Dynamic Technology Lab Private Ltd Buys New Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Dynamic Technology Lab Private Ltd purchased a new position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,586 shares of the company's stock, valued at approximately $571,000.

Other hedge funds have also modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in shares of Chefs' Warehouse by 1,089.7% in the 2nd quarter. Nisa Investment Advisors LLC now owns 690 shares of the company's stock worth $27,000 after acquiring an additional 632 shares during the last quarter. GAMMA Investing LLC raised its stake in Chefs' Warehouse by 39.6% during the second quarter. GAMMA Investing LLC now owns 909 shares of the company's stock worth $36,000 after purchasing an additional 258 shares during the period. Quarry LP acquired a new position in Chefs' Warehouse in the 2nd quarter valued at about $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Chefs' Warehouse in the 2nd quarter valued at approximately $55,000. Finally, ORG Partners LLC acquired a new stake in shares of Chefs' Warehouse during the 2nd quarter worth approximately $122,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on CHEF shares. Jefferies Financial Group upped their price objective on Chefs' Warehouse from $51.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. BMO Capital Markets upped their price target on Chefs' Warehouse from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Chefs' Warehouse presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.50.

Insider Buying and Selling at Chefs' Warehouse

In other Chefs' Warehouse news, General Counsel Alexandros Aldous sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the completion of the transaction, the general counsel now owns 114,342 shares of the company's stock, valued at $5,145,390. This trade represents a 4.19 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 11.90% of the stock is currently owned by corporate insiders.

Chefs' Warehouse Trading Up 0.3 %

Chefs' Warehouse stock traded up $0.15 during trading on Friday, hitting $44.71. The company had a trading volume of 180,766 shares, compared to its average volume of 338,189. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 39.22 and a beta of 2.33. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. The Chefs' Warehouse, Inc. has a 1-year low of $26.73 and a 1-year high of $45.53. The company's 50 day simple moving average is $41.41 and its 200-day simple moving average is $40.34.

Chefs' Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company's product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.