State of Alaska Department of Revenue Sells 1,010 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

State of Alaska Department of Revenue cut its position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,773 shares of the company’s stock after selling 1,010 shares during the quarter. State of Alaska Department of Revenue’s holdings in Chefs’ Warehouse were worth $830,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CHEF. Lazard Asset Management LLC boosted its holdings in shares of Chefs’ Warehouse by 86.9% during the 1st quarter. Lazard Asset Management LLC now owns 159,061 shares of the company’s stock valued at $5,990,000 after buying an additional 73,964 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Chefs’ Warehouse by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,563 shares of the company’s stock worth $1,189,000 after acquiring an additional 1,223 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Chefs’ Warehouse by 11.8% in the second quarter. Victory Capital Management Inc. now owns 496,345 shares of the company’s stock worth $19,412,000 after purchasing an additional 52,246 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Chefs’ Warehouse by 178.3% during the second quarter. Assenagon Asset Management S.A. now owns 32,577 shares of the company’s stock valued at $1,274,000 after purchasing an additional 20,871 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Chefs’ Warehouse during the third quarter valued at approximately $986,000. 91.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on CHEF. BMO Capital Markets raised their price objective on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group lifted their price target 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.50.

Chefs’ Warehouse Stock Performance

Shares of CHEF opened at $40.99 on Wednesday. The Chefs’ Warehouse, Inc. has a 12 month low of $23.03 and a 12 month high of $44.58. The business’s fifty day simple moving average is $40.69 and its two-hundred day simple moving average is $39.42. 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 company has a market cap of $1.62 billion, a price-to-earnings ratio of 35.71 and a beta of 2.33.

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.