Repertoire Partners LP Acquires New Stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Repertoire Partners LP bought a new stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 34,783 shares of the company's stock, valued at approximately $1,461,000. Chefs' Warehouse accounts for approximately 1.6% of Repertoire Partners LP's investment portfolio, making the stock its 11th biggest position. Repertoire Partners LP owned about 0.09% of Chefs' Warehouse at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC grew its holdings in Chefs' Warehouse by 1,089.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 690 shares of the company's stock valued at $27,000 after buying an additional 632 shares in the last quarter. GAMMA Investing LLC grew its holdings in Chefs' Warehouse by 39.6% during the 2nd quarter. GAMMA Investing LLC now owns 909 shares of the company's stock valued at $36,000 after buying an additional 258 shares in the last quarter. Quarry LP purchased a new position in Chefs' Warehouse during the 2nd quarter valued at approximately $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Chefs' Warehouse during the 2nd quarter valued at approximately $55,000. Finally, ORG Partners LLC purchased a new position in Chefs' Warehouse during the 2nd quarter valued at approximately $122,000. Institutional investors own 91.55% of the company's stock.

Insider Transactions at Chefs' Warehouse

In related news, General Counsel Alexandros Aldous sold 5,000 shares of the business's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the transaction, the general counsel now owns 114,342 shares in the company, valued at $5,145,390. The trade was a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 11.90% of the company's stock.

Chefs' Warehouse Trading Up 1.8 %

Shares of Chefs' Warehouse stock traded up $0.86 on Thursday, reaching $48.00. The company had a trading volume of 436,672 shares, compared to its average volume of 341,140. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 41.35 and a beta of 2.33. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06. The firm's 50-day moving average price is $41.71 and its two-hundred day moving average price is $40.48. The Chefs' Warehouse, Inc. has a 1 year low of $27.06 and a 1 year high of $48.22.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CHEF. BMO Capital Markets raised their price target on Chefs' Warehouse from $50.00 to $55.00 and gave the company an "outperform" rating in a report on Thursday, October 31st. Jefferies Financial Group raised their price target on Chefs' Warehouse from $51.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $50.50.

Chefs' Warehouse 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.