Louisiana State Employees Retirement System acquired a new position in Chefs’ Warehouse Inc (NASDAQ:CHEF) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 8,694 shares of the company’s stock, valued at approximately $278,000.
Other hedge funds have also bought and sold shares of the company. First Quadrant L P CA purchased a new position in Chefs’ Warehouse in the third quarter worth $101,000. Harvest Fund Management Co. Ltd boosted its position in Chefs’ Warehouse by 194.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,189 shares of the company’s stock worth $116,000 after purchasing an additional 2,105 shares during the last quarter. Citadel Advisors LLC purchased a new position in Chefs’ Warehouse in the third quarter worth $218,000. BB&T Corp purchased a new position in Chefs’ Warehouse in the third quarter worth $234,000. Finally, WINTON GROUP Ltd purchased a new position in Chefs’ Warehouse in the second quarter worth $212,000. 76.97% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on CHEF shares. BidaskClub raised Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research report on Wednesday, January 16th. Loop Capital reissued a “buy” rating and issued a $39.00 price objective on shares of Chefs’ Warehouse in a research report on Friday, November 2nd. Finally, Zacks Investment Research cut Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research report on Thursday, January 3rd. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Chefs’ Warehouse presently has a consensus rating of “Buy” and a consensus price target of $32.67.
Shares of CHEF opened at $34.18 on Wednesday. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 77.68, a PEG ratio of 1.73 and a beta of 0.80. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.77 and a current ratio of 2.71. Chefs’ Warehouse Inc has a 1 year low of $18.65 and a 1 year high of $39.26.
In other Chefs’ Warehouse news, Director John A. Couri sold 9,000 shares of the business’s stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $36.01, for a total value of $324,090.00. Following the sale, the director now directly owns 16,007 shares in the company, valued at $576,412.07. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 20.60% of the company’s stock.
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About Chefs’ Warehouse
The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 48,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.
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