Barrow Hanley Mewhinney & Strauss LLC cut its position in shares of Chefs' Warehouse Inc (NASDAQ:CHEF) by 34.6% in the fourth quarter, HoldingsChannel reports. The firm owned 66,615 shares of the company’s stock after selling 35,220 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Chefs' Warehouse were worth $1,365,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CHEF. Voya Investment Management LLC bought a new stake in Chefs' Warehouse during the 2nd quarter valued at $132,000. Stifel Financial Corp bought a new stake in Chefs' Warehouse during the 2nd quarter valued at $151,000. Nationwide Fund Advisors raised its position in Chefs' Warehouse by 4.5% during the 2nd quarter. Nationwide Fund Advisors now owns 15,118 shares of the company’s stock valued at $197,000 after purchasing an additional 650 shares in the last quarter. Atria Investments LLC bought a new stake in Chefs' Warehouse during the 4th quarter valued at $205,000. Finally, The Manufacturers Life Insurance Company raised its position in Chefs' Warehouse by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,943 shares of the company’s stock valued at $221,000 after purchasing an additional 555 shares in the last quarter. 80.28% of the stock is owned by institutional investors and hedge funds.
Several research analysts have recently commented on the company. Jefferies Group reissued a “buy” rating and issued a $23.00 price target on shares of Chefs' Warehouse in a research report on Friday, November 10th. Loop Capital boosted their price target on Chefs' Warehouse from $21.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Canaccord Genuity reissued a “buy” rating and issued a $22.00 price target on shares of Chefs' Warehouse in a research report on Thursday, November 9th. BidaskClub raised Chefs' Warehouse from a “sell” rating to a “hold” rating in a research report on Wednesday, February 14th. Finally, Zacks Investment Research raised Chefs' Warehouse from a “sell” rating to a “hold” rating in a research report on Thursday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $21.20.
Chefs' Warehouse Inc (CHEF) opened at $21.50 on Friday. The company has a market capitalization of $611.93, a price-to-earnings ratio of 53.75, a PEG ratio of 1.52 and a beta of 1.02. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.26 and a quick ratio of 1.31. Chefs' Warehouse Inc has a 1 year low of $11.85 and a 1 year high of $22.90.
Chefs' Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm had revenue of $357.00 million during the quarter, compared to analyst estimates of $352.95 million. Chefs' Warehouse had a return on equity of 5.08% and a net margin of 1.09%. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.18 EPS. research analysts anticipate that Chefs' Warehouse Inc will post 0.41 earnings per share for the current year.
Chefs' Warehouse Profile
The Chefs’ Warehouse, Inc is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada.
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