Vanguard Group Inc. Purchases 58,154 Shares of The Chefs’ Warehouse, Inc. $CHEF

Vanguard Group Inc. lifted its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 2.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,807,801 shares of the company’s stock after purchasing an additional 58,154 shares during the period. Vanguard Group Inc. owned approximately 0.07% of Chefs’ Warehouse worth $175,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in CHEF. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Chefs’ Warehouse by 515.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the company’s stock worth $31,000 after acquiring an additional 438 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of Chefs’ Warehouse in the third quarter worth $39,000. Osaic Holdings Inc. boosted its holdings in shares of Chefs’ Warehouse by 30.7% in the second quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock worth $51,000 after acquiring an additional 188 shares during the period. Vestcor Inc bought a new position in shares of Chefs’ Warehouse in the third quarter worth $57,000. Finally, Asset Management One Co. Ltd. bought a new position in shares of Chefs’ Warehouse in the fourth quarter worth $76,000. 91.55% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Tim Mccauley sold 7,500 shares of the stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $70.00, for a total value of $525,000.00. Following the sale, the chief accounting officer owned 44,662 shares in the company, valued at approximately $3,126,340. This trade represents a 14.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Christina Polychroni sold 3,317 shares of the stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $65.45, for a total value of $217,097.65. Following the completion of the sale, the insider owned 30,141 shares in the company, valued at $1,972,728.45. This trade represents a 9.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 264,309 shares of company stock worth $18,810,197. 11.10% of the stock is currently owned by corporate insiders.

Chefs’ Warehouse Stock Performance

Shares of CHEF stock opened at $81.71 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.33 and a current ratio of 2.18. The Chefs’ Warehouse, Inc. has a 52-week low of $53.20 and a 52-week high of $82.81. The company has a market capitalization of $3.33 billion, a PE ratio of 45.39 and a beta of 1.47. The business’s fifty day moving average is $64.70 and its 200 day moving average is $63.35.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.17. Chefs’ Warehouse had a return on equity of 15.54% and a net margin of 1.87%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the business posted $0.25 earnings per share. The firm’s revenue was up 11.4% compared to the same quarter last year. On average, equities research analysts anticipate that The Chefs’ Warehouse, Inc. will post 2.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Zacks Research raised Chefs’ Warehouse from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. BTIG Research raised their price target on Chefs’ Warehouse from $74.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Morgan Stanley reaffirmed an “overweight” rating and issued a $83.00 price target on shares of Chefs’ Warehouse in a report on Thursday, April 30th. Benchmark raised their price target on Chefs’ Warehouse from $84.00 to $90.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Wolfe Research set a $84.00 price objective on Chefs’ Warehouse in a research report on Thursday, February 12th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.83.

Chefs’ Warehouse Company Profile

Chefs’ Warehouse, Inc is a specialty food distributor that supplies a broad range of high‐end ingredients and culinary products to professional chefs, restaurants, hotels, and other foodservice operators. Headquartered in Maspeth, New York, the company sources its portfolio from local artisans, boutique producers and leading global suppliers. Its core offerings include fresh and frozen proteins, specialty cuts of meat and seafood, handcrafted cheeses and charcuterie, seasonal produce, value‐added preparations, pantry staples and premium desserts and beverages.

The company operates a network of distribution centers strategically located in major metropolitan markets across North America.