Comerica Bank grew its position in shares of Chefs’ Warehouse Inc (NASDAQ:CHEF) by 38.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 70,709 shares of the company’s stock after purchasing an additional 19,516 shares during the quarter. Comerica Bank owned approximately 0.24% of Chefs’ Warehouse worth $2,648,000 as of its most recent filing with the SEC.
Other hedge funds have also recently modified their holdings of the company. Squar Milner Financial Services LLC grew its holdings in shares of Chefs’ Warehouse by 879.1% during the third quarter. Squar Milner Financial Services LLC now owns 891 shares of the company’s stock worth $35,000 after buying an additional 800 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Chefs’ Warehouse during the second quarter worth about $45,000. Aperio Group LLC purchased a new position in shares of Chefs’ Warehouse during the second quarter worth about $74,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Chefs’ Warehouse by 75.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the company’s stock worth $133,000 after buying an additional 1,635 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Chefs’ Warehouse by 25.0% during the second quarter. JPMorgan Chase & Co. now owns 6,632 shares of the company’s stock worth $225,000 after buying an additional 1,327 shares during the last quarter. 85.65% of the stock is currently owned by institutional investors.
In other news, Vice Chairman John Pappas sold 44,757 shares of Chefs’ Warehouse stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $36.61, for a total transaction of $1,638,553.77. Following the completion of the sale, the insider now directly owns 1,359,358 shares in the company, valued at approximately $49,766,096.38. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 15.90% of the stock is currently owned by company insiders.
NASDAQ:CHEF traded up $0.49 during mid-day trading on Wednesday, reaching $35.63. The stock had a trading volume of 345,085 shares, compared to its average volume of 275,165. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.47 and a current ratio of 2.35. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 45.68, a PEG ratio of 2.39 and a beta of 0.72. Chefs’ Warehouse Inc has a twelve month low of $29.56 and a twelve month high of $42.06. The business has a 50 day simple moving average of $35.72 and a 200 day simple moving average of $36.08.
Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.23 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $396.90 million during the quarter, compared to analyst estimates of $396.42 million. During the same quarter in the previous year, the business earned $0.19 EPS. Chefs’ Warehouse’s revenue for the quarter was up 9.8% on a year-over-year basis. As a group, sell-side analysts expect that Chefs’ Warehouse Inc will post 0.99 earnings per share for the current year.
A number of research firms recently issued reports on CHEF. Zacks Investment Research lowered Chefs’ Warehouse from a “hold” rating to a “sell” rating in a report on Tuesday. ValuEngine raised Chefs’ Warehouse from a “hold” rating to a “buy” rating in a report on Thursday, October 31st. CL King started coverage on shares of Chefs’ Warehouse in a research report on Monday, November 11th. They issued a “buy” rating and a $41.00 price objective for the company. Finally, BidaskClub upgraded shares of Chefs’ Warehouse from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $37.77.
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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