Chefs’ Warehouse Inc (NASDAQ:CHEF) Shares Acquired by State Street Corp

Share on StockTwits

State Street Corp grew its holdings in Chefs’ Warehouse Inc (NASDAQ:CHEF) by 9.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 814,786 shares of the company’s stock after acquiring an additional 67,462 shares during the period. State Street Corp owned about 2.21% of Chefs’ Warehouse worth $8,205,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of the business. Legion Partners Asset Management LLC acquired a new position in shares of Chefs’ Warehouse in the first quarter worth $16,785,000. Wellington Management Group LLP lifted its position in shares of Chefs’ Warehouse by 12.7% during the 1st quarter. Wellington Management Group LLP now owns 912,453 shares of the company’s stock worth $9,189,000 after purchasing an additional 103,019 shares during the last quarter. Wasatch Advisors Inc. lifted its position in shares of Chefs’ Warehouse by 269.0% during the 1st quarter. Wasatch Advisors Inc. now owns 679,289 shares of the company’s stock worth $6,840,000 after purchasing an additional 495,193 shares during the last quarter. Aristotle Capital Boston LLC lifted its position in shares of Chefs’ Warehouse by 2.3% during the 1st quarter. Aristotle Capital Boston LLC now owns 588,167 shares of the company’s stock worth $5,923,000 after purchasing an additional 13,225 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Chefs’ Warehouse by 6.2% during the 1st quarter. Geode Capital Management LLC now owns 364,091 shares of the company’s stock worth $3,666,000 after purchasing an additional 21,159 shares during the last quarter. Institutional investors and hedge funds own 62.88% of the company’s stock.

NASDAQ CHEF opened at $11.53 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 2.38 and a current ratio of 3.54. The firm has a market cap of $424.30 million, a PE ratio of -21.35 and a beta of 2.00. Chefs’ Warehouse Inc has a one year low of $3.55 and a one year high of $42.06. The firm’s fifty day moving average is $13.63 and its two-hundred day moving average is $19.79.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, July 29th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.04). Chefs’ Warehouse had a negative return on equity of 5.13% and a negative net margin of 1.37%. The firm had revenue of $200.50 million for the quarter, compared to analyst estimates of $213.72 million. During the same quarter last year, the firm earned $0.33 earnings per share. The company’s revenue was down 51.3% compared to the same quarter last year. Research analysts predict that Chefs’ Warehouse Inc will post -1.23 earnings per share for the current year.

Several research firms have recently issued reports on CHEF. TheStreet cut shares of Chefs’ Warehouse from a “c-” rating to a “d” rating in a research report on Thursday. BMO Capital Markets boosted their price target on shares of Chefs’ Warehouse from $14.00 to $15.00 and gave the company a “market perform” rating in a research report on Thursday, May 7th. BTIG Research began coverage on shares of Chefs’ Warehouse in a research report on Thursday, July 16th. They issued a “neutral” rating for the company. ValuEngine raised shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. Finally, National Securities reissued a “buy” rating and issued a $30.00 price target on shares of Chefs’ Warehouse in a research report on Wednesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. Chefs’ Warehouse has a consensus rating of “Hold” and a consensus price target of $25.33.

Chefs’ Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 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 is meant by a buy rating?

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

Receive News & Ratings for Chefs' Warehouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chefs' Warehouse and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

State Street Corp Boosts Stock Position in Assembly Biosciences Inc
State Street Corp Boosts Stock Position in Assembly Biosciences Inc
State Street Corp Has $8.20 Million Stock Position in Verso Corp
State Street Corp Has $8.20 Million Stock Position in Verso Corp
Chefs’ Warehouse Inc  Shares Acquired by State Street Corp
Chefs’ Warehouse Inc Shares Acquired by State Street Corp
State Street Corp Buys Shares of 1,001,698 Smith & Wesson Brands
State Street Corp Buys Shares of 1,001,698 Smith & Wesson Brands
State Street Corp Decreases Position in Smith & Wesson Brands
State Street Corp Decreases Position in Smith & Wesson Brands
State Street Corp Purchases 71,029 Shares of Core Laboratories
State Street Corp Purchases 71,029 Shares of Core Laboratories


© 2006-2020 Ticker Report