Yousif Capital Management LLC Sells 493 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Yousif Capital Management LLC lessened its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 3.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,064 shares of the company’s stock after selling 493 shares during the period. Yousif Capital Management LLC’s holdings in Chefs’ Warehouse were worth $644,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its stake in shares of Chefs’ Warehouse by 24.6% in the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock valued at $59,000 after acquiring an additional 237 shares during the last quarter. KBC Group NV lifted its stake in shares of Chefs’ Warehouse by 67.1% in the 4th quarter. KBC Group NV now owns 2,100 shares of the company’s stock valued at $104,000 after acquiring an additional 843 shares during the last quarter. iSAM Funds UK Ltd purchased a new position in Chefs’ Warehouse during the 3rd quarter valued at about $225,000. FMR LLC increased its holdings in Chefs’ Warehouse by 95.0% during the 3rd quarter. FMR LLC now owns 5,890 shares of the company’s stock valued at $247,000 after purchasing an additional 2,870 shares during the period. Finally, Verdence Capital Advisors LLC increased its holdings in Chefs’ Warehouse by 7.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company’s stock valued at $284,000 after purchasing an additional 481 shares during the period. Institutional investors own 91.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CHEF shares. BMO Capital Markets boosted their price target on Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a report on Thursday. Lake Street Capital boosted their price target on Chefs’ Warehouse from $60.00 to $68.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group boosted their price target on Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, January 15th. Benchmark boosted their price target on Chefs’ Warehouse from $55.00 to $68.00 and gave the company a “buy” rating in a report on Thursday. Finally, UBS Group upped their target price on Chefs’ Warehouse from $60.00 to $69.00 and gave the stock a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.60.

Insider Activity

In related news, General Counsel Alexandros Aldous sold 5,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the completion of the transaction, the general counsel now owns 114,342 shares of the company’s stock, valued at approximately $5,145,390. This trade represents a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO James Leddy sold 4,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $48.85, for a total transaction of $195,400.00. Following the completion of the sale, the chief financial officer now directly owns 145,589 shares of the company’s stock, valued at approximately $7,112,022.65. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.90% of the company’s stock.

Chefs’ Warehouse Price Performance

NASDAQ CHEF opened at $65.30 on Monday. The business’s fifty day moving average price is $51.94 and its 200-day moving average price is $44.85. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 57.28 and a beta of 2.29. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06. The Chefs’ Warehouse, Inc. has a 1-year low of $31.96 and a 1-year high of $65.43.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Chefs’ Warehouse had a return on equity of 12.67% and a net margin of 1.28%. On average, equities analysts predict that The Chefs’ Warehouse, Inc. will post 1.43 earnings per share for the current 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.