GAMMA Investing LLC Buys 237 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

GAMMA Investing LLC raised its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 24.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,202 shares of the company’s stock after acquiring an additional 237 shares during the quarter. GAMMA Investing LLC’s holdings in Chefs’ Warehouse were worth $59,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. bought a new stake in Chefs’ Warehouse in the 2nd quarter valued at about $869,000. Dimensional Fund Advisors LP raised its position in shares of Chefs’ Warehouse by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,289,696 shares of the company’s stock valued at $50,440,000 after buying an additional 14,209 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Chefs’ Warehouse during the 2nd quarter worth $1,586,000. XTX Topco Ltd bought a new position in Chefs’ Warehouse in the 2nd quarter valued at about $324,000. Finally, Canada Pension Plan Investment Board acquired a new position in Chefs’ Warehouse during the second quarter valued at approximately $160,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Chefs’ Warehouse Price Performance

Shares of CHEF opened at $48.93 on Monday. The firm has a market cap of $1.94 billion, a PE ratio of 42.92 and a beta of 2.29. The Chefs’ Warehouse, Inc. has a 52-week low of $27.64 and a 52-week high of $50.96. The business’s 50 day moving average price is $46.27 and its two-hundred day moving average price is $42.42. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.85.

Wall Street Analyst Weigh In

CHEF has been the subject of several recent analyst reports. BMO Capital Markets upped their price objective on Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised their target price on Chefs’ Warehouse from $53.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Lake Street Capital increased their target price on shares of Chefs’ Warehouse from $48.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.40.

Insider Activity at Chefs’ Warehouse

In other news, General Counsel Alexandros Aldous sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the sale, the general counsel now owns 114,342 shares in the company, valued at $5,145,390. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO James Leddy sold 4,000 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $48.85, for a total value of $195,400.00. Following the completion of the transaction, the chief financial officer now owns 145,589 shares in the company, valued at approximately $7,112,022.65. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is owned by corporate insiders.

Chefs’ Warehouse 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.