122,443 Shares in The Chefs' Warehouse, Inc. $CHEF Acquired by Tudor Investment Corp ET AL

Key Points

• Tudor Investment Corp ET AL opened a new stake in The Chefs' Warehouse, buying 122,443 shares worth about $7.14 million (≈0.30% ownership), while institutional investors now own roughly 91.55% of the company.
• Company insiders have been net sellers, offloading 139,309 shares (~$9.06 million) in the past 90 days including CEO Christopher Pappas (95,908 shares) and General Counsel Alexandros Aldous (29,500 shares), leaving insiders with about 11.5% ownership.
• Operational and analyst picture is mixed: latest quarter beat expectations with $0.68 EPS (vs. $0.62 est.) and revenue of $1.14B (+10.5% year-over-year), but analysts hold a consensus "Hold" rating with a $77.67 target amid four Buys, two Holds and one Sell.

Tudor Investment Corp ET AL bought a new stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 122,443 shares of the company's stock, valued at approximately $7,142,000. Tudor Investment Corp ET AL owned about 0.30% of Chefs' Warehouse at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its holdings in Chefs' Warehouse by 515.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the company's stock valued at $31,000 after acquiring an additional 438 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Chefs' Warehouse in the third quarter valued at approximately $39,000. Osaic Holdings Inc. boosted its holdings in Chefs' Warehouse by 30.7% in the second quarter. Osaic Holdings Inc. now owns 800 shares of the company's stock valued at $51,000 after acquiring an additional 188 shares during the last quarter. Vestcor Inc bought a new stake in Chefs' Warehouse in the third quarter valued at approximately $57,000. Finally, Strs Ohio bought a new stake in Chefs' Warehouse in the first quarter valued at approximately $98,000. 91.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Benchmark reiterated a "buy" rating on shares of Chefs' Warehouse in a report on Thursday, February 12th. Zacks Research cut Chefs' Warehouse from a "hold" rating to a "strong sell" rating in a report on Thursday, January 15th. UBS Group upped their target price on Chefs' Warehouse from $80.00 to $83.00 and gave the company a "buy" rating in a report on Wednesday, January 14th. BTIG Research reiterated a "buy" rating and issued a $74.00 target price on shares of Chefs' Warehouse in a report on Thursday, February 12th. Finally, Wolfe Research set a $84.00 price target on Chefs' Warehouse in a research note on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $77.67.

Insiders Place Their Bets

In other Chefs' Warehouse news, General Counsel Alexandros Aldous sold 29,500 shares of the business's stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $71.22, for a total value of $2,100,990.00. Following the transaction, the general counsel directly owned 72,017 shares of the company's stock, valued at approximately $5,129,050.74. The trade was a 29.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher Pappas sold 95,908 shares of the business's stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $62.53, for a total value of $5,997,127.24. Following the completion of the transaction, the chief executive officer directly owned 2,398,522 shares in the company, valued at approximately $149,979,580.66. This trade represents a 3.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 139,309 shares of company stock valued at $9,060,197 in the last ninety days. 11.50% of the stock is owned by corporate insiders.

Chefs' Warehouse Price Performance

Shares of CHEF opened at $59.24 on Wednesday. The Chefs' Warehouse, Inc. has a 52-week low of $47.45 and a 52-week high of $73.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.23 and a current ratio of 2.05. The business's 50 day moving average price is $64.03 and its two-hundred day moving average price is $61.83. The firm has a market cap of $2.42 billion, a PE ratio of 35.90 and a beta of 1.34.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings results on Wednesday, February 11th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. Chefs' Warehouse had a return on equity of 14.75% and a net margin of 1.74%.The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. The company's revenue was up 10.5% compared to the same quarter last year. On average, equities analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Chefs' Warehouse Company Profile

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.

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