Legion Partners Asset Management LLC decreased its holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 1.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,529,363 shares of the company’s stock after selling 29,900 shares during the quarter. The Chefs’ Warehouse accounts for about 9.1% of Legion Partners Asset Management LLC’s portfolio, making the stock its 5th largest holding. Legion Partners Asset Management LLC owned approximately 5.80% of The Chefs’ Warehouse worth $19,882,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CHEF. Voya Investment Management LLC acquired a new stake in The Chefs’ Warehouse in the 2nd quarter worth about $132,000. Stifel Financial Corp acquired a new stake in The Chefs’ Warehouse in the 2nd quarter worth about $151,000. Bank of Montreal Can raised its stake in The Chefs’ Warehouse by 4,428.6% in the 2nd quarter. Bank of Montreal Can now owns 12,046 shares of the company’s stock worth $157,000 after purchasing an additional 11,780 shares in the last quarter. American International Group Inc. raised its stake in The Chefs’ Warehouse by 7.1% in the 1st quarter. American International Group Inc. now owns 11,917 shares of the company’s stock worth $166,000 after purchasing an additional 791 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in The Chefs’ Warehouse by 4.5% in the 2nd quarter. Nationwide Fund Advisors now owns 15,118 shares of the company’s stock worth $197,000 after purchasing an additional 650 shares in the last quarter. Institutional investors and hedge funds own 78.01% of the company’s stock.

CHEF has been the subject of several analyst reports. Zacks Investment Research upgraded shares of The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Friday, August 11th. Canaccord Genuity reiterated a “buy” rating and issued a $19.00 price objective (up previously from $18.00) on shares of The Chefs’ Warehouse in a research note on Friday, August 11th. BidaskClub upgraded shares of The Chefs’ Warehouse from a “strong sell” rating to a “sell” rating in a research note on Sunday, July 16th. ValuEngine cut shares of The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research note on Wednesday, July 19th. Finally, Jefferies Group LLC set a $20.00 price objective on shares of The Chefs’ Warehouse and gave the stock a “buy” rating in a research note on Friday, August 25th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $18.17.

ILLEGAL ACTIVITY NOTICE: This news story was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international copyright laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/10/05/the-chefs-warehouse-inc-chef-shares-sold-by-legion-partners-asset-management-llc.html.

The Chefs’ Warehouse, Inc. (CHEF) traded up 1.53% during trading on Thursday, reaching $19.90. 45,468 shares of the company’s stock traded hands. The stock has a market cap of $524.56 million, a price-to-earnings ratio of 41.29 and a beta of 1.11. The Chefs’ Warehouse, Inc. has a 52-week low of $10.80 and a 52-week high of $20.05. The company’s 50 day moving average is $17.93 and its 200-day moving average is $15.19.

The Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, August 9th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The business had revenue of $331.70 million for the quarter, compared to the consensus estimate of $325.16 million. The Chefs’ Warehouse had a net margin of 0.99% and a return on equity of 4.56%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.15 earnings per share. On average, analysts anticipate that The Chefs’ Warehouse, Inc. will post $0.41 earnings per share for the current fiscal year.

The 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.

Want to see what other hedge funds are holding CHEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Chefs’ Warehouse, Inc. (NASDAQ:CHEF).

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

Receive News & Ratings for The Chefs' Warehouse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Chefs' Warehouse Inc. and related companies with MarketBeat.com's FREE daily email newsletter.