The Chefs’ Warehouse, Inc. (CHEF) Holdings Cut by Wasatch Advisors Inc.

Wasatch Advisors Inc. lowered its holdings in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 17.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,362,566 shares of the company’s stock after selling 513,581 shares during the quarter. Wasatch Advisors Inc. owned approximately 8.96% of The Chefs’ Warehouse worth $30,713,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Alliancebernstein L.P. boosted its position in The Chefs’ Warehouse by 30.1% during the second quarter. Alliancebernstein L.P. now owns 1,860,303 shares of the company’s stock worth $24,184,000 after purchasing an additional 430,943 shares in the last quarter. Vanguard Group Inc. boosted its position in The Chefs’ Warehouse by 5.3% during the second quarter. Vanguard Group Inc. now owns 1,021,737 shares of the company’s stock worth $13,282,000 after purchasing an additional 51,879 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in The Chefs’ Warehouse by 18.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,008,855 shares of the company’s stock worth $13,115,000 after purchasing an additional 158,345 shares in the last quarter. Wells Fargo & Company MN boosted its position in The Chefs’ Warehouse by 1.7% during the second quarter. Wells Fargo & Company MN now owns 455,020 shares of the company’s stock worth $5,915,000 after purchasing an additional 7,412 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its position in The Chefs’ Warehouse by 2.3% during the second quarter. Eagle Boston Investment Management Inc. now owns 370,509 shares of the company’s stock worth $4,816,000 after purchasing an additional 8,164 shares in the last quarter. Institutional investors own 78.01% of the company’s stock.

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) traded up 0.50% during trading on Friday, hitting $20.05. The stock had a trading volume of 125,507 shares. The stock’s 50 day moving average price is $18.46 and its 200 day moving average price is $15.50. The firm has a market cap of $528.52 million, a P/E ratio of 41.60 and a beta of 1.11. The Chefs’ Warehouse, Inc. has a 12-month low of $10.80 and a 12-month high of $20.70.

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

COPYRIGHT VIOLATION WARNING: This article was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://ledgergazette.com/2017/10/15/the-chefs-warehouse-inc-chef-holdings-cut-by-wasatch-advisors-inc.html.

A number of equities analysts have issued reports on the company. TheStreet upgraded The Chefs’ Warehouse from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Canaccord Genuity increased their price target on The Chefs’ Warehouse from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Jefferies Group LLC set a $20.00 price target on The Chefs’ Warehouse and gave the stock a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, August 11th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $18.00 price target (up previously from $16.00) on shares of The Chefs’ Warehouse in a research report on Thursday, August 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The

A number of other hedge funds have also modified their holdings of the business. Alliancebernstein L.P. boosted its position in The Chefs’ Warehouse by 30.1% during the second quarter. Alliancebernstein L.P. now owns 1,860,303 shares of the company’s stock worth $24,184,000 after purchasing an additional 430,943 shares in the last quarter. Vanguard Group Inc. boosted its position in The Chefs’ Warehouse by 5.3% during the second quarter. Vanguard Group Inc. now owns 1,021,737 shares of the company’s stock worth $13,282,000 after purchasing an additional 51,879 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in The Chefs’ Warehouse by 18.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,008,855 shares of the company’s stock worth $13,115,000 after purchasing an additional 158,345 shares in the last quarter. Wells Fargo & Company MN boosted its position in The Chefs’ Warehouse by 1.7% during the second quarter. Wells Fargo & Company MN now owns 455,020 shares of the company’s stock worth $5,915,000 after purchasing an additional 7,412 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. boosted its position in The Chefs’ Warehouse by 2.3% during the second quarter. Eagle Boston Investment Management Inc. now owns 370,509 shares of the company’s stock worth $4,816,000 after purchasing an additional 8,164 shares in the last quarter. Institutional investors own 78.01% of the company’s stock.

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) traded up 0.50% during trading on Friday, hitting $20.05. The stock had a trading volume of 125,507 shares. The stock’s 50 day moving average price is $18.46 and its 200 day moving average price is $15.50. The firm has a market cap of $528.52 million, a P/E ratio of 41.60 and a beta of 1.11. The Chefs’ Warehouse, Inc. has a 12-month low of $10.80 and a 12-month high of $20.70.

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

COPYRIGHT VIOLATION WARNING: This article was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://ledgergazette.com/2017/10/15/the-chefs-warehouse-inc-chef-holdings-cut-by-wasatch-advisors-inc.html.

A number of equities analysts have issued reports on the company. TheStreet upgraded The Chefs’ Warehouse from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Canaccord Genuity increased their price target on The Chefs’ Warehouse from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Jefferies Group LLC set a $20.00 price target on The Chefs’ Warehouse and gave the stock a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, August 11th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $18.00 price target (up previously from $16.00) on shares of The Chefs’ Warehouse in a research report on Thursday, August 10th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $18.17.

The Chefs’ Warehouse Profile

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.

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

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