Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
BMO upgrades CHEF to outperform with a $30 price target.
https://seekingalpha.com/news/3634365-chefs-warehouseplus-3-after-bmo-points-to-2021-upside
31 Million float. Shares are getting snapped up, and locked away for future big time gains. This will also help the rally as this heads back to pre china flu levels over time. $40 and possibly higher as the vaccine ramps, time passes, and eventually back to some sort of normalization.
Plus, $CHEF just added a couple solid names to the board. $CHEF handeled itself well during this china flu. A solid company, with solid people running it.
$CHEF
News; $CHEF Why Coca-Cola, Chefs' Warehouse, and Middleby Stocks All Popped on Today's Vaccine News
What happened Pfizer announced Monday that its vaccine candidate BNT162b2 "was found to be more than 90% effective in preventing COVID-19," the disease that caused a pandemic, spawned a recession , and destroyed America's restaurant sector. Investors hearing the news Monday ...
Read the whole news CHEF - Why Coca-Cola, Chefs' Warehouse, and Middleby Stocks All Popped on Today's Vaccine News
I would hope you understand things can change day to day in the market. This is common knowledge.
I'll let you make your own decision.
Cheers!
dam.... about time:)
$CHEF
Which post should I believe.....Is it going BOOOOOOM......back to $40.00......or is it dead in the water????? LOL
PokerStar
Pfizer vaccine 90% effective confirmed. $CHEF about to go BOOM!! Time to head back to $40.
Looks like the Trump plan for hospitality is dead. Bring on the Biden shut down instead...
Dead in the water.
Trump has big things lined up to help restaurants. If he gets elected, I would go big and long here.
This thing is toast. When the verdict is given on the lady that was with her drug dealer boyfriend shooting at police gets given, they will riot, burn, and loot across the country. Left wing mandates will continue to destroy, and crazy nancy still blocking stimulus.
No wonder communist china wants the left to win.. Its really very unfortunate.
Good day today my friend $$$$$$$)
Left wing mandates are destroying restaurants. You can gather in mass to burn down buildings and loot, but you can't responsibly social distance and go out to eat...
So called peaceful protests that include death and destruction are somehow ok now?
Going out to eat with my family is not ok?
The Chefs Warehouse
Vs
Liberty mutual insurance company, and Employees insurance company of Wausau
This will be one to watch. $CHEF
News: $CHEF Are Investors Too Bullish About US Foods' Better-Than-Expected Second Quarter?
Recently, US Foods Holding Corp. (NYSE: USFD) reported second-quarter results that outperformed the analyst consensus, despite some continued negative pressure from the pandemic. The stock market responded by bidding up the share values of not just US Foods but also other food suppliers, inc...
In case you are interested CHEF - Are Investors Too Bullish About US Foods' Better-Than-Expected Second Quarter?
Easily my friend. Patients is key! Well b back very very soon
$12s look like a good accumulation area. This being around $40 pre covid, I think $25-$30 very possible in the next year.
$CHEF
Plus 13 today $$$$$$$$
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. We are almost done with the second quarter. Investors decided to bet on the economic recovery and a stock market rebound. S&P 500 Index returned almost 20% this quarter. In this article we look at how hedge funds traded The Chefs Warehouse, Inc (NASDAQ:CHEF) and determine whether the smart money was really smart about this stock.
Is The Chefs Warehouse, Inc (NASDAQ:CHEF) a buy right now? Hedge funds were taking an optimistic view. The number of bullish hedge fund bets moved up by 4 lately. Our calculations also showed that CHEF isn't among the 30 most popular stocks among hedge funds (click for Q1 rankings and see the video for a quick look at the top 5 stocks). CHEF was in 11 hedge funds' portfolios at the end of the first quarter of 2020. There were 7 hedge funds in our database with CHEF positions at the end of the previous quarter. Video: Watch our video about the top 5 most popular hedge fund stocks.
In the financial world there are a large number of tools investors have at their disposal to grade stocks. A pair of the most under-the-radar tools are hedge fund and insider trading indicators. We have shown that, historically, those who follow the top picks of the best fund managers can outperform the broader indices by a solid amount. Insider Monkey's monthly stock picks returned 101% since March 2017 and outperformed the S&P 500 ETFs by more than 58 percentage points. Our short strategy outperformed the S&P 500 short ETFs by 20 percentage points annually (see the details here). That's why we believe hedge fund sentiment is a useful indicator that investors should pay attention to.
[caption id="attachment_673876" align="aligncenter" width="400"] John Overdeck of Two Sigma Advisors[/caption]
John Overdeck of Two Sigma
John Overdeck of Two Sigma
At Insider Monkey we scour multiple sources to uncover the next great investment idea. There is a lot of volatility in the markets and this presents amazing investment opportunities from time to time. For example, this trader claims to deliver juiced up returns with one trade a week, so we are checking out his highest conviction idea. A second trader claims to score lucrative profits by utilizing a "weekend trading strategy", so we look into his strategy's picks. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. We recently recommended several stocks partly inspired by legendary Bill Miller's investor letter. Our best call in 2020 was shorting the market when the S&P 500 was trading at 3150 in February after realizing the coronavirus pandemic’s significance before most investors. Keeping this in mind we're going to check out the new hedge fund action surrounding The Chefs Warehouse, Inc (NASDAQ:CHEF).
How are hedge funds trading The Chefs Warehouse, Inc (NASDAQ:CHEF)?
Heading into the second quarter of 2020, a total of 11 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 57% from the previous quarter. The graph below displays the number of hedge funds with bullish position in CHEF over the last 18 quarters. With hedgies' capital changing hands, there exists a few noteworthy hedge fund managers who were upping their stakes significantly (or already accumulated large positions).
