State Street Corp boosted its position in shares of Chefs’ Warehouse Inc (NASDAQ:CHEF) by 7.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 344,769 shares of the company’s stock after acquiring an additional 23,492 shares during the quarter. State Street Corp owned 1.31% of Chefs’ Warehouse worth $4,486,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of CHEF. Alliancebernstein L.P. boosted its stake in shares of Chefs’ Warehouse by 30.1% in the second quarter. Alliancebernstein L.P. now owns 1,860,303 shares of the company’s stock worth $24,184,000 after acquiring an additional 430,943 shares during the period. Vanguard Group Inc. boosted its stake in shares of Chefs’ Warehouse by 5.3% in the second quarter. Vanguard Group Inc. now owns 1,021,737 shares of the company’s stock worth $13,282,000 after acquiring an additional 51,879 shares during the period. Dimensional Fund Advisors LP boosted its stake in Chefs’ Warehouse by 18.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,008,855 shares of the company’s stock valued at $13,115,000 after buying an additional 158,345 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Chefs’ Warehouse by 1.7% during the second quarter. Wells Fargo & Company MN now owns 455,020 shares of the company’s stock valued at $5,915,000 after buying an additional 7,412 shares during the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its stake in Chefs’ Warehouse by 2.3% during the second quarter. Eagle Boston Investment Management Inc. now owns 370,509 shares of the company’s stock valued at $4,816,000 after buying an additional 8,164 shares during the last quarter. Institutional investors own 78.18% of the company’s stock.
CHEF has been the subject of a number of research reports. Zacks Investment Research lowered Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Canaccord Genuity reissued a “buy” rating and set a $22.00 price target on shares of Chefs’ Warehouse in a research note on Thursday, November 9th. TheStreet upgraded Chefs’ Warehouse from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Jefferies Group set a $20.00 price objective on Chefs’ Warehouse and gave the company a “buy” rating in a research report on Friday, August 25th. Finally, Loop Capital upped their price objective on Chefs’ Warehouse from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $19.67.
Shares of Chefs’ Warehouse Inc (CHEF) traded up $0.25 during midday trading on Friday, hitting $20.85. The stock had a trading volume of 78,600 shares, compared to its average volume of 173,376. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.31 and a current ratio of 2.26. Chefs’ Warehouse Inc has a 12-month low of $11.85 and a 12-month high of $21.90. The stock has a market capitalization of $547.22, a P/E ratio of 39.34, a price-to-earnings-growth ratio of 2.63 and a beta of 1.09.
Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Chefs’ Warehouse had a return on equity of 5.08% and a net margin of 1.09%. The firm had revenue of $325.08 million for the quarter, compared to the consensus estimate of $322.78 million. During the same period in the prior year, the business posted $0.07 earnings per share. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. research analysts expect that Chefs’ Warehouse Inc will post 0.41 EPS for the current year.
About Chefs’ Warehouse
The Chefs’ Warehouse, Inc is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada.