32,012 Shares in Chefs' Warehouse Inc (CHEF) Acquired by Stone Ridge Asset Management LLC

Stone Ridge Asset Management LLC bought a new stake in Chefs' Warehouse Inc (NASDAQ:CHEF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 32,012 shares of the company’s stock, valued at approximately $656,000. Stone Ridge Asset Management LLC owned about 0.11% of Chefs' Warehouse as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CHEF. Voya Investment Management LLC acquired a new stake in shares of Chefs' Warehouse during the second quarter valued at $132,000. Atria Investments LLC acquired a new stake in shares of Chefs' Warehouse during the fourth quarter valued at $205,000. The Manufacturers Life Insurance Company boosted its stake in shares of Chefs' Warehouse by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 16,943 shares of the company’s stock valued at $221,000 after acquiring an additional 555 shares during the last quarter. Comerica Bank acquired a new stake in shares of Chefs' Warehouse during the fourth quarter valued at $240,000. Finally, Bank of Montreal Can boosted its stake in shares of Chefs' Warehouse by 48.9% during the fourth quarter. Bank of Montreal Can now owns 14,925 shares of the company’s stock valued at $305,000 after acquiring an additional 4,901 shares during the last quarter. 90.73% of the stock is currently owned by institutional investors.

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In related news, General Counsel Alexandros Aldous sold 9,095 shares of the stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $25.00, for a total transaction of $227,375.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 22.40% of the company’s stock.

A number of research firms recently commented on CHEF. Zacks Investment Research raised Chefs' Warehouse from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Thursday. BidaskClub raised Chefs' Warehouse from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $24.00 price objective on shares of Chefs' Warehouse in a research note on Wednesday, February 21st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Chefs' Warehouse has an average rating of “Buy” and an average target price of $23.00.

CHEF stock opened at $23.60 on Friday. Chefs' Warehouse Inc has a 12-month low of $11.85 and a 12-month high of $25.93. The firm has a market capitalization of $701.08, a PE ratio of 43.70, a P/E/G ratio of 1.55 and a beta of 0.87. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.80 and a current ratio of 2.74.

Chefs' Warehouse (NASDAQ:CHEF) last released its earnings results on Tuesday, February 20th. The company reported $0.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. Chefs' Warehouse had a return on equity of 5.48% and a net margin of 1.10%. The firm had revenue of $357.00 million for the quarter, compared to the consensus estimate of $352.95 million. During the same period in the prior year, the business posted $0.18 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. analysts predict that Chefs' Warehouse Inc will post 0.73 EPS for the current fiscal year.

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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 Chefs' Warehouse (NASDAQ:CHEF)

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