Is CHEF A Good Stock To Buy?
Is CHEF A Good Stock To Buy?
The largest stake in The Chefs Warehouse, Inc (NASDAQ:CHEF) was held by Legion Partners Asset Management, which reported holding $16.8 million worth of stock at the end of September. It was followed by Renaissance Technologies with a $11.5 million position. Other investors bullish on the company included D E Shaw, Millennium Management, and Two Sigma Advisors. In terms of the portfolio weights assigned to each position Legion Partners Asset Management allocated the biggest weight to The Chefs Warehouse, Inc (NASDAQ:CHEF), around 7.08% of its 13F portfolio. PDT Partners is also relatively very bullish on the stock, setting aside 0.04 percent of its 13F equity portfolio to CHEF.
With a general bullishness amongst the heavyweights, specific money managers were leading the bulls' herd. Legion Partners Asset Management, managed by Ted White and Christopher Kiper, created the largest position in The Chefs Warehouse, Inc (NASDAQ:CHEF). Legion Partners Asset Management had $16.8 million invested in the company at the end of the quarter. D. E. Shaw's D E Shaw also initiated a $2.9 million position during the quarter. The other funds with brand new CHEF positions are John Overdeck and David Siegel's Two Sigma Advisors, Ryan Tolkin (CIO)'s Schonfeld Strategic Advisors, and Paul Tudor Jones's Tudor Investment Corp.
Let's also examine hedge fund activity in other stocks similar to The Chefs Warehouse, Inc (NASDAQ:CHEF). We will take a look at Purple Innovation, Inc. (NASDAQ:PRPL), Tivity Health, Inc. (NASDAQ:TVTY), Intelligent Systems Corporation (NYSE:INS), and Flexion Therapeutics Inc (NASDAQ:FLXN). This group of stocks' market values are similar to CHEF's market value.
[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position PRPL,14,71224,1 TVTY,13,134787,-5 INS,9,62514,0 FLXN,14,55390,-1 Average,12.5,80979,-1.25 [/table]
View table here if you experience formatting issues.
As you can see these stocks had an average of 12.5 hedge funds with bullish positions and the average amount invested in these stocks was $81 million. That figure was $35 million in CHEF's case. Purple Innovation, Inc. (NASDAQ:PRPL) is the most popular stock in this table. On the other hand Intelligent Systems Corporation (NYSE:INS) is the least popular one with only 9 bullish hedge fund positions. The Chefs Warehouse, Inc (NASDAQ:CHEF) is not the least popular stock in this group but hedge fund interest is still below average. Our calculations showed that top 10 most popular stocks among hedge funds returned 41.4% in 2019 and outperformed the S&P 500 ETF (SPY) by 10.1 percentage points. These stocks gained 12.3% in 2020 through June 30th and still beat the market by 15.5 percentage points. A small number of hedge funds were also right about betting on CHEF as the stock returned 34.9% during the second quarter and outperformed the market by an even larger margin.
I'm waiting until the next quarterly to add for long term, I imagine numbers will be ugly and will present a good buying opportunity imo
Was kinda hoping for a $10 test to swoop in. Not sure it will see $10s again.. Not a fan of averaging up, but would here.
Glta
All the markets are down , states are closing back up , restaurants are closing first
Any idea how financials will be?
$13.50 area was the previous resistance area. Let's see if it acts as support and starts the reversal. I personally think with all the cases of Coronavirus in the southern states and the chance that things will slow down big time with restaurants for a while longer. Think this may head back to the $10-$13 channel until things get better. IMO.
PokerStar
Been here since 7 plus my friend. These are still good prices with lots of room to run. Best of trades either way
6.00 to 20.00 2.5 months. damn i wish i could have held longer.
so many deals in march made people rich if you held.
Anything is possible here. People that have any knowledge of this ticker knows it was at almost $40 before the shutdown and the price was artificially brought down to an unrealistic $3.60. It's been starting to gather more traction since support above $15 was tested and confirmed early last week. We almost tested $20 on Friday before the usual beer money sell off. We'll probably open in mid $19s on Monday and break through $20 early. I expect a little churning between $19-$22 before a break for $25. It could happen fast or it could take longer, but based on the fact that the world of restaurants that we supply are starting to begin to reopen, I think smart money is adding or re-buying from before the crash. I am bullish and not going anywhere. Started buying on the way back up over $4 and have added all the way up at every $2 increment. Easy money.....buy and hold and forget the daily fluctuations.
PokerStar
I think it wants to go home!
Home was $35-$40!
$CHEF
Just warming up my friend
#CHEF LIFE #
All good
OTC is hot right now too.. usually the summer is dead!!
Many runners....catch the next one bro!
$CHEF
I should have known better. hold for gold and wait for the economy to open.
missed so many opportunities. once in a life time.
$30 in the next 30 days ?
$20 cometh!!!
$CHEF
#wherechefsshop
regrets.
Cha ching!!!!
$CHEF
#wherechefsshop
$19s hitting! This was at $40 before.
$CHEF
18 plus today???????
No you didnt!
$CHEF
Cheers Bro!
Let’s keep going $$$$$$$$$
BOOM!!!
$CHEF
#wherechefsshop
Werd!!!!
$CHEF
#wherxhefsshop
Bro,,,, it’s just the beginning.... Longs know what we HAVE here $$$$$$$
DAMMM GOOD DAY HERE!
Love all the green in the TDA account.
$CHEF
#wherechefsshop
Broke $17. Higher highs, lower lows.
$CHEF
16 plus printing $$$$$$$
GREEN IS GOOD!
$CHEF
#wherechefsshop
Followers
|
6
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
399
|
Created
|
09/17/13
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |