NFJ Investment Group LLC acquired a new stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 42,201 shares of the company’s stock, valued at approximately $2,630,000.
Several other hedge funds also recently bought and sold shares of the business. HighTower Advisors LLC grew its position in Chefs’ Warehouse by 1.7% in the 4th quarter. HighTower Advisors LLC now owns 9,536 shares of the company’s stock valued at $594,000 after acquiring an additional 161 shares during the last quarter. State of Alaska Department of Revenue grew its position in Chefs’ Warehouse by 1.0% in the 4th quarter. State of Alaska Department of Revenue now owns 18,437 shares of the company’s stock valued at $1,149,000 after acquiring an additional 183 shares during the last quarter. Osaic Holdings Inc. grew its position in Chefs’ Warehouse by 30.7% in the 2nd quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock valued at $51,000 after acquiring an additional 188 shares during the last quarter. CWM LLC grew its position in Chefs’ Warehouse by 10.5% in the 4th quarter. CWM LLC now owns 2,133 shares of the company’s stock valued at $133,000 after acquiring an additional 203 shares during the last quarter. Finally, Tidal Investments LLC grew its position in Chefs’ Warehouse by 4.9% in the 2nd quarter. Tidal Investments LLC now owns 4,341 shares of the company’s stock valued at $277,000 after acquiring an additional 204 shares during the last quarter. Institutional investors own 91.55% of the company’s stock.
Chefs’ Warehouse Stock Performance
Shares of NASDAQ:CHEF opened at $90.75 on Monday. The business’s 50-day moving average is $73.57 and its 200 day moving average is $67.00. The Chefs’ Warehouse, Inc. has a 1 year low of $53.20 and a 1 year high of $92.10. The firm has a market capitalization of $3.70 billion, a P/E ratio of 50.42 and a beta of 1.44. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.18 and a quick ratio of 1.33.
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. Benchmark upped their price objective on Chefs’ Warehouse from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. BTIG Research upped their target price on Chefs’ Warehouse from $82.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Research upgraded Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Wall Street Zen cut Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings cut Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Chefs’ Warehouse currently has a consensus rating of “Moderate Buy” and an average price target of $83.83.
Get Our Latest Stock Analysis on Chefs’ Warehouse
Insider Activity
In other news, insider Christina Polychroni sold 4,500 shares of the stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $79.21, for a total value of $356,445.00. Following the transaction, the insider directly owned 24,642 shares of the company’s stock, valued at approximately $1,951,892.82. This represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher Pappas sold 125,000 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $78.00, for a total value of $9,750,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,189,453 shares in the company, valued at $170,777,334. This represents a 5.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 11.10% of the company’s stock.
Chefs’ Warehouse Profile
Chefs’ Warehouse, Inc is a specialty food distributor that supplies a broad range of high‐end ingredients and culinary products to professional chefs, restaurants, hotels, and other foodservice operators. Headquartered in Maspeth, New York, the company sources its portfolio from local artisans, boutique producers and leading global suppliers. Its core offerings include fresh and frozen proteins, specialty cuts of meat and seafood, handcrafted cheeses and charcuterie, seasonal produce, value‐added preparations, pantry staples and premium desserts and beverages.
The company operates a network of distribution centers strategically located in major metropolitan markets across North America.
Further Reading
- Five stocks we like better than Chefs’ Warehouse
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
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 – Free Report).
Receive News & Ratings for Chefs' Warehouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chefs' Warehouse and related companies with MarketBeat.com's FREE daily email newsletter.
