Bamco Inc. NY trimmed its position in shares of Chefs' Warehouse Inc (NASDAQ:CHEF) by 60.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 600,000 shares of the company’s stock after selling 900,000 shares during the period. Bamco Inc. NY’s holdings in Chefs' Warehouse were worth $12,300,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in the business. Alliancebernstein L.P. grew its stake in Chefs' Warehouse by 11.2% during the fourth quarter. Alliancebernstein L.P. now owns 1,995,782 shares of the company’s stock worth $40,914,000 after buying an additional 200,639 shares in the last quarter. Legion Partners Asset Management LLC boosted its stake in shares of Chefs' Warehouse by 11.4% in the 3rd quarter. Legion Partners Asset Management LLC now owns 1,704,239 shares of the company’s stock valued at $32,892,000 after purchasing an additional 174,876 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Chefs' Warehouse by 14.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,155,649 shares of the company’s stock valued at $22,304,000 after purchasing an additional 146,794 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Chefs' Warehouse by 5.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,021,737 shares of the company’s stock valued at $13,282,000 after purchasing an additional 51,879 shares in the last quarter. Finally, Conestoga Capital Advisors LLC acquired a new stake in shares of Chefs' Warehouse in the 4th quarter valued at approximately $14,832,000. Hedge funds and other institutional investors own 90.78% of the company’s stock.
A number of equities research analysts have recently weighed in on the stock. BidaskClub upgraded shares of Chefs' Warehouse from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Zacks Investment Research upgraded shares of Chefs' Warehouse from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Canaccord Genuity restated a “buy” rating and issued a $24.00 price target on shares of Chefs' Warehouse in a research note on Monday, January 8th. Finally, BMO Capital Markets upgraded shares of Chefs' Warehouse from a “market perform” rating to an “outperform” rating in a research note on Monday, November 13th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $21.20.
Chefs' Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $357.00 million during the quarter, compared to analyst estimates of $352.95 million. Chefs' Warehouse had a net margin of 1.10% and a return on equity of 5.83%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.18 EPS. sell-side analysts anticipate that Chefs' Warehouse Inc will post 0.73 earnings per share for the current year.
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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.
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