NFJ Investment Group LLC acquired a new position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 28,559 shares of the company’s stock, valued at approximately $2,745,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC purchased a new stake in Chefs’ Warehouse in the first quarter worth about $352,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Chefs’ Warehouse by 6.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,152 shares of the company’s stock valued at $1,152,000 after purchasing an additional 1,247 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Chefs’ Warehouse by 50.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 130,382 shares of the company’s stock valued at $7,101,000 after purchasing an additional 43,593 shares during the last quarter. Strs Ohio bought a new stake in shares of Chefs’ Warehouse in the 1st quarter worth approximately $98,000. Finally, Marshall Wace LLP bought a new stake in shares of Chefs’ Warehouse in the 2nd quarter worth approximately $243,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.
Insider Activity at Chefs’ Warehouse
In other Chefs’ Warehouse news, CEO Christopher Pappas sold 100,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $110.11, for a total transaction of $11,011,000.00. Following the sale, the chief executive officer directly owned 2,105,480 shares in the company, valued at approximately $231,834,402.80. This trade represents a 4.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Alexandros Aldous sold 35,000 shares of Chefs’ Warehouse stock in a transaction on Friday, August 14th. The stock was sold at an average price of $110.97, for a total value of $3,883,950.00. Following the completion of the sale, the general counsel directly owned 34,442 shares of the company’s stock, valued at approximately $3,822,028.74. The trade was a 50.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 137,752 shares of company stock valued at $15,203,174. 11.10% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
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Chefs’ Warehouse Trading Up 1.4%
Shares of NASDAQ CHEF opened at $108.84 on Friday. The firm’s 50 day moving average price is $100.52 and its 200-day moving average price is $80.23. The Chefs’ Warehouse, Inc. has a 52-week low of $53.20 and a 52-week high of $117.33. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.31 and a current ratio of 2.15. The company has a market cap of $4.44 billion, a PE ratio of 51.83 and a beta of 1.39.
Chefs’ Warehouse (NASDAQ:CHEF – Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.19. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. Chefs’ Warehouse had a net margin of 2.09% and a return on equity of 16.95%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. On average, equities research analysts expect that The Chefs’ Warehouse, Inc. will post 2.54 EPS for the current fiscal year.
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.
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