Dana Investment Advisors Inc. reduced its stake in Chefs’ Warehouse Inc (NASDAQ:CHEF) by 23.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 55,945 shares of the company’s stock after selling 17,164 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.19% of Chefs’ Warehouse worth $1,789,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Flinton Capital Management LLC bought a new stake in Chefs’ Warehouse during the fourth quarter valued at about $155,000. Neuburgh Advisers LLC bought a new stake in Chefs’ Warehouse during the fourth quarter valued at about $188,000. Citadel Advisors LLC bought a new stake in Chefs’ Warehouse during the third quarter valued at about $218,000. State of Alaska Department of Revenue bought a new stake in Chefs’ Warehouse during the fourth quarter valued at about $246,000. Finally, First Mercantile Trust Co. raised its holdings in Chefs’ Warehouse by 29.6% during the third quarter. First Mercantile Trust Co. now owns 7,559 shares of the company’s stock valued at $275,000 after acquiring an additional 1,727 shares during the period. 83.64% of the stock is currently owned by institutional investors.
A number of equities research analysts have commented on the company. BidaskClub cut Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. Zacks Investment Research cut Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $32.67.
NASDAQ:CHEF opened at $30.73 on Friday. The company has a current ratio of 2.62, a quick ratio of 1.72 and a debt-to-equity ratio of 0.90. The stock has a market cap of $948.20 million, a price-to-earnings ratio of 39.40, a price-to-earnings-growth ratio of 1.72 and a beta of 0.82. Chefs’ Warehouse Inc has a 52 week low of $21.25 and a 52 week high of $39.26.
Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Wednesday, February 13th. The company reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. The firm had revenue of $394.07 million during the quarter, compared to analyst estimates of $384.54 million. Chefs’ Warehouse had a return on equity of 8.22% and a net margin of 1.41%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.23 earnings per share. As a group, analysts predict that Chefs’ Warehouse Inc will post 0.97 earnings per share for the current fiscal year.
In other news, General Counsel Alexandros Aldous sold 8,632 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $31.05, for a total transaction of $268,023.60. Following the completion of the transaction, the general counsel now owns 48,290 shares in the company, valued at $1,499,404.50. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Patricia Lecouras sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $36.07, for a total value of $90,175.00. Following the transaction, the insider now owns 41,561 shares of the company’s stock, valued at approximately $1,499,105.27. The disclosure for this sale can be found here. Company insiders own 20.60% of the company’s stock.
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 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.
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