Everence Capital Management Inc. Makes New $245,000 Investment in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Everence Capital Management Inc. purchased a new position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) during the fourth quarter, HoldingsChannel reports. The firm purchased 8,340 shares of the company’s stock, valued at approximately $245,000.

Other institutional investors have also recently bought and sold shares of the company. Littlejohn & Co. LLC bought a new stake in shares of Chefs’ Warehouse during the third quarter worth approximately $1,632,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Chefs’ Warehouse during the third quarter worth approximately $664,000. Welch & Forbes LLC boosted its holdings in shares of Chefs’ Warehouse by 386.6% during the third quarter. Welch & Forbes LLC now owns 61,775 shares of the company’s stock worth $1,308,000 after acquiring an additional 49,080 shares during the period. GSA Capital Partners LLP bought a new stake in shares of Chefs’ Warehouse during the third quarter worth approximately $743,000. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Chefs’ Warehouse by 47.5% during the third quarter. First Eagle Investment Management LLC now owns 408,055 shares of the company’s stock worth $8,643,000 after acquiring an additional 131,479 shares during the period. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Trading Down 0.9 %

Shares of CHEF stock opened at $32.18 on Friday. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.46. The stock has a market cap of $1.28 billion, a P/E ratio of 37.42 and a beta of 2.21. The stock has a 50 day simple moving average of $36.16 and a 200 day simple moving average of $29.71. The Chefs’ Warehouse, Inc. has a 1 year low of $17.29 and a 1 year high of $39.00.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.04. The business had revenue of $950.50 million during the quarter, compared to analysts’ expectations of $910.67 million. Chefs’ Warehouse had a return on equity of 12.30% and a net margin of 1.01%. The firm’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 earnings per share. On average, research analysts predict that The Chefs’ Warehouse, Inc. will post 1.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. UBS Group boosted their price objective on Chefs’ Warehouse from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. BMO Capital Markets boosted their price objective on Chefs’ Warehouse from $35.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, Benchmark restated a “buy” rating and set a $49.00 price objective on shares of Chefs’ Warehouse in a report on Friday, January 12th.

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.