Algert Global LLC Grows Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Algert Global LLC lifted its position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 37.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 64,412 shares of the company's stock after purchasing an additional 17,396 shares during the quarter. Algert Global LLC owned about 0.16% of Chefs' Warehouse worth $2,519,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its stake in Chefs' Warehouse by 1,089.7% during the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company's stock worth $27,000 after buying an additional 632 shares during the period. GAMMA Investing LLC boosted its position in Chefs' Warehouse by 39.6% during the 2nd 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. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Chefs' Warehouse in the 2nd quarter valued at $55,000. ORG Partners LLC purchased a new position in Chefs' Warehouse in the second quarter valued at about $122,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Chefs' Warehouse during the second quarter worth about $160,000. Institutional investors and hedge funds own 91.55% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group increased their target price on Chefs' Warehouse from $51.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.25.

Chefs' Warehouse Price Performance

CHEF opened at $41.84 on Wednesday. The Chefs' Warehouse, Inc. has a twelve month low of $17.29 and a twelve month high of $44.58. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 48.09 and a beta of 2.32. The company has a current ratio of 1.85, a quick ratio of 1.08 and a debt-to-equity ratio of 1.43. The company has a fifty day simple moving average of $40.18 and a 200 day simple moving average of $38.62.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.04. The business had revenue of $954.70 million for the quarter, compared to analyst estimates of $945.34 million. Chefs' Warehouse had a return on equity of 12.62% and a net margin of 1.11%. The company's revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.35 earnings per share. Equities research analysts expect that The Chefs' Warehouse, Inc. will post 1.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Alexandros Aldous sold 10,000 shares of the stock in a transaction that occurred on Monday, July 8th. The stock was sold at an average price of $42.50, for a total transaction of $425,000.00. Following the completion of the transaction, the general counsel now directly owns 119,342 shares in the company, valued at approximately $5,072,035. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 11.90% of the stock is owned by company insiders.

About Chefs' Warehouse

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.