Point72 Asia Singapore Pte. Ltd. Purchases Shares of 1,413 The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,413 shares of the company’s stock, valued at approximately $55,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CHEF. Cubist Systematic Strategies LLC boosted its position in Chefs’ Warehouse by 584.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 49,437 shares of the company’s stock worth $1,933,000 after acquiring an additional 59,637 shares during the period. Public Sector Pension Investment Board lifted its holdings in Chefs’ Warehouse by 7.6% in the second quarter. Public Sector Pension Investment Board now owns 77,847 shares of the company’s stock worth $3,045,000 after purchasing an additional 5,488 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Chefs’ Warehouse in the second quarter worth about $160,000. XTX Topco Ltd bought a new position in Chefs’ Warehouse in the 2nd quarter valued at about $324,000. Finally, Renaissance Technologies LLC acquired a new position in Chefs’ Warehouse during the 2nd quarter valued at about $1,586,000. 91.55% of the stock is owned by institutional investors.

Chefs’ Warehouse Trading Down 2.1 %

Shares of Chefs’ Warehouse stock opened at $41.80 on Monday. The business has a fifty day simple moving average of $40.20 and a 200-day simple moving average of $38.56. The Chefs’ Warehouse, Inc. has a fifty-two week low of $17.29 and a fifty-two week high of $44.58. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 48.05 and a beta of 2.32. The company has a quick ratio of 1.08, a current ratio of 1.85 and a debt-to-equity ratio of 1.43.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. The company had revenue of $954.70 million during the quarter, compared to analyst estimates of $945.34 million. Chefs’ Warehouse had a net margin of 1.11% and a return on equity of 12.62%. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 EPS. On average, equities analysts forecast that The Chefs’ Warehouse, Inc. will post 1.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Alexandros Aldous sold 10,000 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $42.50, for a total transaction of $425,000.00. Following the completion of the sale, the general counsel now owns 119,342 shares in the company, valued at approximately $5,072,035. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.90% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upped their price target on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the stock 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 given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $49.25.

About Chefs’ Warehouse

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.