Stifel Financial Corp Sells 1,692 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Stifel Financial Corp trimmed its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 3.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 43,455 shares of the company’s stock after selling 1,692 shares during the period. Stifel Financial Corp’s holdings in Chefs’ Warehouse were worth $1,826,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CHEF. WCM Investment Management LLC purchased a new position in Chefs’ Warehouse during the third quarter valued at $7,680,000. Cubist Systematic Strategies LLC increased its holdings in Chefs’ Warehouse by 584.7% during the second quarter. Cubist Systematic Strategies LLC now owns 49,437 shares of the company’s stock valued at $1,933,000 after buying an additional 59,637 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Chefs’ Warehouse by 11.8% during the second quarter. Victory Capital Management Inc. now owns 496,345 shares of the company’s stock valued at $19,412,000 after purchasing an additional 52,246 shares during the period. Renaissance Technologies LLC purchased a new stake in Chefs’ Warehouse in the 2nd quarter worth approximately $1,586,000. Finally, Repertoire Partners LP bought a new stake in Chefs’ Warehouse during the 3rd quarter worth approximately $1,461,000. 91.55% of the stock is currently owned by institutional investors.

Chefs’ Warehouse Trading Down 0.2 %

Shares of NASDAQ:CHEF opened at $48.34 on Friday. The business has a 50-day moving average price of $43.42 and a 200-day moving average price of $41.21. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 42.40 and a beta of 2.33. The Chefs’ Warehouse, Inc. has a 52-week low of $27.64 and a 52-week high of $49.78. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39.

Insiders Place Their Bets

In related news, CFO James Leddy sold 4,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $48.85, for a total transaction of $195,400.00. Following the completion of the transaction, the chief financial officer now directly owns 145,589 shares in the company, valued at $7,112,022.65. The trade was a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Alexandros Aldous sold 5,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the sale, the general counsel now directly owns 114,342 shares in the company, valued at $5,145,390. This represents a 4.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CHEF. Lake Street Capital upped their price target on shares of Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, December 16th. BMO Capital Markets boosted their price objective on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Finally, Jefferies Financial Group increased their price objective on Chefs’ Warehouse from $53.00 to $58.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Chefs’ Warehouse currently has an average rating of “Moderate Buy” and an average target price of $53.40.

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.