State Street Corp lifted its stake in shares of Chefs' Warehouse Inc (NASDAQ:CHEF) by 7.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 344,769 shares of the company’s stock after purchasing an additional 23,492 shares during the quarter. State Street Corp owned about 1.31% of Chefs' Warehouse worth $4,486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Voya Investment Management LLC bought a new stake in Chefs' Warehouse in the second quarter worth about $132,000. Stifel Financial Corp bought a new stake in Chefs' Warehouse in the second quarter worth about $151,000. Bank of Montreal Can raised its position in Chefs' Warehouse by 4,428.6% in the second quarter. Bank of Montreal Can now owns 12,046 shares of the company’s stock worth $157,000 after acquiring an additional 11,780 shares in the last quarter. Nationwide Fund Advisors raised its position in Chefs' Warehouse by 4.5% in the second quarter. Nationwide Fund Advisors now owns 15,118 shares of the company’s stock worth $197,000 after acquiring an additional 650 shares in the last quarter. Finally, Rhumbline Advisers raised its position in Chefs' Warehouse by 8.2% in the second quarter. Rhumbline Advisers now owns 21,000 shares of the company’s stock worth $273,000 after acquiring an additional 1,595 shares in the last quarter. Institutional investors and hedge funds own 78.18% of the company’s stock.

Shares of Chefs' Warehouse Inc (NASDAQ:CHEF) opened at $20.30 on Thursday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 1.31 and a current ratio of 2.26. The stock has a market capitalization of $551.21, a PE ratio of 54.60, a price-to-earnings-growth ratio of 2.63 and a beta of 1.09. Chefs' Warehouse Inc has a twelve month low of $11.85 and a twelve month high of $21.90.

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

Several equities research analysts have commented on CHEF shares. Zacks Investment Research upgraded shares of Chefs' Warehouse from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, August 11th. Canaccord Genuity reiterated a “buy” rating and issued a $19.00 price target (up from $18.00) on shares of Chefs' Warehouse in a research report on Friday, August 11th. BMO Capital Markets upgraded shares of Chefs' Warehouse from a “market perform” rating to an “outperform” rating in a research report on Monday, November 13th. BidaskClub upgraded shares of Chefs' Warehouse from a “hold” rating to a “buy” rating in a research report on Thursday, August 10th. Finally, Jefferies Group set a $20.00 price target on shares of Chefs' Warehouse and gave the stock a “buy” rating in a research report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.67.

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About 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.

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

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