Victory Capital Management Inc. Buys 6,070 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Victory Capital Management Inc. boosted its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 502,415 shares of the company’s stock after purchasing an additional 6,070 shares during the period. Victory Capital Management Inc.’s holdings in Chefs’ Warehouse were worth $21,106,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Lazard Asset Management LLC lifted its stake in Chefs’ Warehouse by 86.9% in the 1st quarter. Lazard Asset Management LLC now owns 159,061 shares of the company’s stock valued at $5,990,000 after purchasing an additional 73,964 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Chefs’ Warehouse by 4.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,563 shares of the company’s stock valued at $1,189,000 after purchasing an additional 1,223 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Chefs’ Warehouse by 178.3% in the 2nd 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 during the last quarter. WCM Investment Management LLC bought a new position in shares of Chefs’ Warehouse during the third quarter valued at $7,680,000. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Chefs’ Warehouse by 33.9% during 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. Institutional investors own 91.55% of the company’s stock.

Analyst Ratings Changes

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

Chefs’ Warehouse Price Performance

Shares of NASDAQ CHEF opened at $40.64 on Tuesday. The Chefs’ Warehouse, Inc. has a twelve month low of $24.70 and a twelve month high of $44.58. The firm has a fifty day simple moving average of $40.71 and a 200 day simple moving average of $39.99. The company has a market capitalization of $1.61 billion, a PE ratio of 35.65 and a beta of 2.33. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39.

Chefs’ Warehouse Company 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.