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

Several other large investors have also recently bought and sold shares of CHEF. CWM LLC increased its holdings in Chefs' Warehouse by 50.6% in the first quarter. CWM LLC now owns 542 shares of the company's stock valued at $30,000 after buying an additional 182 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in Chefs' Warehouse in the first quarter valued at $37,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Chefs' Warehouse in the first quarter valued at $46,000. GAMMA Investing LLC increased its holdings in 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 buying an additional 335 shares during the last quarter. Finally, USA Financial Formulas purchased a new position in Chefs' Warehouse in the first quarter valued at $106,000. Hedge funds and other institutional investors own 91.55% of the company's stock.

Insider Transactions at Chefs' Warehouse

In other news, CAO Tim Mccauley sold 17,500 shares of the company's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $65.07, for a total value of $1,138,725.00. Following the completion of the sale, the chief accounting officer directly owned 52,050 shares of the company's stock, valued at approximately $3,386,893.50. This represents a 25.16% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 11.90% of the stock is owned by insiders.

Chefs' Warehouse Stock Up 0.3%

Shares of NASDAQ:CHEF traded up $0.18 during midday trading on Friday, hitting $66.17. 370,523 shares of the company's stock traded hands, compared to its average volume of 351,385. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 2.01. The company has a market cap of $2.70 billion, a PE ratio of 41.36 and a beta of 1.76. The firm's fifty day moving average price is $64.08 and its two-hundred day moving average price is $60.39. The Chefs' Warehouse, Inc. has a twelve month low of $38.36 and a twelve month high of $68.94.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm's quarterly revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. Chefs' Warehouse has set its FY 2025 guidance at EPS. On average, equities research analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CHEF shares. Piper Sandler assumed coverage on Chefs' Warehouse in a report on Wednesday, August 27th. They issued a "neutral" rating and a $66.00 target price on the stock. Benchmark upped their price objective on shares of Chefs' Warehouse from $68.00 to $79.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Wall Street Zen downgraded shares of Chefs' Warehouse from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. UBS Group upped their price objective 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. Finally, Zacks Research upgraded shares of Chefs' Warehouse from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $69.67.

Chefs' Warehouse Company Profile

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.