The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 7.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 77,847 shares of the company’s stock after buying an additional 5,488 shares during the quarter. Public Sector Pension Investment Board owned 0.20% of Chefs’ Warehouse worth $3,045,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Stephens Investment Management Group LLC grew its holdings in shares of Chefs’ Warehouse by 17.0% in the 4th quarter. Stephens Investment Management Group LLC now owns 1,046,940 shares of the company’s stock worth $30,811,000 after acquiring an additional 151,846 shares during the period. Schroder Investment Management Group grew its holdings in Chefs’ Warehouse by 6.3% in the fourth quarter. Schroder Investment Management Group now owns 1,011,305 shares of the company’s stock valued at $29,763,000 after purchasing an additional 60,154 shares during the last quarter. Scout Investments Inc. purchased a new position in shares of Chefs’ Warehouse in the fourth quarter valued at $6,715,000. Wasatch Advisors LP increased its position in shares of Chefs’ Warehouse by 20.0% in the fourth quarter. Wasatch Advisors LP now owns 367,235 shares of the company’s stock valued at $10,808,000 after buying an additional 61,250 shares in the last quarter. Finally, Granahan Investment Management LLC raised its stake in shares of Chefs’ Warehouse by 138.5% during the 4th quarter. Granahan Investment Management LLC now owns 794,541 shares of the company’s stock worth $23,383,000 after buying an additional 461,455 shares during the last quarter. 91.55% of the stock is owned by hedge funds and other institutional investors.

Chefs’ Warehouse Price Performance

Chefs’ Warehouse stock opened at $41.80 on Friday. The firm’s 50-day moving average is $40.20 and its two-hundred day moving average is $38.55. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.85 and a quick ratio of 1.08. The stock has a market capitalization of $1.66 billion, a P/E ratio of 48.05 and a beta of 2.32. The Chefs’ Warehouse, Inc. has a 12-month low of $17.29 and a 12-month high of $44.58.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. The firm had revenue of $954.70 million for the quarter, compared to analyst estimates of $945.34 million. Chefs’ Warehouse had a net margin of 1.11% and a return on equity of 12.62%. Chefs’ Warehouse’s revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. Equities analysts predict that The Chefs’ Warehouse, Inc. will post 1.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group increased their price objective on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chefs’ Warehouse presently has a consensus rating of “Moderate Buy” and an average price target of $49.25.

Insider Activity

In related news, General Counsel Alexandros Aldous sold 7,809 shares of the stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $40.00, for a total transaction of $312,360.00. Following the transaction, the general counsel now directly owns 129,342 shares in the company, valued at $5,173,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.90% of the company’s stock.

Chefs’ Warehouse Company Profile

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.