Rhumbline Advisers increased its position in Chefs’ Warehouse Inc (NASDAQ:CHEF) by 4.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 73,725 shares of the company’s stock after purchasing an additional 3,121 shares during the period. Rhumbline Advisers’ holdings in Chefs’ Warehouse were worth $2,973,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of CHEF. CAPROCK Group Inc. acquired a new position in Chefs’ Warehouse in the 2nd quarter worth approximately $251,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Chefs’ Warehouse during the 2nd quarter valued at $487,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Chefs’ Warehouse by 75.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the company’s stock valued at $133,000 after purchasing an additional 1,635 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Chefs’ Warehouse in the 2nd quarter valued at $2,234,000. Finally, AGF Investments Inc. lifted its stake in shares of Chefs’ Warehouse by 44.1% in the 2nd quarter. AGF Investments Inc. now owns 310,784 shares of the company’s stock valued at $10,899,000 after purchasing an additional 95,184 shares during the last quarter. 83.01% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently issued reports on the stock. BidaskClub lowered shares of Chefs’ Warehouse from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 8th. CL King assumed coverage on shares of Chefs’ Warehouse in a research note on Monday. They issued a “buy” rating and a $41.00 price objective for the company. ValuEngine raised shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research note on Thursday, October 31st. Finally, Zacks Investment Research raised shares of Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $37.77.
In related news, Vice Chairman John Pappas sold 44,757 shares of Chefs’ Warehouse stock in a transaction on Monday, October 7th. The shares were sold at an average price of $36.61, for a total value of $1,638,553.77. Following the transaction, the insider now owns 1,359,358 shares in the company, valued at approximately $49,766,096.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 15.90% of the company’s stock.
Shares of CHEF stock traded up $0.35 on Tuesday, hitting $35.74. The company’s stock had a trading volume of 1,057 shares, compared to its average volume of 192,143. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.35 and a quick ratio of 1.47. Chefs’ Warehouse Inc has a fifty-two week low of $29.56 and a fifty-two week high of $42.06. The firm’s fifty day moving average price is $37.27 and its 200-day moving average price is $35.88. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 45.86, a P/E/G ratio of 2.35 and a beta of 0.69.
Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.02). Chefs’ Warehouse had a net margin of 1.42% and a return on equity of 8.79%. The business had revenue of $396.90 million during the quarter, compared to analyst estimates of $396.42 million. During the same period in the previous year, the firm posted $0.19 EPS. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. Analysts predict that Chefs’ Warehouse Inc will post 0.99 EPS for the current fiscal year.
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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