Wells Fargo & Company MN Acquires 20,535 Shares of Chef’s Warehouse (CHEF)

Wells Fargo & Company MN increased its position in shares of Chef’s Warehouse (NASDAQ:CHEF) by 5.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 367,697 shares of the company’s stock after purchasing an additional 20,535 shares during the quarter. Wells Fargo & Company MN owned approximately 1.29% of Chef’s Warehouse worth $7,538,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CHEF. Atria Investments LLC acquired a new stake in shares of Chef’s Warehouse during the 4th quarter worth about $205,000. The Manufacturers Life Insurance Company increased its position in shares of Chef’s Warehouse by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,943 shares of the company’s stock worth $221,000 after purchasing an additional 555 shares in the last quarter. Comerica Bank acquired a new stake in shares of Chef’s Warehouse during the 4th quarter worth about $240,000. Bank of Montreal Can increased its position in shares of Chef’s Warehouse by 48.9% during the 4th quarter. Bank of Montreal Can now owns 14,925 shares of the company’s stock worth $305,000 after purchasing an additional 4,901 shares in the last quarter. Finally, Macquarie Group Ltd. bought a new stake in Chef’s Warehouse during the 3rd quarter worth about $365,000. Institutional investors and hedge funds own 90.25% of the company’s stock.

How to Become a New Pot Stock Millionaire

A number of equities research analysts have commented on the stock. Canaccord Genuity reissued a “buy” rating and set a $24.00 price objective on shares of Chef’s Warehouse in a report on Monday, January 8th. Zacks Investment Research raised shares of Chef’s Warehouse from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. BidaskClub raised shares of Chef’s Warehouse from a “sell” rating to a “hold” rating in a report on Wednesday, February 14th. Finally, ValuEngine raised shares of Chef’s Warehouse from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $22.60.

NASDAQ:CHEF traded up $0.20 during mid-day trading on Monday, reaching $24.05. 136,190 shares of the company were exchanged, compared to its average volume of 167,896. Chef’s Warehouse has a 12 month low of $11.85 and a 12 month high of $25.93. The company has a quick ratio of 1.80, a current ratio of 2.74 and a debt-to-equity ratio of 1.26. The firm has a market cap of $682.09, a P/E ratio of 54.66, a P/E/G ratio of 1.50 and a beta of 0.84.

Chef’s Warehouse (NASDAQ:CHEF) last issued its earnings results on Tuesday, February 20th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $357.00 million for the quarter, compared to analyst estimates of $352.95 million. Chef’s Warehouse had a net margin of 1.10% and a return on equity of 5.48%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. equities analysts predict that Chef’s Warehouse will post 0.73 earnings per share for the current fiscal year.

In other news, General Counsel Alexandros Aldous sold 9,095 shares of the firm’s stock in a transaction dated Wednesday, March 21st. The shares were sold at an average price of $25.00, for a total value of $227,375.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 20.60% of the stock is currently owned by company insiders.

COPYRIGHT VIOLATION NOTICE: “Wells Fargo & Company MN Acquires 20,535 Shares of Chef’s Warehouse (CHEF)” was originally reported by Week Herald and is the sole property of of Week Herald. If you are reading this report on another site, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this report can be viewed at https://weekherald.com/2018/04/16/wells-fargo-warehouse-inc-chef.html.

Chef’s Warehouse Profile

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.

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

Receive News & Ratings for Chef's Warehouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chef's Warehouse and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply