The Chefs' Warehouse, Inc. $CHEF Shares Bought by Quantinno Capital Management LP

Key Points

• Quantinno Capital Management increased its Chefs' Warehouse position by 148.7% in the first quarter, owning 23,100 shares valued at approximately $1.37 million. Institutional investors and hedge funds collectively own 91.55% of the company.
• Wall Street analysts remain broadly optimistic, with the stock carrying a consensus “Moderate Buy” rating and an average price target of $107.43. Several firms recently raised their targets to $123–$125.
• Chefs' Warehouse reported quarterly EPS of $0.78, beating estimates of $0.59, while revenue rose 12.9% year over year to $1.17 billion. Shares opened at $112.05, near their 52-week high of $117.33.

Quantinno Capital Management LP grew its position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 148.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,100 shares of the company's stock after purchasing an additional 13,810 shares during the quarter. Quantinno Capital Management LP owned about 0.06% of Chefs' Warehouse worth $1,373,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Hantz Financial Services Inc. boosted its position in shares of Chefs' Warehouse by 229.5% in the 4th quarter. Hantz Financial Services Inc. now owns 458 shares of the company's stock worth $29,000 after purchasing an additional 319 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its position in Chefs' Warehouse by 515.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the company's stock valued at $31,000 after buying an additional 438 shares in the last quarter. Global Retirement Partners LLC acquired a new position in Chefs' Warehouse during the 4th quarter valued at about $31,000. Osaic Holdings Inc. raised its stake 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 buying an additional 188 shares during the last quarter. Finally, Parallel Advisors LLC raised its stake in Chefs' Warehouse by 98.7% in the first quarter. Parallel Advisors LLC now owns 926 shares of the company's stock valued at $55,000 after buying an additional 460 shares during the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their price target on Chefs' Warehouse from $114.00 to $125.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. TD Cowen lifted their target price on shares of Chefs' Warehouse from $110.00 to $123.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. BTIG Research lifted their target price 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. Weiss Ratings reissued a "hold (c+)" rating on shares of Chefs' Warehouse in a research report on Wednesday, July 29th. Finally, Benchmark upped their price target on shares of Chefs' Warehouse from $106.00 to $125.00 and gave the company a "buy" rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently 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 4,500 shares of the firm's stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $79.21, for a total transaction of $356,445.00. Following the completion of the transaction, the insider directly owned 24,642 shares of the company's stock, valued at approximately $1,951,892.82. This trade represents a 15.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 11.10% of the company's stock.

Chefs' Warehouse Stock Up 0.9%

Chefs' Warehouse stock opened at $112.05 on Friday. The business's 50-day simple moving average is $98.03 and its two-hundred day simple moving average is $78.63. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.31 and a current ratio of 2.15. The company has a market cap of $4.57 billion, a PE ratio of 53.36 and a beta of 1.39. The Chefs' Warehouse, Inc. has a fifty-two week low of $53.20 and a fifty-two week high of $117.33.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the business posted $0.52 earnings per share. The company's revenue for the quarter was up 12.9% compared to the same quarter last year. Equities analysts anticipate that The Chefs' Warehouse, Inc. will post 2.37 EPS for the current year.

Chefs' Warehouse 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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