Kayne Anderson Rudnick Investment Management LLC lessened its position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 8.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,485,207 shares of the company’s stock after selling 405,784 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned 17.02% of The Chefs’ Warehouse worth $58,308,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. American International Group Inc. grew its stake in The Chefs’ Warehouse by 7.1% during the 1st quarter. American International Group Inc. now owns 11,917 shares of the company’s stock valued at $166,000 after purchasing an additional 791 shares during the last quarter. Bank of Montreal Can grew its stake in The Chefs’ Warehouse by 4,428.6% during the 2nd quarter. Bank of Montreal Can now owns 12,046 shares of the company’s stock valued at $157,000 after purchasing an additional 11,780 shares during the last quarter. Nationwide Fund Advisors grew its stake in The Chefs’ Warehouse by 6.7% during the 1st quarter. Nationwide Fund Advisors now owns 14,468 shares of the company’s stock valued at $201,000 after purchasing an additional 906 shares during the last quarter. Trexquant Investment LP grew its stake in The Chefs’ Warehouse by 45.4% during the 1st quarter. Trexquant Investment LP now owns 18,469 shares of the company’s stock valued at $257,000 after purchasing an additional 5,769 shares during the last quarter. Finally, OppenheimerFunds Inc. purchased a new stake in The Chefs’ Warehouse during the 1st quarter valued at about $288,000. Institutional investors and hedge funds own 78.01% of the company’s stock.

The Chefs’ Warehouse, Inc. (CHEF) opened at 17.40 on Tuesday. The Chefs’ Warehouse, Inc. has a one year low of $10.71 and a one year high of $18.30. The firm has a market cap of $458.66 million, a PE ratio of 36.10 and a beta of 1.11. The stock has a 50 day moving average price of $15.71 and a 200 day moving average price of $14.65.

The Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $331.70 million for the quarter, compared to analyst estimates of $325.16 million. The Chefs’ Warehouse had a return on equity of 4.56% and a net margin of 0.99%. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 earnings per share. Equities research analysts expect that The Chefs’ Warehouse, Inc. will post $0.41 EPS for the current year.

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Several analysts have weighed in on CHEF shares. BidaskClub upgraded The Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. Jefferies Group LLC reiterated a “buy” rating and set a $19.00 price target on shares of The Chefs’ Warehouse in a research note on Thursday, June 1st. Loop Capital started coverage on The Chefs’ Warehouse in a research note on Monday, May 15th. They set a “buy” rating and a $18.00 price target on the stock. Zacks Investment Research upgraded The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Tuesday, July 11th. Finally, Canaccord Genuity started coverage on The Chefs’ Warehouse in a research note on Tuesday, July 4th. They set a “buy” rating and a $18.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $18.17.

About The 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 The Chefs` Warehouse (NASDAQ:CHEF)

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