WINTON GROUP Ltd Makes New Investment in The Chefs’ Warehouse, Inc. $CHEF

WINTON GROUP Ltd bought a new stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) in the 2nd quarter, Holdings Channel reports. The firm bought 11,722 shares of the company’s stock, valued at approximately $748,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CHEF. Center for Financial Planning Inc. bought a new stake in shares of Chefs’ Warehouse during the 2nd quarter worth approximately $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in Chefs’ Warehouse in the first quarter worth $37,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Chefs’ Warehouse during the first quarter worth $46,000. Strs Ohio purchased a new stake in shares of Chefs’ Warehouse during the first quarter valued at $98,000. Finally, State of Wyoming bought a new position in shares of Chefs’ Warehouse in the first quarter worth about $117,000. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chefs’ Warehouse

In related news, CFO James Leddy sold 22,000 shares of the company’s stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $62.11, for a total transaction of $1,366,420.00. Following the completion of the sale, the chief financial officer directly owned 125,892 shares in the company, valued at $7,819,152.12. This represents a 14.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 11.90% of the stock is owned by company insiders.

Chefs’ Warehouse Price Performance

NASDAQ CHEF opened at $62.57 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.19 and a current ratio of 2.14. The firm’s 50 day moving average price is $59.51 and its 200-day moving average price is $61.98. The Chefs’ Warehouse, Inc. has a 52-week low of $45.00 and a 52-week high of $68.94. The company has a market cap of $2.55 billion, a PE ratio of 36.81 and a beta of 1.30.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Wednesday, October 29th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.36 million. Chefs’ Warehouse had a net margin of 1.85% and a return on equity of 14.11%. Chefs’ Warehouse’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.36 earnings per share. Sell-side analysts forecast that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CHEF has been the subject of a number of research analyst reports. Weiss Ratings lowered shares of Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Morgan Stanley initiated coverage on shares of Chefs’ Warehouse in a research report on Monday, October 27th. They set an “overweight” rating and a $75.00 target price on the stock. Zacks Research lowered Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a report on Monday. BTIG Research restated a “buy” rating and set a $74.00 price objective on shares of Chefs’ Warehouse in a report on Tuesday, October 21st. Finally, Benchmark reiterated a “buy” rating on shares of Chefs’ Warehouse in a report on Thursday, October 23rd. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Chefs’ Warehouse has a consensus rating of “Moderate Buy” and a consensus price target of $71.88.

About Chefs’ Warehouse

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.