12,108 Shares in The Chefs' Warehouse, Inc. $CHEF Acquired by Corient Private Wealth LP

Corient Private Wealth LP purchased a new position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,108 shares of the company's stock, valued at approximately $1,164,000.

A number of other large investors also recently bought and sold shares of CHEF. Odyssean LLC grew its stake in shares of Chefs' Warehouse by 38.3% during the 2nd quarter. Odyssean LLC now owns 32,758 shares of the company's stock valued at $3,148,000 after buying an additional 9,074 shares during the period. Jupiter Topco LLC purchased a new position in shares of Chefs' Warehouse in the 2nd quarter worth $1,423,000. Hsbc Holdings PLC purchased a new position in shares of Chefs' Warehouse in the 2nd quarter worth $1,388,000. Ancora Advisors LLC acquired a new position in Chefs' Warehouse in the second quarter valued at $1,722,000. Finally, Expect Equity LLC acquired a new position in Chefs' Warehouse in the second quarter valued at $2,023,000. Hedge funds and other institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Trading Up 0.1%

NASDAQ:CHEF opened at $114.36 on Friday. The business's 50-day moving average is $104.71 and its two-hundred day moving average is $83.79. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.15 and a quick ratio of 1.31. The Chefs' Warehouse, Inc. has a 12 month low of $53.20 and a 12 month high of $117.65. The firm has a market capitalization of $4.67 billion, a PE ratio of 54.46 and a beta of 1.38.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.19. Chefs' Warehouse had a return on equity of 16.95% and a net margin of 2.09%.The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the business earned $0.52 earnings per share. The company's revenue was up 12.9% compared to the same quarter last year. Research analysts predict that The Chefs' Warehouse, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Christina Polychroni sold 2,752 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $112.00, for a total transaction of $308,224.00. Following the transaction, the insider directly owned 22,014 shares of the company's stock, valued at approximately $2,465,568. The trade was a 11.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, General Counsel Alexandros Aldous sold 35,000 shares of Chefs' Warehouse stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $110.97, for a total value of $3,883,950.00. Following the sale, the general counsel directly owned 34,442 shares in the company, valued at approximately $3,822,028.74. The trade was a 50.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 137,752 shares of company stock valued at $15,203,174. Corporate insiders own 11.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on CHEF shares. Wall Street Zen upgraded Chefs' Warehouse from a "hold" rating to a "buy" rating in a research note on Saturday, July 18th. UBS Group boosted their target price on Chefs' Warehouse from $114.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Morgan Stanley increased their target price on shares of Chefs' Warehouse from $97.00 to $104.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 30th. Weiss Ratings upgraded shares of Chefs' Warehouse from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, August 12th. Finally, TD Cowen lifted their price target on shares of Chefs' Warehouse from $110.00 to $123.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $114.33.

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.

Want to see what other hedge funds are holding CHEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source