Aberdeen Group plc Acquires 47,372 Shares of The Chefs’ Warehouse, Inc. $CHEF

Aberdeen Group plc lifted its stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 37.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 173,259 shares of the company’s stock after purchasing an additional 47,372 shares during the period. Aberdeen Group plc owned approximately 0.43% of Chefs’ Warehouse worth $10,106,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Public Sector Pension Investment Board grew its position in shares of Chefs’ Warehouse by 17.2% during the 3rd quarter. Public Sector Pension Investment Board now owns 141,483 shares of the company’s stock worth $8,253,000 after buying an additional 20,785 shares during the period. Rhumbline Advisers boosted its holdings in Chefs’ Warehouse by 2.0% during the third quarter. Rhumbline Advisers now owns 100,503 shares of the company’s stock worth $5,862,000 after purchasing an additional 1,939 shares during the last quarter. MQS Management LLC bought a new stake in Chefs’ Warehouse during the third quarter worth about $203,000. Versor Investments LP acquired a new position in Chefs’ Warehouse during the third quarter worth $522,000. Finally, State of Wyoming bought a new position in Chefs’ Warehouse during the third quarter worth about $174,000. Institutional investors own 91.55% of the company’s stock.

Analyst Ratings Changes

CHEF has been the topic of several research reports. Morgan Stanley began coverage on Chefs’ Warehouse in a research report on Monday, October 27th. They issued an “overweight” rating and a $75.00 target price on the stock. Benchmark reiterated a “buy” rating on shares of Chefs’ Warehouse in a research note on Thursday, February 12th. UBS Group lifted their price objective on Chefs’ Warehouse from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. BTIG Research reaffirmed a “buy” rating and set a $74.00 price target on shares of Chefs’ Warehouse in a research note on Thursday, February 12th. Finally, Wolfe Research set a $84.00 target price on shares of Chefs’ Warehouse in a research report on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $77.67.

Chefs’ Warehouse Trading Up 0.2%

CHEF stock opened at $69.46 on Friday. The firm has a fifty day moving average price of $63.94 and a 200 day moving average price of $62.09. The Chefs’ Warehouse, Inc. has a fifty-two week low of $45.00 and a fifty-two week high of $71.04. The firm has a market cap of $2.83 billion, a PE ratio of 42.10 and a beta of 1.30. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.23 and a current ratio of 2.05.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. Chefs’ Warehouse had a return on equity of 14.75% and a net margin of 1.74%.The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company earned $0.55 EPS. The business’s revenue was up 10.5% compared to the same quarter last year. Sell-side analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

About Chefs’ Warehouse

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.