PDT Partners LLC reduced its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 0.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,022 shares of the company’s stock after selling 5 shares during the period. PDT Partners LLC owned 0.09% of The Chefs’ Warehouse worth $312,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in CHEF. Alliancebernstein L.P. increased its stake in The Chefs’ Warehouse by 30.1% in the second quarter. Alliancebernstein L.P. now owns 1,860,303 shares of the company’s stock valued at $24,184,000 after purchasing an additional 430,943 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in The Chefs’ Warehouse by 18.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,008,855 shares of the company’s stock valued at $13,115,000 after purchasing an additional 158,345 shares during the last quarter. Systematic Financial Management LP purchased a new position in The Chefs’ Warehouse in the second quarter valued at approximately $1,185,000. Kennedy Capital Management Inc. purchased a new position in The Chefs’ Warehouse in the second quarter valued at approximately $1,057,000. Finally, Cadence Capital Management LLC purchased a new position in The Chefs’ Warehouse in the second quarter valued at approximately $923,000. Institutional investors own 78.01% of the company’s stock.

Several equities analysts have commented on CHEF shares. Zacks Investment Research upgraded shares of The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Friday, August 11th. Canaccord Genuity reiterated a “buy” rating and issued a $19.00 price target (up from $18.00) on shares of The Chefs’ Warehouse in a research note on Friday, August 11th. BidaskClub upgraded shares of The Chefs’ Warehouse from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 16th. ValuEngine lowered shares of The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Jefferies Group LLC set a $20.00 price target on shares of The Chefs’ Warehouse and gave the company a “buy” rating in a research note on Friday, August 25th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $18.17.

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Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) opened at 20.35 on Monday. The firm has a market capitalization of $536.43 million, a P/E ratio of 42.22 and a beta of 1.11. The stock has a 50 day moving average price of $18.08 and a 200 day moving average price of $15.27. The Chefs’ Warehouse, Inc. has a 12-month low of $10.80 and a 12-month high of $20.50.

The Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The Chefs’ Warehouse had a return on equity of 4.56% and a net margin of 0.99%. The company had revenue of $331.70 million for the quarter, compared to the consensus estimate of $325.16 million. During the same period in the previous year, the business earned $0.15 EPS. The Chefs’ Warehouse’s revenue for the quarter was up 13.6% compared to the same quarter last year. Equities analysts anticipate that The Chefs’ Warehouse, Inc. will post $0.41 earnings per share for the current fiscal year.

The 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.

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

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