Stephens Investment Management Group LLC Raises Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Stephens Investment Management Group LLC boosted its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 1.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 212,741 shares of the company’s stock after purchasing an additional 2,507 shares during the period. Stephens Investment Management Group LLC’s holdings in Chefs’ Warehouse were worth $10,492,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC raised its stake in shares of Chefs’ Warehouse by 24.6% in the fourth quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock valued at $59,000 after buying an additional 237 shares during the period. KBC Group NV grew its stake in shares of Chefs’ Warehouse by 67.1% during the 4th quarter. KBC Group NV now owns 2,100 shares of the company’s stock worth $104,000 after acquiring an additional 843 shares during the period. ORG Wealth Partners LLC purchased a new stake in Chefs’ Warehouse in the 3rd quarter worth about $130,000. iSAM Funds UK Ltd bought a new stake in Chefs’ Warehouse in the 3rd quarter valued at about $225,000. Finally, FMR LLC boosted its position in Chefs’ Warehouse by 95.0% during the third quarter. FMR LLC now owns 5,890 shares of the company’s stock worth $247,000 after purchasing an additional 2,870 shares during the period. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Lake Street Capital lifted their target price on shares of Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. BMO Capital Markets boosted their target price on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Jefferies Financial Group increased their target price on Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.80.

Chefs’ Warehouse Price Performance

Shares of NASDAQ:CHEF opened at $54.21 on Monday. The company has a 50 day moving average of $50.64 and a 200 day moving average of $44.23. 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 cap of $2.14 billion, a P/E ratio of 47.55 and a beta of 2.29. The Chefs’ Warehouse, Inc. has a 12 month low of $31.96 and a 12 month high of $56.65.

Insider Activity

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 5,000 shares of the firm’s 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 owns 114,342 shares of the company’s stock, valued at $5,145,390. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO James Leddy sold 4,000 shares of Chefs’ Warehouse stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $48.85, for a total value of $195,400.00. Following the sale, the chief financial officer now owns 145,589 shares of the company’s stock, valued at approximately $7,112,022.65. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.90% 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.