SG Americas Securities LLC Purchases Shares of 11,722 The Chefs’ Warehouse, Inc. $CHEF

SG Americas Securities LLC purchased a new stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 11,722 shares of the company’s stock, valued at approximately $684,000.

Other large investors have also modified their holdings of the company. Osaic Holdings Inc. raised its holdings in Chefs’ Warehouse by 30.7% in the 2nd quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock worth $51,000 after acquiring an additional 188 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of Chefs’ Warehouse by 1.2% in the third quarter. Louisiana State Employees Retirement System now owns 16,700 shares of the company’s stock worth $974,000 after purchasing an additional 200 shares during the period. Tidal Investments LLC lifted its position in shares of 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 last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of Chefs’ Warehouse by 0.7% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 30,491 shares of the company’s stock worth $1,946,000 after purchasing an additional 212 shares during the last quarter. Finally, Ameritas Investment Partners Inc. boosted its stake in Chefs’ Warehouse by 6.4% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,725 shares of the company’s stock valued at $238,000 after purchasing an additional 225 shares during the period. 91.55% of the stock is owned by institutional investors.

Chefs’ Warehouse Stock Up 3.1%

Shares of CHEF opened at $65.37 on Thursday. The company has a quick ratio of 1.19, a current ratio of 2.14 and a debt-to-equity ratio of 1.23. The company has a 50-day moving average price of $61.57 and a two-hundred day moving average price of $61.94. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 38.45 and a beta of 1.28. The Chefs’ Warehouse, Inc. has a 12 month low of $45.00 and a 12 month high of $68.94.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, October 29th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. The business had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $986.36 million. Chefs’ Warehouse had a return on equity of 14.11% and a net margin of 1.85%.Chefs’ Warehouse’s quarterly revenue was up 9.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. Equities analysts predict that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. UBS Group upped their price target on Chefs’ Warehouse from $80.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Weiss Ratings downgraded shares of Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Morgan Stanley started coverage on shares of Chefs’ Warehouse in a report on Monday, October 27th. They set an “overweight” rating and a $75.00 price objective on the stock. Zacks Research downgraded Chefs’ Warehouse from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Finally, Benchmark reaffirmed a “buy” rating on shares of Chefs’ Warehouse in a report on Tuesday. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Chefs’ Warehouse has a consensus rating of “Moderate Buy” and a consensus target price of $74.00.

Insider Activity at Chefs’ Warehouse

In other news, CFO James Leddy sold 22,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $62.11, for a total value of $1,366,420.00. Following the sale, the chief financial officer owned 125,892 shares of the company’s stock, valued at approximately $7,819,152.12. This represents a 14.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 11.90% of the company’s stock.

About Chefs’ Warehouse

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.