Amalgamated Bank Has $499,000 Holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Amalgamated Bank cut its holdings in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 2.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,108 shares of the company’s stock after selling 205 shares during the quarter. Amalgamated Bank’s holdings in Chefs’ Warehouse were worth $499,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in Chefs’ Warehouse by 24.6% during the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock valued at $59,000 after purchasing an additional 237 shares during the period. Verdence Capital Advisors LLC lifted its position in Chefs’ Warehouse by 7.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company’s stock valued at $284,000 after purchasing an additional 481 shares during the period. New York State Teachers Retirement System lifted its position in Chefs’ Warehouse by 1.6% during the 3rd quarter. New York State Teachers Retirement System now owns 41,742 shares of the company’s stock valued at $1,754,000 after purchasing an additional 640 shares during the period. KBC Group NV lifted its position in Chefs’ Warehouse by 67.1% during the 4th quarter. KBC Group NV now owns 2,100 shares of the company’s stock valued at $104,000 after purchasing an additional 843 shares during the period. Finally, Verition Fund Management LLC lifted its position in Chefs’ Warehouse by 20.3% during the 3rd quarter. Verition Fund Management LLC now owns 6,772 shares of the company’s stock valued at $284,000 after purchasing an additional 1,144 shares during the period. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CHEF has been the topic of a number of analyst reports. Jefferies Financial Group increased their price target on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Lake Street Capital increased their price target on shares of Chefs’ Warehouse from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. BMO Capital Markets increased their price target on shares of Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday, February 13th. Benchmark increased their price target on shares of Chefs’ Warehouse from $55.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Finally, UBS Group increased their price target on shares of Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $67.60.

Insider Transactions at Chefs’ Warehouse

In other news, CFO James Leddy sold 4,000 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $7,112,022.65. This trade represents a 2.67 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 11.90% of the company’s stock.

Chefs’ Warehouse Stock Performance

Shares of CHEF stock opened at $62.03 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.30 and a current ratio of 2.04. The company has a market capitalization of $2.50 billion, a P/E ratio of 47.35 and a beta of 2.29. The company’s 50 day moving average price is $55.63 and its two-hundred day moving average price is $47.07. The Chefs’ Warehouse, Inc. has a 52 week low of $31.96 and a 52 week high of $66.51.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. Chefs’ Warehouse had a net margin of 1.46% and a return on equity of 12.90%. On average, analysts expect that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

About Chefs’ Warehouse

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.