Oliver Luxxe Assets LLC Acquires 10,712 Shares of The Chefs’ Warehouse, Inc. $CHEF

Oliver Luxxe Assets LLC increased its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 50.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,979 shares of the company’s stock after buying an additional 10,712 shares during the period. Oliver Luxxe Assets LLC owned 0.08% of Chefs’ Warehouse worth $1,865,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership boosted its position in Chefs’ Warehouse by 362.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 429,124 shares of the company’s stock valued at $27,382,000 after buying an additional 336,357 shares during the period. Granite Investment Partners LLC bought a new stake in shares of Chefs’ Warehouse during the second quarter valued at approximately $13,170,000. Hennessy Advisors Inc. purchased a new stake in shares of Chefs’ Warehouse in the second quarter valued at approximately $11,805,000. Aberdeen Group plc bought a new position in Chefs’ Warehouse in the second quarter worth approximately $8,033,000. Finally, TimesSquare Capital Management LLC grew its stake in Chefs’ Warehouse by 33.0% in the second quarter. TimesSquare Capital Management LLC now owns 440,877 shares of the company’s stock worth $28,132,000 after purchasing an additional 109,441 shares in the last quarter. 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 stock was sold at an average price of $62.11, for a total transaction of $1,366,420.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating on shares of Chefs’ Warehouse in a research report on Friday, December 12th. UBS Group lifted their price objective on Chefs’ Warehouse from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, October 30th. BTIG Research reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Chefs’ Warehouse in a research note on Tuesday, October 21st. Zacks Research cut shares of Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Finally, Morgan Stanley started coverage on shares of Chefs’ Warehouse in a report on Monday, October 27th. They issued an “overweight” rating and a $75.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.88.

Chefs’ Warehouse Stock Up 1.0%

Shares of Chefs’ Warehouse stock opened at $60.99 on Monday. The firm’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. The Chefs’ Warehouse, Inc. has a 52-week low of $45.00 and a 52-week high of $68.94. The company has a market cap of $2.48 billion, a P/E ratio of 35.88 and a beta of 1.28.

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

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.