Chefs’ Warehouse Inc (CHEF) Shares Sold by Elk Creek Partners LLC

Elk Creek Partners LLC decreased its stake in shares of Chefs’ Warehouse Inc (NASDAQ:CHEF) by 14.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 251,843 shares of the company’s stock after selling 40,854 shares during the period. Elk Creek Partners LLC owned about 0.84% of Chefs’ Warehouse worth $9,154,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Chefs’ Warehouse by 47.2% during the third quarter. BlackRock Inc. now owns 2,174,707 shares of the company’s stock valued at $79,050,000 after acquiring an additional 697,526 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Chefs’ Warehouse by 23.8% during the third quarter. Bank of New York Mellon Corp now owns 170,791 shares of the company’s stock valued at $6,208,000 after acquiring an additional 32,872 shares during the period. EAM Global Investors LLC acquired a new position in shares of Chefs’ Warehouse during the third quarter valued at approximately $1,847,000. EAM Investors LLC acquired a new position in shares of Chefs’ Warehouse during the third quarter valued at approximately $4,832,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in shares of Chefs’ Warehouse during the third quarter valued at approximately $369,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ CHEF opened at $36.17 on Friday. The company has a current ratio of 2.71, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94. The company has a market cap of $1.05 billion, a P/E ratio of 82.20, a P/E/G ratio of 2.36 and a beta of 0.88. Chefs’ Warehouse Inc has a 12 month low of $18.15 and a 12 month high of $39.26.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Thursday, November 1st. The company reported $0.19 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $361.50 million for the quarter, compared to analyst estimates of $354.26 million. Chefs’ Warehouse had a net margin of 1.49% and a return on equity of 7.41%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 earnings per share. Sell-side analysts predict that Chefs’ Warehouse Inc will post 0.78 EPS for the current fiscal year.

A number of research analysts recently commented on CHEF shares. BidaskClub lowered shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note on Saturday, October 13th. Jefferies Financial Group lowered shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note on Wednesday, September 26th. BMO Capital Markets lowered shares of Chefs’ Warehouse from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $34.00 to $38.00 in a research note on Monday, October 1st. They noted that the move was a valuation call. Loop Capital raised their price objective on shares of Chefs’ Warehouse to $39.00 and gave the company a “positive” rating in a research note on Wednesday, October 24th. Finally, Zacks Investment Research upgraded shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Friday, August 3rd. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Chefs’ Warehouse has an average rating of “Buy” and a consensus price target of $32.67.

In other Chefs’ Warehouse news, Vice Chairman John Pappas sold 59,506 shares of Chefs’ Warehouse stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $35.01, for a total value of $2,083,305.06. Following the transaction, the insider now owns 1,305,921 shares in the company, valued at $45,720,294.21. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Katherine Oliver purchased 1,088 shares of the firm’s stock in a transaction on Monday, September 10th. The stock was acquired at an average price of $32.10 per share, for a total transaction of $34,924.80. Following the transaction, the director now owns 14,056 shares of the company’s stock, valued at approximately $451,197.60. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 574,119 shares of company stock worth $20,319,681. 20.60% of the stock is currently owned by company insiders.

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About Chefs’ Warehouse

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 48,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

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Institutional Ownership by Quarter for Chefs` Warehouse (NASDAQ:CHEF)

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