The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,313 shares of the company’s stock after selling 506 shares during the period. Amalgamated Bank’s holdings in Chefs’ Warehouse were worth $433,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Harbor Capital Advisors Inc. lifted its position in Chefs’ Warehouse by 33.9% in the third quarter. Harbor Capital Advisors Inc. now owns 126,232 shares of the company’s stock valued at $5,303,000 after acquiring an additional 31,968 shares during the last quarter. New York State Teachers Retirement System increased its position in shares of Chefs’ Warehouse by 1.6% during the third quarter. New York State Teachers Retirement System now owns 41,742 shares of the company’s stock worth $1,754,000 after purchasing an additional 640 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Chefs’ Warehouse in the 3rd quarter valued at about $5,290,000. ORG Wealth Partners LLC acquired a new stake in shares of Chefs’ Warehouse in the 3rd quarter valued at about $130,000. Finally, SG Americas Securities LLC purchased a new position in Chefs’ Warehouse during the 3rd quarter worth approximately $986,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Stock Down 1.1 %

CHEF opened at $40.99 on Friday. The Chefs’ Warehouse, Inc. has a 52 week low of $24.70 and a 52 week high of $44.58. The business has a 50 day moving average price of $40.69 and a two-hundred day moving average price of $39.93. 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 company has a market cap of $1.62 billion, a PE ratio of 35.96 and a beta of 2.33.

Analyst Upgrades and Downgrades

CHEF has been the subject of a number of research reports. BMO Capital Markets boosted their price objective on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group upped their price target on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Chefs’ Warehouse has an average rating of “Moderate Buy” and a consensus target price of $50.50.

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.