Rhumbline Advisers Sells 7,664 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Rhumbline Advisers lessened its position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,380 shares of the company’s stock after selling 7,664 shares during the period. Rhumbline Advisers owned approximately 0.24% of Chefs’ Warehouse worth $4,605,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of CHEF. International Assets Investment Management LLC bought a new stake in shares of Chefs’ Warehouse in the 3rd quarter valued at about $5,290,000. New York State Teachers Retirement System grew its position in 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 in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Chefs’ Warehouse by 33.9% during the third quarter. Harbor Capital Advisors Inc. now owns 126,232 shares of the company’s stock worth $5,303,000 after acquiring an additional 31,968 shares during the period. Principal Financial Group Inc. grew its position in Chefs’ Warehouse by 1.3% during the third quarter. Principal Financial Group Inc. now owns 178,080 shares of the company’s stock valued at $7,481,000 after buying an additional 2,218 shares during the period. Finally, Verdence Capital Advisors LLC raised its holdings in shares of Chefs’ Warehouse by 7.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company’s stock worth $284,000 after purchasing an additional 481 shares during the period. 91.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CFO James Leddy sold 4,000 shares of the 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 transaction, the chief financial officer now owns 145,589 shares of the company’s stock, valued at approximately $7,112,022.65. This represents a 2.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 11.90% of the company’s stock.

Chefs’ Warehouse Price Performance

Shares of CHEF stock opened at $61.94 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04. The Chefs’ Warehouse, Inc. has a fifty-two week low of $31.96 and a fifty-two week high of $66.51. The stock’s 50-day simple moving average is $54.80 and its 200-day simple moving average is $46.42. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 47.28 and a beta of 2.29.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04. Chefs’ Warehouse had a return on equity of 12.90% and a net margin of 1.46%. As a group, equities analysts forecast that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. UBS Group boosted their price target on shares of Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Jefferies Financial Group upped their target price on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. BMO Capital Markets upped their price objective on shares of Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a research note on Thursday, February 13th. Benchmark increased their target price on shares of Chefs’ Warehouse from $55.00 to $68.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Finally, Lake Street Capital lifted their price target on Chefs’ Warehouse from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.60.

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.