Repertoire Partners LP Acquires Shares of 34,783 The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Repertoire Partners LP acquired a new stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) in the 3rd quarter, HoldingsChannel reports. The firm acquired 34,783 shares of the company’s stock, valued at approximately $1,461,000. Chefs’ Warehouse accounts for approximately 1.6% of Repertoire Partners LP’s portfolio, making the stock its 11th largest holding.

Other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its holdings in shares of Chefs’ Warehouse by 1,089.7% during the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock worth $27,000 after buying an additional 632 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Chefs’ Warehouse by 39.6% during the second quarter. GAMMA Investing LLC now owns 909 shares of the company’s stock worth $36,000 after buying an additional 258 shares in the last quarter. Quarry LP acquired a new position in shares of Chefs’ Warehouse during the second quarter worth $54,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Chefs’ Warehouse during the second quarter worth $55,000. Finally, ORG Partners LLC acquired a new position in shares of Chefs’ Warehouse during the second quarter worth $122,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CHEF has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. BMO Capital Markets increased their price objective on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $50.50.

Chefs’ Warehouse Stock Performance

Shares of CHEF opened at $47.14 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $1.86 billion, a P/E ratio of 40.23 and a beta of 2.33. The firm’s fifty day simple moving average is $41.59 and its two-hundred day simple moving average is $40.43. The Chefs’ Warehouse, Inc. has a 12 month low of $27.06 and a 12 month high of $47.20.

Insider Buying and Selling at Chefs’ Warehouse

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 5,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the sale, the general counsel now owns 114,342 shares of the company’s stock, valued at approximately $5,145,390. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 11.90% of the company’s stock.

Chefs’ Warehouse Profile

The Chefs’ Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company’s product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.