Chefs Warehouse Inc (NASDAQ:CHEF) Shifting Institutional Investors Sentiment

September 8, 2018 - By Lisa Delgado

The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Logo

Sentiment for Chefs Warehouse Inc (NASDAQ:CHEF)

Chefs Warehouse Inc (NASDAQ:CHEF) institutional sentiment increased to 2.15 in 2018 Q1. Its up 0.70, from 1.45 in 2017Q4. The ratio has increased, as 73 institutional investors increased or opened new equity positions, while 34 cut down and sold stock positions in Chefs Warehouse Inc. The institutional investors in our partner’s database now possess: 21.12 million shares, down from 23.76 million shares in 2017Q4. Also, the number of institutional investors holding Chefs Warehouse Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 11 Reduced: 23 Increased: 48 New Position: 25.

The ChefsÂ’ Warehouse, Inc., together with its subsidiaries, distributes specialty food products in the United States and Canada. The company has market cap of $918.64 million. The Company’s product portfolio includes approximately 43,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products. It has a 43.41 P/E ratio. The firm also offers a line of center-of-the-plate products, including custom cut beef, seafood, and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk, and flour.

The stock increased 3.20% or $0.95 during the last trading session, reaching $30.65. About 502,616 shares traded or 127.59% up from the average. The Chefs' Warehouse, Inc. (NASDAQ:CHEF) has risen 74.45% since September 8, 2017 and is uptrending. It has outperformed by 61.88% the S&P500.

Analysts await The Chefs' Warehouse, Inc. (NASDAQ:CHEF) to report earnings on November, 14. They expect $0.17 EPS, up 54.55 % or $0.06 from last year’s $0.11 per share. CHEF’s profit will be $5.10M for 45.07 P/E if the $0.17 EPS becomes a reality. After $0.24 actual EPS reported by The Chefs' Warehouse, Inc. for the previous quarter, Wall Street now forecasts -29.17 % negative EPS growth.

Rutabaga Capital Management Llc Ma holds 1.22% of its portfolio in The Chefs' Warehouse, Inc. for 225,334 shares. Conestoga Capital Advisors Llc owns 1.04 million shares or 0.92% of their US portfolio. Moreover, Eagle Boston Investment Management Inc has 0.91% invested in the company for 396,772 shares. The California-based Kayne Anderson Rudnick Investment Management Llc has invested 0.74% in the stock. Wasatch Advisors Inc, a Utah-based fund reported 1.85 million shares.

Since January 1, 0001, it had 0 insider buys, and 3 insider sales for $876,829 activity.

The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Ratings Coverage

Ratings analysis reveals 100% of The Chefs’ Warehouse’s analysts are positive. Out of 2 Wall Street analysts rating The Chefs’ Warehouse, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $2900 while the high is $2900. The stock’s average target of $29 is -5.38% below today’s ($30.65) share price. CHEF was included in 2 notes of analysts from May 10, 2018. The stock of The Chefs' Warehouse, Inc. (NASDAQ:CHEF) earned “Buy” rating by Canaccord Genuity on Thursday, May 10.

More news for The Chefs' Warehouse, Inc. (NASDAQ:CHEF) were recently published by: Investorplace.com, which released: “5 Top Winners From Trump’s $6 Billion Trade Relief Program” on August 30, 2018. Globenewswire.com‘s article titled: “Market Trends Toward New Normal in Hornbeck Offshore Services, The Chefs’ Warehouse, Installed Building Products …” and published on August 24, 2018 is yet another important article.

The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Institutional Positions Chart

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