Activist Legion Nominates Directors to Chefs' Warehouse [BNN Bloomberg (Canada)]
The Chefs' Warehouse, Inc. (CHEF)
Last the chefs' warehouse, inc. earnings: 2/12 04:05 pm
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US:NASDAQ Investor Relations:
investors.chefswarehouse.com/investor-relations
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Source: BNN Bloomberg
The investor is urging the company to limit additional acquisitions and focus on improving its profit margin. Legion, which has an economic interest of 3.3% in Chefs' Warehouse, is seeking four seats on the company's 10-members board. Legion said in the letter that the board of Chefs' Warehouse has failed to hold management accountable for not improving its profitability and has instead supported the deployment of $800 million in acquisitions. A representative for Ridgefield, Connecticut-based Chefs' Warehouse didn't immediately respond to requests for comment. Chefs' Warehouse, which distributes specialty food products, has been telling investors since 2014 that it targets an earnings before interest, taxes, depreciation and amortization margin of 7% and has failed to achieve that goal, Legion said. The company's best-performing year for that metric was 2015, when it saw an Ebitda margin of 6.17%, according to the letter. “We believe this lack of progress is a result of a st
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CHEF
News
- The Chefs' Warehouse, Inc. (NASDAQ: CHEF) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- The Chefs' Warehouse, Inc. (NASDAQ: CHEF) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $50.00 price target on the stock.MarketBeat
- Why Chefs' Warehouse Stock Dropped on Wednesday [Yahoo! Finance]Yahoo! Finance
- The Chefs' Warehouse Reports First Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
CHEF
Earnings
- 5/1/24 - Beat
CHEF
Sec Filings
- 5/1/24 - Form 10-Q
- 5/1/24 - Form 8-K
- 3/27/24 - Form ARS
- CHEF's page on the SEC website