The Chefs' Warehouse, Inc. (CHEF) Hits a 52-Week High

Paterniano Del Favero
Agosto 13, 2017

Want to see what other hedge funds are holding CHEF? State Street Corp raised its stake in shares of The Chefs' Warehouse by 8.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 69,210 shares of the company's stock worth $900,000 after buying an additional 456 shares in the last quarter. Nationwide Fund Advisors raised its stake in The Chefs' Warehouse by 6.7% in the first quarter. Rhumbline Advisers now owns 21,000 shares of the company's stock valued at $273,000 after buying an additional 1,595 shares in the last quarter. The value of the total investment in The Chefs' Warehouse, Inc. increased from $1,061,000 to $1,280,000 a change of $219,000 quarter over quarter. Nationwide Fund Advisors now owns 15,118 shares of the company's stock valued at $197,000 after buying an additional 650 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC claims 98,478 shares with a value of $1,280,000. Trexquant Investment LP now owns 18,469 shares of the company's stock worth $257,000 after buying an additional 5,769 shares during the last quarter. Wells Fargo & Company MN raised its stake in The Chefs' Warehouse by 82.2% in the first quarter. Lastly, ValuEngine lifted shares of The Chefs' Warehouse from a "sell" recommendation to a "hold" recommendation in a analysis report on Friday morning, Jun 2nd.

Shares of The Chefs' Warehouse, Inc.

The company's P/E ratio is 36.51 and market cap is 463.94M. The stock is trading at $17.60 impressively higher than the 50 day moving average of $13.82 and which is significantly higher than the 200 day moving average of $14.55.

The Chefs' Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, August 9th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $331.70 million during the quarter, compared to analysts' expectations of $325.16 million. Chefs' Warehouse had a return on equity of 7.56% and a net margin of 1.11%. The firm's revenue was up 13.6% compared to the same quarter a year ago. Equities research analysts anticipate that The Chefs' Warehouse, Inc. will post $0.40 EPS for the current year. On average, equities research analysts forecast that The Chefs' Warehouse, Inc. will post $0.40 earnings per share for the current fiscal year. The Company is focused on serving the specific needs of chefs who own and/or operate restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores. If you are reading this piece on another publication, it was copied illegally and republished in violation of USA & global trademark and copyright legislation. The legal version of this story can be read at https://sportsperspectives.com/2017/08/13/municipal-employees-retirement-system-of-michigan-invests-905000-in-the-chefs-warehouse-inc-nasdaqchef.html.

A number of brokerages recently commented on CHEF. BidaskClub upgraded shares of The Chefs' Warehouse from a "sell" rating to a "hold" rating in a report on Monday, July 31st. ValuEngine lowered shares of The Chefs' Warehouse from a "hold" rating to a "sell" rating in a report on Wednesday, July 19th. They set a "buy" rating and a $18.00 price target for the company. Jefferies Group now has a "Buy" rating and a $19.00 target price on the stock.

Loop Capital starting coverage on CHEF setting a rating of "Buy". Canaccord Genuity now has a buy rating on the stock.

The company is up by 2.03% since yesterday's close of $17.25.

The Chefs' Warehouse, Inc., launched on June 17, 2005, 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 corporation 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.

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