The Chefs’ Warehouse, Inc. (CHEF) Shares Bought by Neuberger Berman Group LLC

Neuberger Berman Group LLC raised its holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 5.4% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 80,302 shares of the company’s stock after buying an additional 4,135 shares during the quarter. Neuberger Berman Group LLC owned 0.30% of The Chefs’ Warehouse worth $1,044,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. grew its holdings in The Chefs’ Warehouse by 0.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 69,210 shares of the company’s stock valued at $900,000 after buying an additional 456 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in The Chefs’ Warehouse by 0.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 71,628 shares of the company’s stock valued at $931,000 after buying an additional 554 shares during the last quarter. American International Group Inc. grew its holdings in The Chefs’ Warehouse by 7.1% in the 1st quarter. American International Group Inc. now owns 11,917 shares of the company’s stock valued at $166,000 after buying an additional 791 shares during the last quarter. Nationwide Fund Advisors grew its holdings in The Chefs’ Warehouse by 6.7% in the 1st quarter. Nationwide Fund Advisors now owns 14,468 shares of the company’s stock valued at $201,000 after buying an additional 906 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in The Chefs’ Warehouse by 8.2% in the 2nd quarter. Rhumbline Advisers now owns 21,000 shares of the company’s stock valued at $273,000 after buying an additional 1,595 shares during the last quarter. 78.01% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms have issued reports on CHEF. Canaccord Genuity reaffirmed a “buy” rating and issued a $19.00 target price (up previously from $18.00) on shares of The Chefs’ Warehouse in a report on Friday, August 11th. BidaskClub raised The Chefs’ Warehouse from a “hold” rating to a “buy” rating in a report on Thursday, August 10th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $18.00 target price (up previously from $16.00) on shares of The Chefs’ Warehouse in a report on Thursday, August 10th. Zacks Investment Research raised The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Friday, August 11th. Finally, ValuEngine raised The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with 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 a consensus target price of $18.17.

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) opened at 18.10 on Tuesday. The firm has a market cap of $477.12 million, a price-to-earnings ratio of 37.55 and a beta of 1.11. The Chefs’ Warehouse, Inc. has a one year low of $10.71 and a one year high of $18.30. The stock’s 50 day moving average price is $16.67 and its 200 day moving average price is $14.77.

The Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, August 9th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.02. The business had revenue of $331.70 million for the quarter, compared to the consensus estimate of $325.16 million. The Chefs’ Warehouse had a return on equity of 4.56% and a net margin of 0.99%. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.15 earnings per share. On average, equities analysts anticipate that The Chefs’ Warehouse, Inc. will post $0.41 earnings per share for the current fiscal year.

About The 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.

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

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