Great Lakes Advisors LLC Has $5.50 Million Stock Holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Great Lakes Advisors LLC trimmed its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 3.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 111,511 shares of the company’s stock after selling 3,794 shares during the quarter. Great Lakes Advisors LLC owned approximately 0.28% of Chefs’ Warehouse worth $5,500,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CHEF. Wellington Management Group LLP raised its stake in Chefs’ Warehouse by 3.1% in the third quarter. Wellington Management Group LLP now owns 834,386 shares of the company’s stock valued at $35,053,000 after buying an additional 24,987 shares during the period. Bank of New York Mellon Corp raised its stake in Chefs’ Warehouse by 118.7% in the 4th quarter. Bank of New York Mellon Corp now owns 512,830 shares of the company’s stock valued at $25,293,000 after acquiring an additional 278,295 shares during the period. Victory Capital Management Inc. raised its stake in Chefs’ Warehouse by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 502,415 shares of the company’s stock valued at $21,106,000 after acquiring an additional 6,070 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Chefs’ Warehouse by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 464,391 shares of the company’s stock valued at $22,904,000 after purchasing an additional 9,299 shares during the last quarter. Finally, TimesSquare Capital Management LLC bought a new position in Chefs’ Warehouse during the fourth quarter worth $19,493,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Chefs’ Warehouse Stock Down 2.2 %

NASDAQ CHEF opened at $52.11 on Friday. 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 company has a market cap of $2.10 billion, a price-to-earnings ratio of 39.78 and a beta of 2.28. The company has a 50 day moving average of $56.49 and a 200-day moving average of $47.71. 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 announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04. Chefs’ Warehouse had a return on equity of 12.90% and a net margin of 1.46%. On average, equities research analysts expect that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.