Quarry LP Makes New $54,000 Investment in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Quarry LP purchased a new position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,382 shares of the company’s stock, valued at approximately $54,000.

A number of other hedge funds have also recently made changes to their positions in CHEF. Schroder Investment Management Group raised its position in Chefs’ Warehouse by 6.3% in the 4th quarter. Schroder Investment Management Group now owns 1,011,305 shares of the company’s stock worth $29,763,000 after purchasing an additional 60,154 shares during the period. Scout Investments Inc. purchased a new position in shares of Chefs’ Warehouse in the fourth quarter worth about $6,715,000. Wasatch Advisors LP lifted its stake in shares of Chefs’ Warehouse by 20.0% in the 4th quarter. Wasatch Advisors LP now owns 367,235 shares of the company’s stock valued at $10,808,000 after acquiring an additional 61,250 shares during the last quarter. Granahan Investment Management LLC boosted its holdings in Chefs’ Warehouse by 138.5% during the 4th quarter. Granahan Investment Management LLC now owns 794,541 shares of the company’s stock valued at $23,383,000 after acquiring an additional 461,455 shares during the period. Finally, Mutual of America Capital Management LLC bought a new position in Chefs’ Warehouse during the 1st quarter worth approximately $229,000. 91.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Chefs’ Warehouse

In other news, General Counsel Alexandros Aldous sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $42.50, for a total value of $425,000.00. Following the completion of the sale, the general counsel now directly owns 119,342 shares of the company’s stock, valued at approximately $5,072,035. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 11.90% of the company’s stock.

Chefs’ Warehouse Stock Up 0.5 %

Shares of NASDAQ:CHEF opened at $40.20 on Friday. The Chefs’ Warehouse, Inc. has a 1 year low of $17.29 and a 1 year high of $44.58. The company has a market cap of $1.60 billion, a PE ratio of 46.21 and a beta of 2.32. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.85 and a quick ratio of 1.08. The stock’s 50-day moving average is $40.12 and its 200 day moving average is $38.65.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Chefs’ Warehouse had a return on equity of 12.62% and a net margin of 1.11%. The firm had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $945.34 million. During the same period in the previous year, the firm earned $0.35 earnings per share. The business’s revenue was up 8.3% compared to the same quarter last year. Sell-side analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.43 EPS for the current year.

Analysts Set New Price Targets

Separately, 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 research note on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $49.25.

Chefs’ Warehouse Company 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.