Quantbot Technologies LP bought a new stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Free Report) in the second quarter, Holdings Channel reports. The fund bought 38,695 shares of the company’s stock, valued at approximately $3,719,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Hantz Financial Services Inc. boosted its holdings in shares of Chefs’ Warehouse by 229.5% in the fourth quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $29,000 after acquiring an additional 319 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Chefs’ Warehouse by 515.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the company’s stock worth $31,000 after purchasing an additional 438 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in Chefs’ Warehouse in the fourth quarter worth approximately $31,000. Osaic Holdings Inc. lifted its position in Chefs’ Warehouse by 30.7% in the second quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock worth $51,000 after purchasing an additional 188 shares during the period. Finally, Parallel Advisors LLC boosted its stake in Chefs’ Warehouse by 98.7% during the 1st quarter. Parallel Advisors LLC now owns 926 shares of the company’s stock valued at $55,000 after purchasing an additional 460 shares in the last quarter. 91.55% of the stock is currently owned by institutional investors.
Chefs’ Warehouse Stock Performance
Shares of NASDAQ CHEF opened at $110.61 on Monday. The company has a quick ratio of 1.31, a current ratio of 2.15 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 52.67 and a beta of 1.38. The stock’s fifty day simple moving average is $100.92 and its 200 day simple moving average is $80.56. The Chefs’ Warehouse, Inc. has a 52-week low of $53.20 and a 52-week high of $117.33.
Analyst Upgrades and Downgrades
CHEF has been the topic of a number of research analyst reports. TD Cowen lifted their target price on Chefs’ Warehouse from $110.00 to $123.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Wall Street Zen raised shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Benchmark raised their price objective on shares of Chefs’ Warehouse from $106.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, July 30th. UBS Group lifted their price objective on shares of Chefs’ Warehouse from $114.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings upgraded shares of Chefs’ Warehouse from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $107.43.
Check Out Our Latest Stock Analysis on CHEF
Insider Buying and Selling
In other Chefs’ Warehouse news, CEO Christopher Pappas sold 100,000 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $110.11, for a total transaction of $11,011,000.00. Following the completion of the sale, the chief executive officer directly owned 2,105,480 shares of the company’s stock, valued at approximately $231,834,402.80. This represents a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Christina Polychroni sold 2,752 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $112.00, for a total transaction of $308,224.00. Following the completion of the transaction, the insider owned 22,014 shares of the company’s stock, valued at approximately $2,465,568. The trade was a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 137,752 shares of company stock valued at $15,203,174. 11.10% of the stock is owned by corporate insiders.
Chefs’ Warehouse Company 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.
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