WCM Investment Management LLC Purchases 170,600 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

WCM Investment Management LLC raised its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 92.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 354,333 shares of the company’s stock after buying an additional 170,600 shares during the period. WCM Investment Management LLC’s holdings in Chefs’ Warehouse were worth $17,362,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Repertoire Partners LP purchased a new stake in shares of Chefs’ Warehouse during the third quarter valued at approximately $1,461,000. Dynamic Technology Lab Private Ltd bought a new position in Chefs’ Warehouse in the 3rd quarter valued at $571,000. FMR LLC increased its position in shares of Chefs’ Warehouse by 95.0% during the 3rd quarter. FMR LLC now owns 5,890 shares of the company’s stock valued at $247,000 after purchasing an additional 2,870 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Chefs’ Warehouse by 33.9% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 126,232 shares of the company’s stock worth $5,303,000 after purchasing an additional 31,968 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Chefs’ Warehouse in the 3rd quarter worth about $1,309,000. Institutional investors own 91.55% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Alexandros Aldous sold 5,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the sale, the general counsel now owns 114,342 shares of the company’s stock, valued at approximately $5,145,390. This represents a 4.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 transaction, the chief financial officer now directly owns 145,589 shares of the company’s stock, valued at $7,112,022.65. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is owned by insiders.

Chefs’ Warehouse Price Performance

Shares of NASDAQ:CHEF opened at $54.21 on Monday. The company has a 50-day moving average price of $50.64 and a two-hundred day moving average price of $44.23. The Chefs’ Warehouse, Inc. has a twelve month low of $31.96 and a twelve month high of $56.65. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $2.14 billion, a PE ratio of 47.55 and a beta of 2.29.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Jefferies Financial Group raised their price objective on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets raised their price target 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. Finally, Lake Street Capital upped their price objective on Chefs’ Warehouse from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chefs’ Warehouse currently has a consensus rating of “Moderate Buy” and an average target price of $53.80.

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.