Dynamic Technology Lab Private Ltd Invests $571,000 in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Dynamic Technology Lab Private Ltd bought a new position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) during the third quarter, HoldingsChannel reports. The institutional investor bought 13,586 shares of the company’s stock, valued at approximately $571,000.

A number of other institutional investors have also made changes to their positions in CHEF. Nisa Investment Advisors LLC boosted its stake 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 acquiring an additional 632 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 acquiring an additional 258 shares during the last quarter. Quarry LP bought a new position in Chefs’ Warehouse during the 2nd quarter valued at $54,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Chefs’ Warehouse during the 2nd quarter valued at $55,000. Finally, ORG Partners LLC bought a new position in Chefs’ Warehouse during the 2nd quarter valued at $122,000. 91.55% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on CHEF. Jefferies Financial Group raised their price target on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. BMO Capital Markets raised their price target on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.50.

Chefs’ Warehouse Stock Up 0.3 %

CHEF stock opened at $44.71 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39. The Chefs’ Warehouse, Inc. has a fifty-two week low of $26.73 and a fifty-two week high of $45.53. The firm’s 50-day simple moving average is $41.33 and its 200 day simple moving average is $40.30. The stock has a market cap of $1.77 billion, a PE ratio of 39.22 and a beta of 2.33.

Insider Buying and Selling

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the transaction, the general counsel now owns 114,342 shares of the company’s stock, valued at approximately $5,145,390. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 11.90% of the company’s stock.

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.