Intech Investment Management LLC Purchases Shares of 8,905 The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Intech Investment Management LLC purchased a new stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 8,905 shares of the company’s stock, valued at approximately $374,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Chefs’ Warehouse in the 3rd quarter valued at approximately $1,309,000. Natixis Advisors LLC increased its position in Chefs’ Warehouse by 23.0% in the 3rd quarter. Natixis Advisors LLC now owns 37,756 shares of the company’s stock valued at $1,586,000 after acquiring an additional 7,068 shares during the period. Victory Capital Management Inc. increased its position in Chefs’ Warehouse by 1.2% in the 3rd quarter. Victory Capital Management Inc. now owns 502,415 shares of the company’s stock valued at $21,106,000 after acquiring an additional 6,070 shares during the period. WCM Investment Management LLC acquired a new position in Chefs’ Warehouse in the 3rd quarter valued at approximately $7,680,000. Finally, Verdence Capital Advisors LLC increased its position in shares of Chefs’ Warehouse by 7.6% during the third quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company’s stock worth $284,000 after buying an additional 481 shares during the period. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Chefs’ Warehouse Trading Up 2.2 %

NASDAQ:CHEF opened at $45.00 on Wednesday. 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 stock has a market capitalization of $1.78 billion, a price-to-earnings ratio of 39.47 and a beta of 2.33. The firm has a fifty day simple moving average of $41.49 and a two-hundred day simple moving average of $40.39. The Chefs’ Warehouse, Inc. has a 12 month low of $27.04 and a 12 month high of $45.70.

Analyst Upgrades and Downgrades

CHEF has been the subject of several recent analyst reports. Jefferies Financial Group increased their price objective on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. BMO Capital Markets increased their price objective 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $50.50.

Insiders Place Their Bets

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 5,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were 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. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 12.90% of the company’s stock.

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.