Chefs’ Warehouse Inc (CHEF) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

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Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in shares of Chefs’ Warehouse Inc (NASDAQ:CHEF) by 44.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,376 shares of the company’s stock after selling 1,118 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Chefs’ Warehouse were worth $44,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in CHEF. Assenagon Asset Management S.A. acquired a new position in Chefs’ Warehouse in the 4th quarter valued at about $1,225,000. Louisiana State Employees Retirement System acquired a new position in shares of Chefs’ Warehouse during the 4th quarter valued at about $278,000. State of Alaska Department of Revenue acquired a new position in shares of Chefs’ Warehouse during the 4th quarter valued at about $246,000. Vanguard Group Inc increased its stake in shares of Chefs’ Warehouse by 6.9% during the 3rd quarter. Vanguard Group Inc now owns 1,292,698 shares of the company’s stock valued at $46,990,000 after acquiring an additional 83,726 shares during the last quarter. Finally, Federated Investors Inc. PA increased its stake in shares of Chefs’ Warehouse by 105.0% during the 3rd quarter. Federated Investors Inc. PA now owns 173,587 shares of the company’s stock valued at $6,310,000 after acquiring an additional 88,922 shares during the last quarter. 77.80% of the stock is currently owned by institutional investors.

In other Chefs’ Warehouse news, insider Patricia Lecouras sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 13th. The stock was sold at an average price of $36.07, for a total value of $90,175.00. Following the transaction, the insider now directly owns 41,561 shares of the company’s stock, valued at approximately $1,499,105.27. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John A. Couri sold 9,000 shares of the company’s stock in a transaction that occurred on Friday, November 23rd. The shares were sold at an average price of $36.01, for a total value of $324,090.00. Following the completion of the transaction, the director now directly owns 16,007 shares in the company, valued at $576,412.07. The disclosure for this sale can be found here. 20.60% of the stock is currently owned by insiders.

A number of research analysts have recently commented on CHEF shares. BidaskClub raised shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research note on Saturday, November 17th. Loop Capital reaffirmed a “buy” rating and set a $39.00 price objective on shares of Chefs’ Warehouse in a research note on Friday, November 2nd. Finally, Zacks Investment Research downgraded shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note on Thursday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Chefs’ Warehouse has an average rating of “Buy” and a consensus target price of $32.67.

Shares of NASDAQ:CHEF opened at $34.02 on Tuesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.71 and a quick ratio of 1.77. Chefs’ Warehouse Inc has a 1 year low of $19.35 and a 1 year high of $39.26. The stock has a market cap of $1.02 billion, a PE ratio of 43.62, a PEG ratio of 1.89 and a beta of 0.80.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, February 13th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.32. Chefs’ Warehouse had a return on equity of 8.53% and a net margin of 1.41%. The business had revenue of $394.07 million during the quarter, compared to analysts’ expectations of $384.54 million. During the same quarter in the previous year, the business earned $0.23 EPS. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, sell-side analysts forecast that Chefs’ Warehouse Inc will post 1.02 EPS for the current year.

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About Chefs’ Warehouse

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.

Further Reading: What are Institutional Investors?

Want to see what other hedge funds are holding CHEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chefs’ Warehouse Inc (NASDAQ:CHEF).

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

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