New York State Common Retirement Fund lowered its position in shares of Chefs’ Warehouse Inc (NASDAQ:CHEF) by 2.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,377 shares of the company’s stock after selling 1,208 shares during the quarter. New York State Common Retirement Fund’s holdings in Chefs’ Warehouse were worth $1,387,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHEF. Citadel Advisors LLC acquired a new stake in shares of Chefs’ Warehouse during the third quarter worth $218,000. State of Alaska Department of Revenue acquired a new stake in shares of Chefs’ Warehouse during the fourth quarter worth $246,000. Louisiana State Employees Retirement System acquired a new stake in shares of Chefs’ Warehouse during the fourth quarter worth $278,000. Oregon Public Employees Retirement Fund acquired a new stake in shares of Chefs’ Warehouse during the fourth quarter worth $281,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Chefs’ Warehouse during the third quarter worth $322,000. 83.67% of the stock is owned by institutional investors.

A number of equities research analysts have recently weighed in on the company. ValuEngine downgraded Chefs’ Warehouse from a “strong-buy” rating to a “buy” rating in a research note on Thursday, March 21st. Zacks Investment Research downgraded Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research note on Monday, February 18th. Finally, BidaskClub raised Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $32.67.

NASDAQ:CHEF opened at $30.16 on Tuesday. The stock has a market cap of $908.64 million, a PE ratio of 38.67, a PEG ratio of 1.65 and a beta of 0.82. The company has a current ratio of 2.62, a quick ratio of 1.72 and a debt-to-equity ratio of 0.90. Chefs’ Warehouse Inc has a 1-year low of $21.25 and a 1-year high of $39.26.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The firm had revenue of $394.07 million for the quarter, compared to analysts’ expectations of $384.54 million. Chefs’ Warehouse had a return on equity of 8.22% and a net margin of 1.41%. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 EPS. As a group, sell-side analysts anticipate that Chefs’ Warehouse Inc will post 0.97 earnings per share for the current year.

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 8,632 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $31.05, for a total value of $268,023.60. Following the completion of the transaction, the general counsel now owns 48,290 shares in the company, valued at approximately $1,499,404.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patricia Lecouras sold 2,500 shares of the company’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $36.07, for a total value of $90,175.00. Following the completion of the transaction, the insider now owns 41,561 shares of the company’s stock, valued at approximately $1,499,105.27. The disclosure for this sale can be found here. 20.60% of the stock is owned by corporate insiders.

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Chefs’ Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

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Institutional Ownership by Quarter for Chefs` Warehouse (NASDAQ:CHEF)

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