Jupiter Topco LLC Invests $1.42 Million in The Chefs’ Warehouse, Inc. $CHEF

Jupiter Topco LLC bought a new stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) in the second quarter, Holdings Channel.com reports. The firm bought 14,800 shares of the company’s stock, valued at approximately $1,423,000.

Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC bought a new stake in shares of Chefs’ Warehouse during the first quarter valued at approximately $352,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Chefs’ Warehouse by 6.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,152 shares of the company’s stock worth $1,152,000 after buying an additional 1,247 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Chefs’ Warehouse by 50.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 130,382 shares of the company’s stock worth $7,101,000 after buying an additional 43,593 shares in the last quarter. Strs Ohio bought a new position in Chefs’ Warehouse in the 1st quarter worth approximately $98,000. Finally, Marshall Wace LLP bought a new stake in shares of Chefs’ Warehouse during the second quarter valued at about $243,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Stock Performance

CHEF stock opened at $114.36 on Friday. The firm has a 50 day moving average of $104.71 and a two-hundred day moving average of $83.79. The Chefs’ Warehouse, Inc. has a 12 month low of $53.20 and a 12 month high of $117.65. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 54.46 and a beta of 1.38. The company has a quick ratio of 1.31, a current ratio of 2.15 and a debt-to-equity ratio of 1.07.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.19. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. Chefs’ Warehouse had a net margin of 2.09% and a return on equity of 16.95%. Chefs’ Warehouse’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.52 EPS. As a group, equities analysts anticipate that The Chefs’ Warehouse, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CHEF has been the topic of a number of research analyst reports. Benchmark lifted their target price on Chefs’ Warehouse from $106.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Zacks Research upgraded shares of Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. BTIG Research boosted their target price on Chefs’ Warehouse from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. Morgan Stanley raised their price objective on shares of Chefs’ Warehouse from $97.00 to $104.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th. Finally, TD Cowen lifted their price objective on shares of Chefs’ Warehouse from $110.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chefs’ Warehouse has an average rating of “Buy” and an average target price of $114.33.

Insiders Place Their Bets

In other news, CEO Christopher Pappas sold 100,000 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $110.11, for a total transaction of $11,011,000.00. Following the completion of the sale, the chief executive officer owned 2,105,480 shares in the company, valued at approximately $231,834,402.80. This represents a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Alexandros Aldous sold 35,000 shares of the stock in a transaction dated 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 transaction, the general counsel directly owned 34,442 shares in the company, valued at approximately $3,822,028.74. This represents a 50.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 137,752 shares of company stock valued at $15,203,174 over the last quarter. Insiders own 11.10% of the company’s stock.

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.