The Chefs' Warehouse, Inc. $CHEF Shares Acquired by Odyssean LLC

Odyssean LLC grew its holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 38.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,758 shares of the company's stock after acquiring an additional 9,074 shares during the period. Odyssean LLC owned about 0.08% of Chefs' Warehouse worth $3,148,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC raised its holdings in shares of Chefs' Warehouse by 1.7% during the fourth quarter. HighTower Advisors LLC now owns 9,536 shares of the company's stock worth $594,000 after purchasing an additional 161 shares during the last quarter. 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 purchasing an additional 188 shares during the last quarter. CWM LLC grew its position in Chefs' Warehouse by 10.5% during the 4th quarter. CWM LLC now owns 2,133 shares of the company's stock worth $133,000 after purchasing an additional 203 shares during the period. Tidal Investments LLC grew its position in Chefs' Warehouse by 4.9% during the 2nd quarter. Tidal Investments LLC now owns 4,341 shares of the company's stock worth $277,000 after purchasing an additional 204 shares during the period. Finally, ProShare Advisors LLC grew its position in Chefs' Warehouse by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 7,089 shares of the company's stock worth $442,000 after purchasing an additional 220 shares during the period. Institutional investors and hedge funds own 91.55% of the company's stock.

Chefs' Warehouse Trading Down 1.5%

CHEF stock opened at $111.78 on Wednesday. The company's 50-day simple moving average is $101.68 and its 200-day simple moving average is $81.25. The company has a quick ratio of 1.31, a current ratio of 2.15 and a debt-to-equity ratio of 1.07. The Chefs' Warehouse, Inc. has a 52-week low of $53.20 and a 52-week high of $117.33. The firm has a market cap of $4.56 billion, a P/E ratio of 53.23 and a beta of 1.39.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its earnings results on Wednesday, July 29th. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.59 by $0.19. Chefs' Warehouse had a return on equity of 16.95% and a net margin of 2.09%.The firm had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the firm earned $0.52 EPS. The company's quarterly revenue was up 12.9% on a year-over-year basis. As a group, equities analysts forecast that The Chefs' Warehouse, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. TD Cowen upped their target price on Chefs' Warehouse from $110.00 to $123.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. Benchmark lifted their price target on Chefs' Warehouse from $106.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. UBS Group boosted their price target on Chefs' Warehouse from $114.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Wall Street Zen upgraded Chefs' Warehouse from a "hold" rating to a "buy" rating in a research report on Saturday, July 18th. Finally, BTIG Research raised their price objective on shares of Chefs' Warehouse from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $107.43.

Insiders Place Their Bets

In other Chefs' Warehouse news, insider Christina Polychroni sold 2,752 shares of the firm'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 value of $308,224.00. Following the sale, the insider directly owned 22,014 shares of the company's stock, valued at approximately $2,465,568. This trade represents a 11.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Alexandros Aldous sold 35,000 shares of the business's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $110.97, for a total value of $3,883,950.00. Following the completion of the sale, the general counsel owned 34,442 shares of the company's stock, valued at $3,822,028.74. This trade represents a 50.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 137,752 shares of company stock worth $15,203,174. 11.10% of the stock is owned by corporate insiders.

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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