Everence Capital Management Inc. Takes Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Everence Capital Management Inc. acquired a new stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,340 shares of the company’s stock, valued at approximately $245,000.

Other large investors also recently modified their holdings of the company. Littlejohn & Co. LLC bought a new stake in shares of Chefs’ Warehouse in the 3rd quarter valued at approximately $1,632,000. Campbell & CO Investment Adviser LLC bought a new stake in Chefs’ Warehouse during the 3rd quarter worth approximately $664,000. Welch & Forbes LLC grew its position in Chefs’ Warehouse by 386.6% during the 3rd quarter. Welch & Forbes LLC now owns 61,775 shares of the company’s stock worth $1,308,000 after acquiring an additional 49,080 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Chefs’ Warehouse during the 3rd quarter worth approximately $743,000. Finally, First Eagle Investment Management LLC grew its position in Chefs’ Warehouse by 47.5% during the 3rd quarter. First Eagle Investment Management LLC now owns 408,055 shares of the company’s stock worth $8,643,000 after acquiring an additional 131,479 shares during the last quarter. 91.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CHEF. Benchmark restated a “buy” rating and set a $49.00 price target on shares of Chefs’ Warehouse in a research report on Friday, January 12th. BMO Capital Markets increased their price target on Chefs’ Warehouse from $35.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, UBS Group increased their price target on Chefs’ Warehouse from $36.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th.

Chefs’ Warehouse Stock Down 0.9 %

Shares of CHEF opened at $32.18 on Friday. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 37.42 and a beta of 2.21. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.16 and a current ratio of 1.89. The business’s fifty day moving average price is $36.16 and its two-hundred day moving average price is $29.71. The Chefs’ Warehouse, Inc. has a 52 week low of $17.29 and a 52 week high of $39.00.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The firm had revenue of $950.50 million for the quarter, compared to analyst estimates of $910.67 million. Chefs’ Warehouse had a return on equity of 12.30% and a net margin of 1.01%. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. On average, analysts predict that The Chefs’ Warehouse, Inc. will post 1.33 earnings per share for the current year.

Chefs’ Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company's product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.