The Chefs’ Warehouse, Inc. $CHEF Shares Bought by Quantinno Capital Management LP

Quantinno Capital Management LP raised its stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 148.7% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 23,100 shares of the company’s stock after acquiring an additional 13,810 shares during the period. Quantinno Capital Management LP’s holdings in Chefs’ Warehouse were worth $1,373,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. HighTower Advisors LLC boosted its stake in shares of Chefs’ Warehouse by 1.7% in the fourth quarter. HighTower Advisors LLC now owns 9,536 shares of the company’s stock worth $594,000 after buying an additional 161 shares during the last quarter. State of Alaska Department of Revenue raised its position in Chefs’ Warehouse by 1.0% during the fourth 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 in the last quarter. Osaic Holdings Inc. raised its position in Chefs’ Warehouse by 30.7% during the second quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock valued at $51,000 after acquiring an additional 188 shares in the last quarter. CWM LLC lifted its holdings in Chefs’ Warehouse by 10.5% in the fourth 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 period. Finally, Tidal Investments LLC lifted its holdings in Chefs’ Warehouse by 4.9% in the second 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 period. Institutional investors and hedge funds own 91.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Chefs’ Warehouse from $97.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. TD Cowen boosted their target price on shares of Chefs’ Warehouse from $110.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. UBS Group increased their price target on shares of Chefs’ Warehouse from $114.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Benchmark raised their price target 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. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Chefs’ Warehouse in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Chefs’ Warehouse currently has an average rating of “Moderate Buy” and an average target price of $107.43.

Chefs’ Warehouse Stock Up 0.9%

Chefs’ Warehouse stock opened at $112.05 on Friday. The stock has a market capitalization of $4.57 billion, a PE ratio of 53.36 and a beta of 1.39. The Chefs’ Warehouse, Inc. has a 12 month low of $53.20 and a 12 month high of $117.33. The business has a 50 day simple moving average of $98.03 and a 200-day simple moving average of $78.63. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.15 and a quick ratio of 1.31.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.19. Chefs’ Warehouse had a return on equity of 16.95% and a net margin of 2.09%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the firm posted $0.52 EPS. The business’s revenue was up 12.9% on a year-over-year basis. On average, analysts anticipate that The Chefs’ Warehouse, Inc. will post 2.37 EPS for the current fiscal year.

Insider Buying and Selling

In other Chefs’ Warehouse news, insider Christina Polychroni sold 4,500 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $79.21, for a total transaction of $356,445.00. Following the completion of the transaction, the insider directly owned 24,642 shares in the company, valued at approximately $1,951,892.82. This represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 11.10% of the company’s stock.

About Chefs’ Warehouse

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.