Dubuque Bank & Trust Co. cut its stake in Chefs’ Warehouse Inc (NASDAQ:CHEF) by 9.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,795 shares of the company’s stock after selling 900 shares during the period. Dubuque Bank & Trust Co.’s holdings in Chefs’ Warehouse were worth $355,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. C M Bidwell & Associates Ltd. purchased a new stake in Chefs’ Warehouse in the second quarter worth about $45,000. Aperio Group LLC acquired a new position in Chefs’ Warehouse in the 2nd quarter worth approximately $74,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Chefs’ Warehouse by 75.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the company’s stock worth $133,000 after buying an additional 1,635 shares during the period. JPMorgan Chase & Co. increased its holdings in Chefs’ Warehouse by 25.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,632 shares of the company’s stock worth $225,000 after buying an additional 1,327 shares during the period. Finally, CAPROCK Group Inc. acquired a new stake in shares of Chefs’ Warehouse during the 2nd quarter worth approximately $251,000. Hedge funds and other institutional investors own 83.68% of the company’s stock.
In other Chefs’ Warehouse news, Vice Chairman John Pappas sold 44,757 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $36.61, for a total value of $1,638,553.77. Following the transaction, the insider now owns 1,359,358 shares in the company, valued at approximately $49,766,096.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 15.90% of the company’s stock.
Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. The company had revenue of $411.40 million for the quarter, compared to analyst estimates of $410.13 million. Chefs’ Warehouse had a return on equity of 8.55% and a net margin of 1.44%. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. On average, sell-side analysts expect that Chefs’ Warehouse Inc will post 1.01 earnings per share for the current year.
A number of brokerages have recently issued reports on CHEF. TheStreet upgraded Chefs’ Warehouse from a “c+” rating to a “b-” rating in a research report on Friday, July 5th. Zacks Investment Research upgraded Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research report on Tuesday, October 1st. BidaskClub lowered Chefs’ Warehouse from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, ValuEngine lowered Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research report on Friday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $37.10.
Chefs’ Warehouse Company Profile
The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 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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