Chefs' Warehouse Inc (CHEF) Shares Bought by Trexquant Investment LP

Trexquant Investment LP increased its stake in Chefs' Warehouse Inc (NASDAQ:CHEF) by 45.4% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 18,469 shares of the company’s stock after buying an additional 5,769 shares during the period. Trexquant Investment LP’s holdings in Chefs' Warehouse were worth $257,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nationwide Fund Advisors boosted its position in Chefs' Warehouse by 6.7% in the first quarter. Nationwide Fund Advisors now owns 14,468 shares of the company’s stock valued at $201,000 after buying an additional 906 shares during the last quarter. Sei Investments Co. boosted its position in Chefs' Warehouse by 296.8% in the first quarter. Sei Investments Co. now owns 42,378 shares of the company’s stock valued at $589,000 after buying an additional 31,698 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in Chefs' Warehouse by 3,447.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 48,855 shares of the company’s stock valued at $772,000 after buying an additional 47,478 shares during the last quarter. Two Sigma Investments LP bought a new position in Chefs' Warehouse during the fourth quarter valued at approximately $811,000. Finally, Bank of New York Mellon Corp boosted its position in Chefs' Warehouse by 2.7% in the first quarter. Bank of New York Mellon Corp now owns 71,074 shares of the company’s stock valued at $988,000 after buying an additional 1,871 shares during the last quarter. 74.33% of the stock is owned by hedge funds and other institutional investors.

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

Chefs' Warehouse Inc (NASDAQ CHEF) opened at 15.20 on Friday. Chefs' Warehouse Inc has a 1-year low of $10.31 and a 1-year high of $17.15. The company’s 50-day moving average price is $14.64 and its 200 day moving average price is $14.81. The firm has a market capitalization of $400.54 million, a PE ratio of 1013.33 and a beta of 1.31.

Chefs' Warehouse (NASDAQ:CHEF) last announced its earnings results on Tuesday, May 9th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The company had revenue of $287.70 million during the quarter, compared to the consensus estimate of $284.45 million. Chefs' Warehouse had a negative return on equity of 3.41% and a negative net margin of 0.57%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the firm earned $0.05 earnings per share. On average, equities analysts anticipate that Chefs' Warehouse Inc will post $0.38 EPS for the current year.

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Several research firms recently commented on CHEF. Canaccord Genuity began coverage on Chefs' Warehouse in a research note on Friday, April 7th. They set a “buy” rating and a $18.00 target price for the company. BMO Capital Markets reissued a “hold” rating and set a $16.00 target price (up from $12.00) on shares of Chefs' Warehouse in a research note on Friday, February 24th. Zacks Investment Research raised Chefs' Warehouse from a “sell” rating to a “hold” rating in a research note on Thursday, April 6th. Loop Capital began coverage on Chefs' Warehouse in a research note on Monday, May 15th. They set a “buy” rating and a $18.00 target price for the company. Finally, Barclays PLC reissued an “equal weight” rating and set a $14.00 target price (up from $12.00) on shares of Chefs' Warehouse in a research note on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Chefs' Warehouse has a consensus rating of “Hold” and an average price target of $16.14.

Chefs' Warehouse Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CHEF”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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