6% Stake of Chefs' Warehouse Inc (CHEF) Maintained by Legion Partners Asset Management, LLC

Legion Partners Asset Management, LLC

stated that they own 6% of Chefs' Warehouse Inc (NASDAQ:CHEF) in a Form 13D/A disclosure that was filed with the Securities and Exchange Commission on Tuesday, January 16th. The investor owns 1,704,239 shares of the stock worth about $34,596,052. The reporting parties listed on the disclosure included Legion Partners, LP I, Legion Partners, LP II, Legion Partners Special Opportunities, LP VII, Legion Partners, LLC, Legion Partners Asset Management, LLC, Legion Partners Holdings, LLC, Christopher S Kiper and Raymond White. The disclosure is available through EDGAR at this link.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its position in shares of Chefs' Warehouse by 30.1% during the second quarter. Alliancebernstein L.P. now owns 1,860,303 shares of the company’s stock valued at $24,184,000 after buying an additional 430,943 shares during the last quarter. Boston Partners purchased a new stake in shares of Chefs' Warehouse during the third quarter valued at $7,095,000. Legion Partners Asset Management LLC lifted its holdings in Chefs' Warehouse by 11.4% in the third quarter. Legion Partners Asset Management LLC now owns 1,704,239 shares of the company’s stock valued at $32,892,000 after acquiring an additional 174,876 shares during the period. Russell Investments Group Ltd. bought a new position in Chefs' Warehouse in the third quarter valued at about $3,124,000. Finally, Dimensional Fund Advisors LP lifted its holdings in Chefs' Warehouse by 18.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,008,855 shares of the company’s stock valued at $13,115,000 after acquiring an additional 158,345 shares during the period. 72.96% of the stock is currently owned by hedge funds and other institutional investors.

Chefs' Warehouse Inc (NASDAQ CHEF) traded down $0.35 during midday trading on Tuesday, reaching $20.30. The company’s stock had a trading volume of 134,298 shares, compared to its average volume of 155,294. The stock has a market cap of $577.78, a PE ratio of 38.30, a PEG ratio of 1.62 and a beta of 1.09. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.26 and a quick ratio of 1.31. Chefs' Warehouse Inc has a fifty-two week low of $11.85 and a fifty-two week high of $21.90.

Chefs' Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, November 8th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.01. The firm had revenue of $325.08 million during the quarter, compared to analysts’ expectations of $322.78 million. Chefs' Warehouse had a return on equity of 5.08% and a net margin of 1.09%. The company’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS. equities analysts predict that Chefs' Warehouse Inc will post 0.41 EPS for the current fiscal year.

A number of research analysts have weighed in on CHEF shares. Zacks Investment Research downgraded Chefs' Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Canaccord Genuity reaffirmed a “buy” rating and issued a $22.00 price objective on shares of Chefs' Warehouse in a research note on Thursday, November 9th. TheStreet raised Chefs' Warehouse from a “c+” rating to a “b-” rating in a research note on Monday, October 2nd. Jefferies Group reaffirmed a “buy” rating and issued a $23.00 price objective on shares of Chefs' Warehouse in a research note on Friday, November 10th. Finally, Loop Capital raised their price objective on Chefs' Warehouse from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $20.00.

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About Chefs' Warehouse

The Chefs’ Warehouse, Inc is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada.

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

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