The Chefs’ Warehouse, Inc. $CHEF Shares Acquired by Summit Creek Advisors LLC

Summit Creek Advisors LLC grew its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 39.7% during the fourth quarter, HoldingsChannel reports. The firm owned 177,976 shares of the company’s stock after purchasing an additional 50,588 shares during the quarter. Chefs’ Warehouse comprises approximately 1.7% of Summit Creek Advisors LLC’s portfolio, making the stock its 28th biggest holding. Summit Creek Advisors LLC’s holdings in Chefs’ Warehouse were worth $11,093,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its holdings in shares of Chefs’ Warehouse by 515.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the company’s stock valued at $31,000 after purchasing an additional 438 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in shares of Chefs’ Warehouse in the third quarter valued at approximately $39,000. Osaic Holdings Inc. increased its holdings in shares of 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 period. Vestcor Inc acquired a new position in shares of Chefs’ Warehouse in the third quarter valued at approximately $57,000. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Chefs’ Warehouse in the fourth quarter valued at approximately $76,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Price Performance

Chefs’ Warehouse stock opened at $77.34 on Thursday. The Chefs’ Warehouse, Inc. has a one year low of $53.20 and a one year high of $82.81. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.33 and a current ratio of 2.18. The business has a fifty day moving average of $67.16 and a two-hundred day moving average of $64.64. The company has a market cap of $3.15 billion, a P/E ratio of 42.97 and a beta of 1.47.

Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings results on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.17. Chefs’ Warehouse had a return on equity of 15.54% and a net margin of 1.87%.The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the company earned $0.25 earnings per share. Chefs’ Warehouse’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, analysts predict that The Chefs’ Warehouse, Inc. will post 2.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CHEF shares. Morgan Stanley reissued an “overweight” rating and issued a $83.00 target price on shares of Chefs’ Warehouse in a report on Thursday, April 30th. Zacks Research raised Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Weiss Ratings downgraded Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. Wall Street Zen raised Chefs’ Warehouse from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, BTIG Research raised their target price on Chefs’ Warehouse from $74.00 to $82.00 and gave the company a “buy” rating in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Chefs’ Warehouse currently has a consensus rating of “Moderate Buy” and an average price target of $80.83.

Insiders Place Their Bets

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 29,500 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $71.22, for a total transaction of $2,100,990.00. Following the sale, the general counsel directly owned 72,017 shares in the company, valued at approximately $5,129,050.74. The trade was a 29.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher Pappas sold 125,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $78.00, for a total value of $9,750,000.00. Following the sale, the chief executive officer owned 2,189,453 shares in the company, valued at approximately $170,777,334. The trade was a 5.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 261,309 shares of company stock worth $18,641,642. 11.10% of the stock is owned by corporate insiders.

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.