Prudential Financial Inc. Sells 950 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Prudential Financial Inc. cut its holdings in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,912 shares of the company’s stock after selling 950 shares during the period. Prudential Financial Inc. owned about 0.09% of Chefs’ Warehouse worth $1,722,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its stake in shares of Chefs’ Warehouse by 303.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 593 shares of the company’s stock valued at $29,000 after acquiring an additional 446 shares during the last quarter. GAMMA Investing LLC raised its position in Chefs’ Warehouse by 24.6% during the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock worth $59,000 after purchasing an additional 237 shares during the last quarter. KBC Group NV lifted its holdings in Chefs’ Warehouse by 67.1% during the 4th quarter. KBC Group NV now owns 2,100 shares of the company’s stock worth $104,000 after buying an additional 843 shares during the period. iSAM Funds UK Ltd bought a new stake in shares of Chefs’ Warehouse in the 3rd quarter valued at about $225,000. Finally, FMR LLC increased its stake in shares of Chefs’ Warehouse by 95.0% in the third quarter. FMR LLC now owns 5,890 shares of the company’s stock valued at $247,000 after buying an additional 2,870 shares during the period. 91.55% of the stock is owned by institutional investors.

Chefs’ Warehouse Trading Down 3.6 %

CHEF opened at $50.00 on Friday. The company has a market cap of $2.05 billion, a P/E ratio of 38.17 and a beta of 1.89. The company has a fifty day moving average price of $56.96 and a two-hundred day moving average price of $49.13. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28. The Chefs’ Warehouse, Inc. has a 1-year low of $31.96 and a 1-year high of $66.51.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, topping 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%. Analysts predict that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on CHEF. UBS Group upped their target price on Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Jefferies Financial Group lifted their target price on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets upped their price target on shares of Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Benchmark reissued a “buy” rating and issued a $68.00 price objective on shares of Chefs’ Warehouse in a research report on Monday, March 17th. Finally, Lake Street Capital upped their target price 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 equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Chefs’ Warehouse has a consensus rating of “Moderate Buy” and an average price target of $67.60.

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.