The Chefs’ Warehouse, Inc. $CHEF Shares Purchased by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC increased its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 50.4% in the third quarter, Holdings Channel reports. The firm owned 31,979 shares of the company’s stock after purchasing an additional 10,712 shares during the period. Oliver Luxxe Assets LLC’s holdings in Chefs’ Warehouse were worth $1,865,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of CHEF. Arrowstreet Capital Limited Partnership increased its stake in Chefs’ Warehouse by 362.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 429,124 shares of the company’s stock valued at $27,382,000 after purchasing an additional 336,357 shares in the last quarter. Granite Investment Partners LLC purchased a new stake in shares of Chefs’ Warehouse during the second quarter valued at $13,170,000. Hennessy Advisors Inc. purchased a new stake in shares of Chefs’ Warehouse during the second quarter valued at $11,805,000. Aberdeen Group plc acquired a new position in shares of Chefs’ Warehouse in the 2nd quarter valued at $8,033,000. Finally, TimesSquare Capital Management LLC increased its position in shares of Chefs’ Warehouse by 33.0% in the 2nd quarter. TimesSquare Capital Management LLC now owns 440,877 shares of the company’s stock valued at $28,132,000 after acquiring an additional 109,441 shares during the period. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Insider Buying and Selling at Chefs’ Warehouse

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

Chefs’ Warehouse Stock Up 1.0%

Shares of CHEF opened at $60.99 on Monday. The company has a market capitalization of $2.48 billion, a price-to-earnings ratio of 35.88 and a beta of 1.28. The Chefs’ Warehouse, Inc. has a 52 week low of $45.00 and a 52 week high of $68.94. The stock’s 50-day moving average price is $61.45 and its 200-day moving average price is $61.96. The company has a quick ratio of 1.19, a current ratio of 2.14 and a debt-to-equity ratio of 1.23.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, October 29th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.07. Chefs’ Warehouse had a return on equity of 14.11% and a net margin of 1.85%.The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.36 million. During the same period last year, the business earned $0.36 earnings per share. Chefs’ Warehouse’s quarterly revenue was up 9.6% on a year-over-year basis. On average, sell-side analysts predict that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on CHEF. Weiss Ratings cut Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Zacks Research downgraded Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Benchmark reiterated a “buy” rating on shares of Chefs’ Warehouse in a research report on Friday, December 12th. Wall Street Zen lowered shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. Finally, UBS Group lifted their price objective on shares of Chefs’ Warehouse from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $71.88.

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.