Chefs’ Warehouse Inc (CHEF) Stake Decreased by Chicago Equity Partners LLC

Chicago Equity Partners LLC cut its holdings in shares of Chefs’ Warehouse Inc (NASDAQ:CHEF) by 62.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,295 shares of the company’s stock after selling 17,200 shares during the period. Chicago Equity Partners LLC’s holdings in Chefs’ Warehouse were worth $329,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. BlackRock Inc. grew its stake in shares of Chefs’ Warehouse by 47.2% during the third quarter. BlackRock Inc. now owns 2,174,707 shares of the company’s stock valued at $79,050,000 after acquiring an additional 697,526 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in shares of Chefs’ Warehouse by 44.6% during the third quarter. Conestoga Capital Advisors LLC now owns 1,708,567 shares of the company’s stock valued at $62,106,000 after acquiring an additional 526,660 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Chefs’ Warehouse by 2.2% during the third quarter. Dimensional Fund Advisors LP now owns 1,506,053 shares of the company’s stock valued at $54,746,000 after acquiring an additional 32,378 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Chefs’ Warehouse by 6.9% during the third quarter. Vanguard Group Inc now owns 1,292,698 shares of the company’s stock valued at $46,990,000 after acquiring an additional 83,726 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Chefs’ Warehouse by 6.9% during the third quarter. Vanguard Group Inc. now owns 1,292,698 shares of the company’s stock valued at $46,990,000 after acquiring an additional 83,726 shares in the last quarter. Institutional investors own 80.59% of the company’s stock.

Several analysts have recently weighed in on CHEF shares. BidaskClub upgraded Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research note on Wednesday, January 16th. Loop Capital restated a “buy” rating and set a $39.00 target price on shares of Chefs’ Warehouse in a research note on Friday, November 2nd. Finally, Zacks Investment Research downgraded Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Chefs’ Warehouse currently has a consensus rating of “Buy” and a consensus target price of $32.67.

In related news, Director John A. Couri sold 9,000 shares of Chefs’ Warehouse stock in a transaction dated Friday, November 23rd. The stock was sold at an average price of $36.01, for a total value of $324,090.00. Following the completion of the transaction, the director now directly owns 16,007 shares in the company, valued at $576,412.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patricia Lecouras sold 2,500 shares of Chefs’ Warehouse stock in a transaction dated Wednesday, February 13th. The stock was 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 $1,499,105.27. The disclosure for this sale can be found here. 20.60% of the stock is currently owned by company insiders.

NASDAQ:CHEF opened at $32.86 on Thursday. The stock has a market capitalization of $1.03 billion, a P/E ratio of 42.33, a PEG ratio of 1.85 and a beta of 0.80. Chefs’ Warehouse Inc has a one year low of $20.40 and a one year high of $39.26. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.62 and a quick ratio of 1.72.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Wednesday, February 13th. The company reported $0.32 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.32. The business had revenue of $394.07 million during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.23 earnings per share. On average, analysts predict that Chefs’ Warehouse Inc will post 0.97 EPS for the current year.

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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 48,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

See Also: Capital Gains

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

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