Verdence Capital Advisors LLC Has $284,000 Stock Holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Verdence Capital Advisors LLC grew its stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,772 shares of the company’s stock after purchasing an additional 481 shares during the period. Verdence Capital Advisors LLC’s holdings in Chefs’ Warehouse were worth $284,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC raised 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 worth $27,000 after buying an additional 632 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Chefs’ Warehouse by 39.6% in the 2nd quarter. GAMMA Investing LLC now owns 909 shares of the company’s stock worth $36,000 after purchasing an additional 258 shares in the last quarter. Quarry LP acquired a new stake in Chefs’ Warehouse in the 2nd quarter valued at $54,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Chefs’ Warehouse during the 2nd quarter valued at $55,000. Finally, ORG Partners LLC acquired a new position in Chefs’ Warehouse during the second quarter worth $122,000. Institutional investors own 91.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CHEF shares. BMO Capital Markets boosted their target price 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. Jefferies Financial Group boosted their price objective on Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.

Chefs’ Warehouse Stock Down 2.0 %

CHEF opened at $42.10 on Wednesday. The Chefs’ Warehouse, Inc. has a fifty-two week low of $23.49 and a fifty-two week high of $44.58. The firm has a market capitalization of $1.67 billion, a P/E ratio of 36.93 and a beta of 2.33. The company’s 50-day moving average is $40.69 and its 200 day moving average is $39.81. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06.

Chefs’ Warehouse 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.