Kayne Anderson Rudnick Investment Management LLC lowered its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 4.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,286,125 shares of the company’s stock after selling 199,082 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned about 16.26% of The Chefs’ Warehouse worth $82,722,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CHEF. Bank of New York Mellon Corp grew its holdings in shares of The Chefs’ Warehouse by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 71,074 shares of the company’s stock worth $988,000 after acquiring an additional 1,871 shares during the period. American International Group Inc. lifted its position in The Chefs’ Warehouse by 7.1% during the first quarter. American International Group Inc. now owns 11,917 shares of the company’s stock valued at $166,000 after purchasing an additional 791 shares in the last quarter. OppenheimerFunds Inc. purchased a new position in The Chefs’ Warehouse during the first quarter valued at $288,000. Vanguard Group Inc. lifted its position in The Chefs’ Warehouse by 7.0% during the first quarter. Vanguard Group Inc. now owns 969,858 shares of the company’s stock valued at $13,480,000 after purchasing an additional 63,679 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in The Chefs’ Warehouse by 9.7% during the first quarter. Geode Capital Management LLC now owns 152,286 shares of the company’s stock valued at $2,116,000 after purchasing an additional 13,415 shares in the last quarter. 80.56% of the stock is owned by institutional investors.

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) traded down $1.05 during trading on Wednesday, hitting $17.55. The stock had a trading volume of 282,000 shares, compared to its average volume of 173,542. The Chefs’ Warehouse, Inc. has a fifty-two week low of $11.85 and a fifty-two week high of $21.90. The stock has a market capitalization of $494.09, a P/E ratio of 48.95, a price-to-earnings-growth ratio of 2.36 and a beta of 1.09. The company has a quick ratio of 1.31, a current ratio of 2.26 and a debt-to-equity ratio of 1.54.

The Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The Chefs’ Warehouse had a return on equity of 5.08% and a net margin of 1.09%. The business had revenue of $325.08 million for the quarter, compared to the consensus estimate of $322.78 million. During the same period in the previous year, the business earned $0.07 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. analysts forecast that The Chefs’ Warehouse, Inc. will post 0.41 earnings per share for the current year.

CHEF has been the topic of several analyst reports. Zacks Investment Research upgraded The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Friday, August 11th. Canaccord Genuity reiterated a “buy” rating and set a $19.00 target price (up from $18.00) on shares of The Chefs’ Warehouse in a research report on Friday, August 11th. BMO Capital Markets upgraded The Chefs’ Warehouse from a “market perform” rating to an “outperform” rating in a research report on Monday. BidaskClub upgraded The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, ValuEngine downgraded The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The Chefs’ Warehouse presently has a consensus rating of “Buy” and an average price target of $19.67.

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About The Chefs’ Warehouse

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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