Wasatch Advisors LP Has $9.80 Million Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Wasatch Advisors LP cut its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 29.1% during the 1st quarter, HoldingsChannel reports. The firm owned 260,191 shares of the company’s stock after selling 107,044 shares during the quarter. Wasatch Advisors LP’s holdings in Chefs’ Warehouse were worth $9,799,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Rhumbline Advisers grew its position in Chefs’ Warehouse by 0.5% in the third quarter. Rhumbline Advisers now owns 105,292 shares of the company’s stock valued at $2,230,000 after purchasing an additional 564 shares in the last quarter. Littlejohn & Co. LLC bought a new stake in shares of Chefs’ Warehouse during the 3rd quarter worth approximately $1,632,000. Kennedy Capital Management LLC lifted its holdings in shares of Chefs’ Warehouse by 22.8% during the 3rd quarter. Kennedy Capital Management LLC now owns 570,584 shares of the company’s stock worth $12,085,000 after acquiring an additional 105,790 shares during the period. Schroder Investment Management Group lifted its stake in Chefs’ Warehouse by 13.2% in the 3rd quarter. Schroder Investment Management Group now owns 951,151 shares of the company’s stock valued at $20,145,000 after purchasing an additional 111,147 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new position in Chefs’ Warehouse in the 3rd quarter valued at approximately $743,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on CHEF. StockNews.com upgraded shares of Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd. Benchmark restated a “buy” rating and issued a $50.00 price target on shares of Chefs’ Warehouse in a report on Thursday, May 2nd.

Insider Transactions at Chefs’ Warehouse

In related news, General Counsel Alexandros Aldous sold 2,191 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $40.00, for a total value of $87,640.00. Following the transaction, the general counsel now owns 136,477 shares in the company, valued at approximately $5,459,080. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 12.90% of the company’s stock.

Chefs’ Warehouse Stock Performance

Shares of CHEF traded up $0.60 during trading hours on Tuesday, hitting $39.78. The company’s stock had a trading volume of 221,735 shares, compared to its average volume of 332,466. The business has a 50 day simple moving average of $38.11 and a two-hundred day simple moving average of $35.21. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 45.72 and a beta of 2.30. The Chefs’ Warehouse, Inc. has a 52-week low of $17.29 and a 52-week high of $40.00. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.92 and a quick ratio of 1.17.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $874.50 million during the quarter, compared to analyst estimates of $833.25 million. Chefs’ Warehouse had a net margin of 0.98% and a return on equity of 12.30%. The business’s quarterly revenue was up 21.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. On average, equities analysts expect that The Chefs’ Warehouse, Inc. will post 1.37 earnings per share for the current fiscal year.

About Chefs’ Warehouse

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company's product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.