Dynamic Technology Lab Private Ltd Makes New Investment in The Chefs' Warehouse, Inc. $CHEF

Key Points

• Dynamic Technology Lab Private Ltd acquired a new stake in The Chefs' Warehouse, purchasing 12,781 shares worth approximately $696,000 in the first quarter.
• Several hedge funds increased or established positions in Chefs' Warehouse, with institutional investors now owning 91.55% of the company's stock.
• Analysts have raised target prices for Chefs' Warehouse shares, with Benchmark increasing it from $68 to $79 and UBS raising theirs from $68 to $72, maintaining a "buy" rating.

Dynamic Technology Lab Private Ltd acquired a new stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,781 shares of the company's stock, valued at approximately $696,000.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of Chefs' Warehouse by 5.0% in the first quarter. Principal Financial Group Inc. now owns 192,764 shares of the company's stock valued at $10,498,000 after purchasing an additional 9,142 shares during the period. Harvest Fund Management Co. Ltd raised its position in shares of Chefs' Warehouse by 103.1% in the first quarter. Harvest Fund Management Co. Ltd now owns 19,075 shares of the company's stock valued at $1,038,000 after purchasing an additional 9,684 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of Chefs' Warehouse by 196.0% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 30,816 shares of the company's stock valued at $1,678,000 after purchasing an additional 20,404 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Chefs' Warehouse in the first quarter valued at about $289,000. Finally, GAMMA Investing LLC raised its position in shares of Chefs' Warehouse by 27.9% in the first quarter. GAMMA Investing LLC now owns 1,537 shares of the company's stock valued at $84,000 after purchasing an additional 335 shares during the period. 91.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. BTIG Research reissued a "buy" rating on shares of Chefs' Warehouse in a research report on Friday, May 23rd. Zacks Research upgraded shares of Chefs' Warehouse from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. UBS Group upped their price target on shares of Chefs' Warehouse from $68.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Piper Sandler assumed coverage on shares of Chefs' Warehouse in a research note on Wednesday, August 27th. They issued a "neutral" rating and a $66.00 price target on the stock. Finally, Wall Street Zen downgraded shares of Chefs' Warehouse from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $69.67.

Chefs' Warehouse Price Performance

Chefs' Warehouse stock traded up $0.79 during trading hours on Monday, reaching $66.96. 49,170 shares of the stock were exchanged, compared to its average volume of 483,660. The company has a market cap of $2.73 billion, a P/E ratio of 41.82 and a beta of 1.76. The company has a current ratio of 2.01, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The Chefs' Warehouse, Inc. has a twelve month low of $38.36 and a twelve month high of $68.94. The stock has a 50 day moving average of $64.08 and a two-hundred day moving average of $60.36.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. Chefs' Warehouse had a net margin of 1.76% and a return on equity of 13.60%. The business's revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. Chefs' Warehouse has set its FY 2025 guidance at EPS. Equities analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Insider Transactions at Chefs' Warehouse

In other Chefs' Warehouse news, CAO Tim Mccauley sold 17,500 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $65.07, for a total transaction of $1,138,725.00. Following the sale, the chief accounting officer directly owned 52,050 shares in the company, valued at $3,386,893.50. This represents a 25.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 11.50% of the stock is owned by insiders.

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.