The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Stock Holdings Raised by Cwm LLC

Cwm LLC grew its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 50.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 542 shares of the company’s stock after purchasing an additional 182 shares during the quarter. Cwm LLC’s holdings in Chefs’ Warehouse were worth $30,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Principal Financial Group Inc. raised its stake in Chefs’ Warehouse by 5.0% during the first quarter. Principal Financial Group Inc. now owns 192,764 shares of the company’s stock valued at $10,498,000 after buying an additional 9,142 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Chefs’ Warehouse in the 1st quarter worth approximately $289,000. GAMMA Investing LLC increased its holdings in shares of Chefs’ Warehouse by 27.9% in the 1st quarter. GAMMA Investing LLC now owns 1,537 shares of the company’s stock valued at $84,000 after acquiring an additional 335 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of Chefs’ Warehouse by 5.4% during the 1st quarter. New York State Teachers Retirement System now owns 44,013 shares of the company’s stock valued at $2,397,000 after acquiring an additional 2,271 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Chefs’ Warehouse during the 4th quarter valued at approximately $252,000. Institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Stock Performance

Shares of CHEF opened at $66.90 on Tuesday. The firm has a fifty day moving average of $63.71 and a 200-day moving average of $59.29. The company has a market cap of $2.73 billion, a price-to-earnings ratio of 41.81 and a beta of 1.83. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 2.01. The Chefs’ Warehouse, Inc. has a 1 year low of $35.59 and a 1 year high of $68.94.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.07. Chefs’ Warehouse had a net margin of 1.76% and a return on equity of 13.60%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm posted $0.40 EPS. Chefs’ Warehouse’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, equities analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CHEF shares. BTIG Research reaffirmed a “buy” rating on shares of Chefs’ Warehouse in a report on Friday, May 23rd. Benchmark lifted their price target on shares of Chefs’ Warehouse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, July 31st. UBS Group boosted their price objective on shares of Chefs’ Warehouse from $68.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Finally, Wall Street Zen raised shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a report on Saturday, June 21st. Seven analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $70.40.

Insider Buying and Selling at Chefs’ Warehouse

In other news, CAO Tim Mccauley sold 17,500 shares of the business’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $65.07, for a total transaction of $1,138,725.00. Following the completion of the transaction, the chief accounting officer directly owned 52,050 shares in the company, valued at approximately $3,386,893.50. The trade was a 25.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 11.50% of the company’s stock.

Chefs’ Warehouse 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.