The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC grew its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 20.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,772 shares of the company’s stock after buying an additional 1,144 shares during the period. Verition Fund Management LLC’s holdings in Chefs’ Warehouse were worth $284,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in Chefs’ Warehouse by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,289,696 shares of the company’s stock valued at $50,440,000 after buying an additional 14,209 shares during the period. Victory Capital Management Inc. grew 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Chefs’ Warehouse by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 455,092 shares of the company’s stock worth $19,118,000 after purchasing an additional 3,739 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Chefs’ Warehouse by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 270,208 shares of the company’s stock worth $10,568,000 after purchasing an additional 5,612 shares in the last quarter. Finally, WCM Investment Management LLC purchased a new position in shares of Chefs’ Warehouse in the third quarter valued at approximately $7,680,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Trading Up 0.1 %

NASDAQ CHEF opened at $48.75 on Friday. The Chefs’ Warehouse, Inc. has a 52 week low of $27.64 and a 52 week high of $49.25. The firm has a 50 day moving average of $42.68 and a two-hundred day moving average of $40.95. The stock has a market capitalization of $1.93 billion, a PE ratio of 42.76 and a beta of 2.33. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39.

Analyst Ratings Changes

Several brokerages recently weighed in on CHEF. BMO Capital Markets upped their target price on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group upped their price objective on Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Insider Buying and Selling

In other news, CFO James Leddy sold 4,000 shares of the company’s stock in a transaction 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 transaction, the chief financial officer now owns 145,589 shares in the company, valued at approximately $7,112,022.65. This represents a 2.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Alexandros Aldous sold 5,000 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $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 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.