45,990 Shares in The Chefs’ Warehouse, Inc. $CHEF Acquired by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 45,990 shares of the company’s stock, valued at approximately $5,159,000. Chefs’ Warehouse makes up approximately 1.4% of Lisanti Capital Growth LLC’s investment portfolio, making the stock its 22nd largest holding. Lisanti Capital Growth LLC owned 0.11% of Chefs’ Warehouse at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund increased its position in shares of Chefs’ Warehouse by 12.0% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 19,147 shares of the company’s stock valued at $2,148,000 after purchasing an additional 2,050 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new stake in shares of Chefs’ Warehouse in the third quarter valued at $54,000. Pictet Asset Management Holding SA lifted its holdings in shares of Chefs’ Warehouse by 1.1% in the third quarter. Pictet Asset Management Holding SA now owns 188,842 shares of the company’s stock valued at $21,182,000 after buying an additional 1,991 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Chefs’ Warehouse by 16.3% in the third quarter. Parallel Advisors LLC now owns 934 shares of the company’s stock valued at $105,000 after buying an additional 131 shares during the period. Finally, Commonwealth Equity Services LLC bought a new position in Chefs’ Warehouse during the third quarter valued at about $202,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. UBS Group boosted their price target on shares of Chefs’ Warehouse from $125.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, October 29th. Morgan Stanley raised their price objective on shares of Chefs’ Warehouse from $120.00 to $121.00 and gave the company an “equal weight” rating in a research report on Thursday, October 29th. Weiss Ratings raised shares of Chefs’ Warehouse from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, September 18th. Zacks Research downgraded shares of Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 13th. Finally, BTIG Research boosted their target price on shares of Chefs’ Warehouse from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Chefs’ Warehouse has an average rating of “Moderate Buy” and a consensus price target of $120.17.

Chefs’ Warehouse Stock Down 0.8%

Shares of Chefs’ Warehouse stock opened at $107.30 on Thursday. The stock’s fifty day moving average is $109.51 and its 200-day moving average is $88.47. The firm has a market capitalization of $4.66 billion, a PE ratio of 46.05 and a beta of 1.47. The company has a quick ratio of 1.35, a current ratio of 2.21 and a debt-to-equity ratio of 1.01. The Chefs’ Warehouse, Inc. has a 12-month low of $56.46 and a 12-month high of $118.51.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.07. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.12 billion. Chefs’ Warehouse had a return on equity of 17.48% and a net margin of 2.27%. Chefs’ Warehouse’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter last year, the company posted $0.50 EPS. Equities analysts anticipate that The Chefs’ Warehouse, Inc. will post 2.55 earnings per share for the current year.

Insiders Place Their Bets

In other Chefs’ Warehouse news, CEO Christopher Pappas sold 100,000 shares of the business’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $110.11, for a total transaction of $11,011,000.00. Following the sale, the chief executive officer directly owned 2,105,480 shares of the company’s stock, valued at $231,834,402.80. The trade was a 4.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, General Counsel Alexandros Aldous sold 35,000 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $110.97, for a total value of $3,883,950.00. Following the transaction, the general counsel directly owned 34,442 shares in the company, valued at $3,822,028.74. The trade was a 50.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 137,752 shares of company stock worth $15,203,174. Corporate insiders own 11.10% of the company’s stock.

Chefs’ Warehouse Company Profile

The Chefs’ Warehouse, Inc. is a specialty food distributor serving chefs and other culinary professionals. It supplies restaurants, hotels, country clubs, caterers, culinary schools and specialty food retailers, with a focus on products used in upscale and independent food-service businesses. Its offerings include specialty and artisan foods such as cheese, meat, seafood, produce, oils, vinegars, pastry ingredients and other center-of-the-plate and pantry products. The company also provides related supplies and services, including product sourcing and support for customers’ culinary needs.