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


The company is so far trading up by 2.03% since yesterday’s close of $17.25. The stock last traded at $17.60 a great deal higher than the 50 day moving average which is $13.82 and significantly above the 200 day moving average of $14.55. The 50 day moving average was up $3.78 whereas the 200 day average was up by +20.97%.

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..

These funds have also shifted positions in (CHEF). Dimensional Fund Advisors Lp added to its holdings by buying 158,345 shares an increase of 18.6%. Dimensional Fund Advisors Lp owns 1,008,855 shares valued at $13,115,000. The total value of its holdings increased 10.9%. Jupiter Asset Management Ltd divested its position by shedding 15,799 shares a decrease of 4.7% from 03/31/2017 to 06/30/2017. Jupiter Asset Management Ltd claims 321,545 shares worth $4,180,000. The value of the position overall is down by 10.9%.

As of the end of the quarter Barrow Hanley Mewhinney & Strauss LLC had acquired a total of 22,173 shares growing its holdings by 29.1%. The value in dollars increased from $1,061,000 to $1,280,000 increasing 20.6% quarter to quarter. Menta Capital LLC trimmed its stake by shedding 5,600 shares a decrease of 5.6% in the quarter. Menta Capital LLC now holds 94,197 shares with a value of $1,225,000. The total value of its holdings decreased 11.7%.

On May 16 analysts at Loop Capital issued its first research report on the stock with an initial rating of “Buy”.

The P/E ratio is 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 now outstanding. Next quarter’s EPS is forecasted at $0.21 with next year’s EPS projected to be $0.57.