The Chefs' Warehouse, Inc. (CHEF) Sees 52-Week High

Xavier Trudeau
Août 13, 2017

Municipal Employees Retirement System of MI owned 0.26% of The Chefs' Warehouse as of its most recent SEC filing.

Quite a few investment firms and many large funds have purchased or sold their holdings of CHEF. State Street Corp now owns 301,448 shares of the company's stock valued at $4,757,000 after buying an additional 24,565 shares during the period.

Municipal Employees Retirement System of MI bought a new position in shares of The Chefs' Warehouse, Inc. Bank of New York Mellon Corp now owns 71,628 shares of the company's stock valued at $931,000 after buying an additional 554 shares during the last quarter. Dimensional Fund Advisors Lp now holds 1,008,855 shares valued at $13,115,000. Nationwide Fund Advisors now owns 15,118 shares of the company's stock worth $197,000 after buying an additional 650 shares in the last quarter. The company's for the quarter end, revenue was upwards of 13.6% on a YOY basis. on consensus, financial stock experts estimate that The Chefs' Warehouse to post $0.40 earnings per share for the full year. Menta Capital LLC reduced its investment by selling 5,600 shares a decrease of 5.6% in the quarter. American International Group Inc. raised its stake in Chefs' Warehouse by 7.1% in the first quarter.

The Chefs' Warehouse, Inc. has a one year low of $10.71 and a one year high of $18.13.

The Chefs' Warehouse (CHEF) opened at 17.60 on Friday.

Zacks Investment Research cut shares of The Chefs' Warehouse, Inc. The company has a market cap of $463.94 million, a PE ratio of 36.51 and a beta of 1.13. The firm's 50-day moving average is $13.82 and its 200 day moving average is $14.55.

The Chefs' Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, August 9th. The business had revenue of $331.70 million during the quarter, compared to analysts' expectations of $325.16 million. The Chefs' Warehouse had a net margin of 0.99% and a return on equity of 4.60%. The company's quarterly revenue was up 13.6% compared to the same quarter a year ago. During the same quarter in the prior year, the company posted $0.15 earnings per share. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.12 by $0.02. ILLEGAL ACTIVITY WARNING: "Jefferies Group Equities Analysts Increase Earnings Estimates for The Chefs' Warehouse, Inc". The corporation is focused on serving the specific needs of chefs who has an ownership of and/or operate restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools and specialty food stores.

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A number of brokerages have weighed in on CHEF. Finally, ValuEngine upgraded The Chefs' Warehouse from a "sell" rating to a "hold" rating in a report on Thursday, August 3rd. They issued a "buy" rating and a $18.00 price target on the stock. Canaccord Genuity assumed coverage on shares of The Chefs' Warehouse in a research report on Friday, April 7th.

On May 16, 2017 Loop Capital initiated coverage with an initial rating of "Buy". Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company now has a consensus rating of "Buy" and an average price target of $17.83.

The Chefs' Warehouse, Inc., launched on June 17, 2005, is a distributor of specialty food products in the United States and Canada. The corporation operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The corporation 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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