The Chefs’ Warehouse, Inc. $CHEF Shares Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 236.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 21,920 shares of the company’s stock after purchasing an additional 15,400 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Chefs’ Warehouse were worth $1,278,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd purchased a new position in Chefs’ Warehouse in the third quarter valued at approximately $39,000. Osaic Holdings Inc. grew its stake in Chefs’ Warehouse by 30.7% during the second quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock worth $51,000 after buying an additional 188 shares during the period. Strs Ohio acquired a new stake in shares of Chefs’ Warehouse in the first quarter worth $98,000. CWM LLC increased its position in shares of Chefs’ Warehouse by 255.4% in the third quarter. CWM LLC now owns 1,930 shares of the company’s stock worth $113,000 after acquiring an additional 1,387 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Chefs’ Warehouse by 23.0% in the 3rd quarter. GAMMA Investing LLC now owns 1,991 shares of the company’s stock valued at $116,000 after acquiring an additional 372 shares during the period. Institutional investors and hedge funds own 91.55% of the company’s stock.

Insiders Place Their Bets

In related news, General Counsel Alexandros Aldous sold 29,500 shares of the stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $71.22, for a total value of $2,100,990.00. Following the completion of the transaction, the general counsel owned 72,017 shares of the company’s stock, valued at approximately $5,129,050.74. This represents a 29.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Tim Mccauley sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $70.00, for a total value of $525,000.00. Following the sale, the chief accounting officer owned 44,662 shares of the company’s stock, valued at approximately $3,126,340. This trade represents a 14.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 139,309 shares of company stock valued at $9,060,197 over the last ninety days. Insiders own 11.50% of the company’s stock.

Chefs’ Warehouse Trading Down 0.5%

NASDAQ CHEF opened at $62.90 on Monday. The stock has a market cap of $2.56 billion, a P/E ratio of 38.12 and a beta of 1.26. The company’s fifty day simple moving average is $64.85 and its 200-day simple moving average is $62.43. The company has a current ratio of 2.05, a quick ratio of 1.23 and a debt-to-equity ratio of 1.19. The Chefs’ Warehouse, Inc. has a 52 week low of $45.00 and a 52 week high of $73.94.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, February 11th. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Chefs’ Warehouse had a net margin of 1.74% and a return on equity of 14.75%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period last year, the business earned $0.55 EPS. The business’s revenue was up 10.5% on a year-over-year basis. Equities research analysts predict that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CHEF. Benchmark restated a “buy” rating on shares of Chefs’ Warehouse in a report on Thursday, February 12th. Weiss Ratings upgraded Chefs’ Warehouse from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 27th. UBS Group raised their price objective on Chefs’ Warehouse from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Wolfe Research set a $84.00 price objective on Chefs’ Warehouse in a research note on Thursday, February 12th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $74.00 target price on shares of Chefs’ Warehouse in a research report on Thursday, February 12th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chefs’ Warehouse has a consensus rating of “Moderate Buy” and an average price target of $77.67.

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.