Jennison Associates LLC Boosts Stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Jennison Associates LLC boosted its stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEFFree Report) by 2.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 760,352 shares of the company’s stock after buying an additional 16,104 shares during the period. Jennison Associates LLC owned 1.91% of Chefs’ Warehouse worth $28,635,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Schroder Investment Management Group lifted its holdings in shares of Chefs’ Warehouse by 13.2% during the 3rd quarter. Schroder Investment Management Group now owns 951,151 shares of the company’s stock valued at $20,145,000 after purchasing an additional 111,147 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Chefs’ Warehouse in the third quarter valued at approximately $743,000. Vanguard Group Inc. lifted its holdings in Chefs’ Warehouse by 0.6% in the third quarter. Vanguard Group Inc. now owns 2,637,296 shares of the company’s stock valued at $55,858,000 after acquiring an additional 15,970 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its holdings in Chefs’ Warehouse by 14.0% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 11,998 shares of the company’s stock valued at $354,000 after acquiring an additional 1,473 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its holdings in Chefs’ Warehouse by 4.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,141 shares of the company’s stock valued at $475,000 after acquiring an additional 671 shares during the last quarter. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CHEF shares. StockNews.com upgraded Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Benchmark reissued a “buy” rating and issued a $50.00 target price on shares of Chefs’ Warehouse in a research report on Thursday, May 2nd.

Check Out Our Latest Report on CHEF

Insider Buying and Selling at Chefs’ Warehouse

In other news, General Counsel Alexandros Aldous sold 7,809 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $40.00, for a total transaction of $312,360.00. Following the completion of the sale, the general counsel now owns 129,342 shares in the company, valued at $5,173,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold 20,000 shares of company stock worth $825,000 over the last 90 days. Corporate insiders own 12.90% of the company’s stock.

Chefs’ Warehouse Stock Performance

Shares of CHEF stock opened at $39.03 on Wednesday. The company has a current ratio of 1.92, a quick ratio of 1.17 and a debt-to-equity ratio of 1.49. The firm has a fifty day moving average price of $38.86 and a 200 day moving average price of $35.64. The company has a market cap of $1.55 billion, a P/E ratio of 44.86 and a beta of 2.30. The Chefs’ Warehouse, Inc. has a 12 month low of $17.29 and a 12 month high of $42.80.

Chefs’ Warehouse (NASDAQ:CHEFGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.08. The firm had revenue of $874.50 million during the quarter, compared to the consensus estimate of $833.25 million. Chefs’ Warehouse had a net margin of 0.98% and a return on equity of 12.30%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Sell-side analysts predict that The Chefs’ Warehouse, Inc. will post 1.37 earnings per share for the current fiscal year.

Chefs’ Warehouse Company Profile

(Free Report)

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company's product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.

See Also

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

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