Fmr LLC Increases Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Fmr LLC boosted its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 95.0% in the 3rd quarter, Holdings Channel reports. The fund owned 5,890 shares of the company’s stock after purchasing an additional 2,870 shares during the period. Fmr LLC’s holdings in Chefs’ Warehouse were worth $247,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Chefs’ Warehouse during the third quarter worth $571,000. Algert Global LLC boosted its stake in Chefs’ Warehouse by 30.6% in the 3rd quarter. Algert Global LLC now owns 84,142 shares of the company’s stock worth $3,535,000 after buying an additional 19,730 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Chefs’ Warehouse by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 455,092 shares of the company’s stock valued at $19,118,000 after buying an additional 3,739 shares during the period. Intech Investment Management LLC acquired a new position in shares of Chefs’ Warehouse during the 3rd quarter valued at about $374,000. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Chefs’ Warehouse during the 3rd quarter valued at about $1,309,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CHEF. BMO Capital Markets upped 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. Jefferies Financial Group increased their target price on Chefs’ Warehouse from $53.00 to $58.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. Finally, Lake Street Capital upped their price target on Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $53.40.

Insider Activity

In other Chefs’ Warehouse news, CFO James Leddy sold 4,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $48.85, for a total value of $195,400.00. Following the completion of the sale, the chief financial officer now owns 145,589 shares of the company’s stock, valued at $7,112,022.65. This trade represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Alexandros Aldous sold 5,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Chefs’ Warehouse Stock Down 0.2 %

Shares of Chefs’ Warehouse stock opened at $48.34 on Friday. The company has a fifty day moving average price of $43.42 and a 200 day moving average price of $41.21. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. The Chefs’ Warehouse, Inc. has a twelve month low of $27.64 and a twelve month high of $49.78. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 42.40 and a beta of 2.33.

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.