Repertoire Partners LP Purchases Shares of 34,783 The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Repertoire Partners LP purchased a new stake in 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. The firm purchased 34,783 shares of the company’s stock, valued at approximately $1,461,000. Chefs’ Warehouse accounts for 1.6% of Repertoire Partners LP’s investment portfolio, making the stock its 11th biggest position. Repertoire Partners LP owned 0.09% of Chefs’ Warehouse at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC increased its position in shares of Chefs’ Warehouse by 1,089.7% in the second 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 increased its position in shares of Chefs’ Warehouse by 39.6% in the second 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 acquired a new stake in shares of Chefs’ Warehouse in the second quarter valued at about $54,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Chefs’ Warehouse in the second quarter valued at about $55,000. Finally, ORG Partners LLC bought a new position in Chefs’ Warehouse during the second quarter worth about $122,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Trading Up 4.8 %

Shares of NASDAQ:CHEF opened at $47.14 on Thursday. The Chefs’ Warehouse, Inc. has a 12-month low of $27.06 and a 12-month high of $47.20. The stock has a market cap of $1.86 billion, a PE ratio of 40.23 and a beta of 2.33. The business has a 50 day moving average of $41.59 and a 200-day moving average of $40.43. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Chefs’ Warehouse

In related news, General Counsel Alexandros Aldous sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the completion of the sale, the general counsel now directly owns 114,342 shares in the company, valued at approximately $5,145,390. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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.