M&T Bank Corp lifted its stake in shares of Chefs’ Warehouse Inc (NASDAQ:CHEF) by 7.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,456 shares of the company’s stock after acquiring an additional 1,569 shares during the period. M&T Bank Corp owned 0.08% of Chefs’ Warehouse worth $822,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. State Board of Administration of Florida Retirement System grew its holdings in Chefs’ Warehouse by 4.9% in the second quarter. State Board of Administration of Florida Retirement System now owns 11,411 shares of the company’s stock valued at $400,000 after purchasing an additional 530 shares during the period. Texas Permanent School Fund boosted its holdings in shares of Chefs’ Warehouse by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 15,669 shares of the company’s stock valued at $487,000 after purchasing an additional 568 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Chefs’ Warehouse by 57.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,160 shares of the company’s stock valued at $67,000 after purchasing an additional 784 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in shares of Chefs’ Warehouse during the 2nd quarter valued at $45,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Chefs’ Warehouse by 25.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,632 shares of the company’s stock valued at $225,000 after buying an additional 1,327 shares during the period. Institutional investors and hedge funds own 83.76% of the company’s stock.
CHEF traded up $0.85 on Wednesday, reaching $39.70. 6,239 shares of the company’s stock were exchanged, compared to its average volume of 145,179. The company’s 50 day moving average is $37.59 and its 200-day moving average is $33.96. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 50.31, a PEG ratio of 2.56 and a beta of 0.78. Chefs’ Warehouse Inc has a twelve month low of $29.56 and a twelve month high of $39.60. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.40 and a current ratio of 2.28.
Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. The firm had revenue of $411.40 million for the quarter, compared to analyst estimates of $410.13 million. Chefs’ Warehouse had a net margin of 1.44% and a return on equity of 8.55%. Chefs’ Warehouse’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. Sell-side analysts forecast that Chefs’ Warehouse Inc will post 1.01 EPS for the current year.
A number of research firms have recently commented on CHEF. Zacks Investment Research downgraded Chefs’ Warehouse from a “hold” rating to a “sell” rating in a report on Monday, September 2nd. TheStreet upgraded Chefs’ Warehouse from a “c+” rating to a “b-” rating in a report on Friday, July 5th. Finally, BidaskClub downgraded Chefs’ Warehouse from a “strong-buy” rating to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $37.10.
Chefs’ Warehouse 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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