Wells Fargo & Company MN Acquires 7,412 Shares of The Chefs’ Warehouse, Inc. (CHEF)

Wells Fargo & Company MN lifted its holdings in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 455,020 shares of the company’s stock after buying an additional 7,412 shares during the quarter. Wells Fargo & Company MN owned about 1.73% of The Chefs’ Warehouse worth $5,915,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Alliancebernstein L.P. lifted its stake in shares of The Chefs’ Warehouse by 12.5% during the 1st quarter. Alliancebernstein L.P. now owns 1,429,360 shares of the company’s stock valued at $19,868,000 after buying an additional 158,833 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of The Chefs’ Warehouse by 7.0% during the 1st quarter. Vanguard Group Inc. now owns 969,858 shares of the company’s stock valued at $13,480,000 after buying an additional 63,679 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of The Chefs’ Warehouse by 19.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 850,510 shares of the company’s stock valued at $11,822,000 after buying an additional 140,918 shares in the last quarter. Rutabaga Capital Management LLC MA lifted its stake in shares of The Chefs’ Warehouse by 1.9% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 715,758 shares of the company’s stock valued at $9,949,000 after buying an additional 13,550 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. lifted its stake in shares of The Chefs’ Warehouse by 2.3% during the 2nd quarter. Eagle Boston Investment Management Inc. now owns 370,509 shares of the company’s stock valued at $4,816,000 after buying an additional 8,164 shares in the last quarter. Institutional investors own 78.01% of the company’s stock.

CHEF has been the topic of a number of recent research reports. TheStreet upgraded shares of The Chefs’ Warehouse from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Jefferies Group LLC set a $20.00 price target on shares of The Chefs’ Warehouse and gave the company a “buy” rating in a research note on Friday, August 25th. Canaccord Genuity restated a “buy” rating and set a $19.00 price target (up from $18.00) on shares of The Chefs’ Warehouse in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Friday, August 11th. Finally, BidaskClub upgraded shares of The Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. 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 Chefs’ Warehouse presently has an average rating of “Buy” and an average price target of $18.17.

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Shares of The Chefs’ Warehouse, Inc. (CHEF) opened at 19.85 on Wednesday. The Chefs’ Warehouse, Inc. has a 1-year low of $10.80 and a 1-year high of $20.70. The stock has a market capitalization of $523.25 million, a PE ratio of 41.18 and a beta of 1.11. The firm has a 50-day moving average of $18.22 and a 200 day moving average of $15.38.

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

The Chefs’ Warehouse Company 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.

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

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