Everence Capital Management Inc. Takes $604,000 Position in Chefs’ Warehouse Inc (CHEF)

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Everence Capital Management Inc. acquired a new position in shares of Chefs’ Warehouse Inc (NASDAQ:CHEF) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 19,440 shares of the company’s stock, valued at approximately $604,000.

Other hedge funds have also made changes to their positions in the company. BlackRock Inc. increased its holdings in Chefs’ Warehouse by 57.5% in the 4th quarter. BlackRock Inc. now owns 3,425,470 shares of the company’s stock worth $109,546,000 after purchasing an additional 1,250,763 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Chefs’ Warehouse by 0.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,512,579 shares of the company’s stock worth $48,372,000 after purchasing an additional 6,526 shares during the period. Conestoga Capital Advisors LLC grew its stake in Chefs’ Warehouse by 3.2% during the first quarter. Conestoga Capital Advisors LLC now owns 1,341,304 shares of the company’s stock worth $41,647,000 after purchasing an additional 41,771 shares during the period. Vanguard Group Inc grew its stake in Chefs’ Warehouse by 6.9% during the third quarter. Vanguard Group Inc now owns 1,292,698 shares of the company’s stock worth $46,990,000 after purchasing an additional 83,726 shares during the period. Finally, Vanguard Group Inc. grew its stake in Chefs’ Warehouse by 6.9% during the third quarter. Vanguard Group Inc. now owns 1,292,698 shares of the company’s stock worth $46,990,000 after purchasing an additional 83,726 shares during the period. Institutional investors and hedge funds own 83.33% of the company’s stock.

In other news, General Counsel Alexandros Aldous sold 8,632 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $31.05, for a total value of $268,023.60. Following the transaction, the general counsel now owns 48,290 shares in the company, valued at $1,499,404.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph M. Cugine bought 905 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was bought at an average price of $33.01 per share, for a total transaction of $29,874.05. Following the acquisition, the director now directly owns 21,336 shares of the company’s stock, valued at $704,301.36. The disclosure for this purchase can be found here. 15.90% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:CHEF opened at $34.30 on Thursday. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 43.97, a PEG ratio of 2.18 and a beta of 0.81. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.42 and a current ratio of 2.31. Chefs’ Warehouse Inc has a 52-week low of $26.25 and a 52-week high of $39.26.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $357.03 million during the quarter, compared to the consensus estimate of $348.33 million. Chefs’ Warehouse had a return on equity of 8.02% and a net margin of 1.42%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.03 EPS. Equities research analysts anticipate that Chefs’ Warehouse Inc will post 1.03 earnings per share for the current year.

Several equities research analysts recently commented on the company. BidaskClub raised Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research note on Wednesday, January 16th. Zacks Investment Research raised Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating and set a $39.00 target price for the company in a research note on Monday, May 6th. Barclays reaffirmed a “hold” rating on shares of Chefs’ Warehouse in a research note on Sunday, May 5th. TheStreet cut Chefs’ Warehouse from a “b+” rating to a “c+” rating in a research note on Monday, May 6th. Finally, BMO Capital Markets raised Chefs’ Warehouse from a “market perform” rating to an “outperform” rating and set a $33.31 target price for the company in a research note on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $33.66.

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

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