued at $23,383,000 after acquiring an additional 461,455 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Chefs’ Warehouse by 6.3% during the fourth quarter. Schroder Investment Management Group now owns 1,011,305 shares of the company’s stock valued at $29,763,000 after acquiring an additional 60,154 shares during the last quarter. Wasatch Advisors LP increased its position in Chefs’ Warehouse by 20.0% during the 4th quarter. Wasatch Advisors LP now owns 367,235 shares of the company’s stock worth $10,808,000 after purchasing an additional 61,250 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in Chefs’ Warehouse by 86.9% in the 1st quarter. Lazard Asset Management LLC now owns 159,061 shares of the company’s stock valued at $5,990,000 after purchasing an additional 73,964 shares during the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised their price target on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chefs’ Warehouse presently has an average rating of “Moderate Buy” and a consensus price target of $49.25.

Chefs’ Warehouse Stock Performance

NASDAQ CHEF opened at $40.20 on Friday. The business’s 50-day moving average price is $40.07 and its 200 day moving average price is $38.67. The company has a current ratio of 1.85, a quick ratio of 1.08 and a debt-to-equity ratio of 1.43. The Chefs’ Warehouse, Inc. has a twelve month low of $17.29 and a twelve month high of $44.58. The company has a market capitalization of $1.60 billion, a PE ratio of 46.21 and a beta of 2.32.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04. Chefs’ Warehouse had a net margin of 1.11% and a return on equity of 12.62%. The business had revenue of $954.70 million for the quarter, compared to analyst estimates of $945.34 million. During the same period in the prior year, the firm posted $0.35 EPS. The company’s revenue was up 8.3% on a year-over-year basis. On average, research analysts predict that The Chefs’ Warehouse, Inc. will post 1.43 earnings per share for the current year.

Insider Buying and Selling

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 10,000 shares of the business’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $42.50, for a total transaction of $425,000.00. Following the completion of the sale, the general counsel now owns 119,342 shares of the company’s stock, valued at approximately $5,072,035. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.90% of the company’s stock.

Chefs’ Warehouse Company 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.