SG Americas Securities LLC Has $1.17 Million Stock Holdings in The Chefs’ Warehouse, Inc. $CHEF

SG Americas Securities LLC raised its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 111.8% in the first quarter, Holdings Channel reports. The firm owned 19,668 shares of the company’s stock after acquiring an additional 10,381 shares during the quarter. SG Americas Securities LLC’s holdings in Chefs’ Warehouse were worth $1,169,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CHEF. Hantz Financial Services Inc. raised its stake in shares of Chefs’ Warehouse by 229.5% during the 4th quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $29,000 after purchasing an additional 319 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its stake 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 buying an additional 438 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Chefs’ Warehouse in the fourth quarter valued at $31,000. Osaic Holdings Inc. grew its stake 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 buying an additional 188 shares in the last quarter. Finally, Vestcor Inc acquired a new position in Chefs’ Warehouse during the third quarter worth $57,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Insider Activity

In other news, CEO Christopher Pappas sold 125,000 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $78.00, for a total transaction of $9,750,000.00. Following the completion of the sale, the chief executive officer owned 2,189,453 shares in the company, valued at approximately $170,777,334. This trade represents a 5.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Christina Polychroni sold 4,500 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $79.21, for a total transaction of $356,445.00. Following the sale, the insider owned 24,642 shares of the company’s stock, valued at approximately $1,951,892.82. This represents a 15.44% decrease in their position. The SEC filing for this sale provides additional information. 11.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CHEF has been the topic of several analyst reports. Zacks Research lowered shares of Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. BTIG Research lifted their price objective on shares of Chefs’ Warehouse from $82.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Morgan Stanley restated an “overweight” rating and set a $83.00 price objective on shares of Chefs’ Warehouse in a research note on Thursday, April 30th. Benchmark upped their target price on shares of Chefs’ Warehouse from $84.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Finally, Wall Street Zen downgraded shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note on Monday, June 29th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Chefs’ Warehouse has a consensus rating of “Moderate Buy” and an average target price of $83.83.

Chefs’ Warehouse Price Performance

CHEF stock opened at $95.62 on Friday. The Chefs’ Warehouse, Inc. has a 1-year low of $53.20 and a 1-year high of $97.63. The business’s 50 day simple moving average is $83.08 and its 200 day simple moving average is $70.51. The company has a current ratio of 2.18, a quick ratio of 1.33 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $3.90 billion, a PE ratio of 53.12 and a beta of 1.39.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.17. Chefs’ Warehouse had a return on equity of 15.54% and a net margin of 1.87%.The business 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 firm posted $0.25 EPS. The company’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, research analysts anticipate that The Chefs’ Warehouse, Inc. will post 2.37 EPS for the current year.

Chefs’ Warehouse Company 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.