Teacher Retirement System of Texas Takes Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Teacher Retirement System of Texas acquired a new position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,312 shares of the company's stock, valued at approximately $289,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in shares of Chefs' Warehouse by 27.9% in the 1st quarter. GAMMA Investing LLC now owns 1,537 shares of the company's stock valued at $84,000 after buying an additional 335 shares in the last quarter. USA Financial Formulas bought a new stake in shares of Chefs' Warehouse in the 1st quarter valued at approximately $106,000. Hsbc Holdings PLC bought a new stake in shares of Chefs' Warehouse in the 4th quarter valued at approximately $201,000. Envestnet Asset Management Inc. bought a new stake in shares of Chefs' Warehouse in the 4th quarter valued at approximately $224,000. Finally, Townsquare Capital LLC bought a new stake in shares of Chefs' Warehouse in the 4th quarter valued at approximately $231,000. Institutional investors and hedge funds 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 business's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $65.07, for a total transaction of $1,138,725.00. Following the completion of the transaction, the chief accounting officer owned 52,050 shares of the company's stock, valued at approximately $3,386,893.50. The trade was a 25.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.90% of the stock is owned by company insiders.

Chefs' Warehouse Price Performance

Shares of NASDAQ:CHEF traded down $1.49 during midday trading on Friday, reaching $64.82. The company's stock had a trading volume of 304,142 shares, compared to its average volume of 435,004. The Chefs' Warehouse, Inc. has a fifty-two week low of $35.59 and a fifty-two week high of $68.28. The company has a market capitalization of $2.64 billion, a P/E ratio of 42.93 and a beta of 1.74. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.05 and a quick ratio of 1.27. The business's fifty day simple moving average is $63.39 and its 200-day simple moving average is $58.17.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. Chefs' Warehouse had a return on equity of 13.15% and a net margin of 1.65%. The business had revenue of $950.75 million for the quarter, compared to analysts' expectations of $927.34 million. During the same quarter in the previous year, the business posted $0.15 EPS. Chefs' Warehouse's revenue for the quarter was up 8.7% on a year-over-year basis. As a group, equities research analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CHEF. UBS Group upped their target price on Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wall Street Zen raised Chefs' Warehouse from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Finally, BTIG Research reissued a "buy" rating on shares of Chefs' Warehouse in a research report on Friday, May 23rd. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $67.40.

Chefs' Warehouse 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.