Dimensional Fund Advisors LP Grows Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Dimensional Fund Advisors LP boosted its holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 1.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,289,696 shares of the company’s stock after purchasing an additional 14,209 shares during the quarter. Dimensional Fund Advisors LP owned about 3.24% of Chefs’ Warehouse worth $50,440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHEF. GAMMA Investing LLC lifted its holdings in shares of Chefs’ Warehouse by 39.6% during the second quarter. GAMMA Investing LLC now owns 909 shares of the company’s stock worth $36,000 after purchasing an additional 258 shares during the period. Louisiana State Employees Retirement System increased its position in shares of Chefs’ Warehouse by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock valued at $696,000 after buying an additional 300 shares in the last quarter. Texas Permanent School Fund Corp increased its position in shares of Chefs’ Warehouse by 1.8% in the first quarter. Texas Permanent School Fund Corp now owns 30,896 shares of the company’s stock valued at $1,164,000 after buying an additional 543 shares in the last quarter. Nisa Investment Advisors LLC increased its position in Chefs’ Warehouse by 1,089.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 632 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in Chefs’ Warehouse by 11.0% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 11,164 shares of the company’s stock worth $420,000 after purchasing an additional 1,110 shares in the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lifted their price objective on Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chefs’ Warehouse has a consensus rating of “Moderate Buy” and an average price target of $49.25.

Chefs’ Warehouse Trading Down 2.1 %

Shares of CHEF stock opened at $41.80 on Monday. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.08 and a current ratio of 1.85. The Chefs’ Warehouse, Inc. has a 1 year low of $17.29 and a 1 year high of $44.58. The stock has a fifty day moving average of $40.20 and a two-hundred day moving average of $38.56. The firm has a market capitalization of $1.66 billion, a PE ratio of 48.05 and a beta of 2.32.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The business had revenue of $954.70 million during the quarter, compared to analyst estimates of $945.34 million. Chefs’ Warehouse had a return on equity of 12.62% and a net margin of 1.11%. The company’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 earnings per share. As a group, research analysts expect that The Chefs’ Warehouse, Inc. will post 1.43 EPS for the current year.

Insider Transactions at Chefs’ Warehouse

In other news, General Counsel Alexandros Aldous sold 10,000 shares of the stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $42.50, for a total transaction of $425,000.00. Following the transaction, the general counsel now owns 119,342 shares of the company’s stock, valued at approximately $5,072,035. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 11.90% of the company’s stock.

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.