Great West Life Assurance Co. Can grew its holdings in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Get Rating) by 27.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 41,768 shares of the company’s stock after buying an additional 8,930 shares during the quarter. Great West Life Assurance Co. Can owned 0.11% of Chefs’ Warehouse worth $1,210,000 at the end of the most recent reporting period.
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Several other hedge funds have also recently made changes to their positions in the business. Assenagon Asset Management S.A. grew its holdings in Chefs’ Warehouse by 38.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 38,059 shares of the company’s stock valued at $1,480,000 after purchasing an additional 10,615 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Chefs’ Warehouse by 3.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 737,129 shares of the company’s stock valued at $21,354,000 after purchasing an additional 27,173 shares during the last quarter. Russell Investments Group Ltd. bought a new position in Chefs’ Warehouse during the 2nd quarter valued at about $3,519,000. Pacific Global Investment Management Co. grew its holdings in Chefs’ Warehouse by 6.9% during the 3rd quarter. Pacific Global Investment Management Co. now owns 29,543 shares of the company’s stock valued at $856,000 after purchasing an additional 1,919 shares during the last quarter. Finally, Aristotle Capital Boston LLC grew its holdings in Chefs’ Warehouse by 10.3% during the 2nd quarter. Aristotle Capital Boston LLC now owns 293,227 shares of the company’s stock valued at $11,404,000 after purchasing an additional 27,316 shares during the last quarter. 86.54% of the stock is currently owned by hedge funds and other institutional investors.
Chefs’ Warehouse Price Performance
NASDAQ CHEF opened at $38.23 on Wednesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.69 and a current ratio of 2.50. The firm’s 50 day moving average price is $35.73 and its 200-day moving average price is $34.77. The Chefs’ Warehouse, Inc. has a 52-week low of $26.27 and a 52-week high of $42.16. The company has a market cap of $1.46 billion, a PE ratio of 42.96 and a beta of 1.73.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on the stock. StockNews.com assumed coverage on shares of Chefs’ Warehouse in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Jefferies Financial Group upgraded shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, December 21st. Finally, Benchmark upped their target price on shares of Chefs’ Warehouse from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Monday, November 14th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $46.00.
Chefs’ Warehouse Profile
The Chefs’ Warehouse, Inc engages in the distribution of specialty food products. It focuses on serving the specific needs of chefs who own and operate some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores.
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