The Chefs’ Warehouse, Inc. (CHEF) Hits a 52-Week High


The company is so far trading up from yesterday’s close of $17.25. The stock is trading at $17.60 much higher than $13.82, the 50 day moving average and well above the 200 day moving average of $14.55. The 50 day moving average moved up $3.78 and the 200 day average was up $3.05.

The Chefs’ Warehouse, Inc., launched on June 17, 2005, 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..

The following firms have also recently changed their position in CHEF. Dimensional Fund Advisors Lp grew its ownership by buying 158,345 shares an increase of 18.6% as of 06/30/2017. Dimensional Fund Advisors Lp now holds 1,008,855 shares worth $13,115,000. The value of the position overall is up by 10.9%. Jupiter Asset Management Ltd divested its holdings by shedding 15,799 shares a decrease of 4.7% in the quarter. Jupiter Asset Management Ltd now controls 321,545 shares valued at $4,180,000. The total value of its holdings decreased 10.9%.

As of quarter end Barrow Hanley Mewhinney & Strauss LLC had bought a total of 22,173 shares growing its position 29.1%. The value of the company’s investment in The Chefs’ Warehouse, Inc. went from $1,061,000 to $1,280,000 increasing 20.6% since the last quarter. Menta Capital LLC downsized its position by shedding 5,600 shares a decrease of 5.6% from 03/31/2017 to 06/30/2017. Menta Capital LLC controls 94,197 shares with a value of $1,225,000. The total value of its holdings decreased 11.7%.

Loop Capital released its first research report on the stock giving it an initial rating of “Buy”.

The P/E ratio is currently 36.51 and the market value is 457.42M. As of the latest earnings report the EPS was $0.01 and is projected to be $0.40 for the current year with 25,990,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.21 and the next full year EPS is projected to be $0.57.