BNP Paribas Financial Markets Has $809,000 Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

BNP Paribas Financial Markets reduced its stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 99.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,267 shares of the company's stock after selling 12,468,929 shares during the period. BNP Paribas Financial Markets' holdings in Chefs' Warehouse were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CHEF. Nisa Investment Advisors LLC lifted its stake in Chefs' Warehouse by 1,089.7% in the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company's stock valued at $27,000 after acquiring an additional 632 shares during the last quarter. Quarry LP bought a new position in shares of Chefs' Warehouse during the 2nd quarter valued at $54,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Chefs' Warehouse during the 2nd quarter valued at $55,000. ORG Partners LLC acquired a new stake in shares of Chefs' Warehouse in the 2nd quarter valued at $122,000. Finally, ORG Wealth Partners LLC bought a new stake in Chefs' Warehouse in the third quarter worth $130,000. 91.55% of the stock is owned by institutional investors and hedge funds.

Chefs' Warehouse Stock Performance

Shares of Chefs' Warehouse stock traded up $0.06 during trading on Thursday, reaching $48.72. The company's stock had a trading volume of 433,473 shares, compared to its average volume of 343,286. The Chefs' Warehouse, Inc. has a one year low of $27.48 and a one year high of $49.25. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.85. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 42.68 and a beta of 2.33. The business's fifty day moving average price is $42.33 and its 200-day moving average price is $40.81.

Insider Buying and Selling at Chefs' Warehouse

In other Chefs' Warehouse news, General Counsel Alexandros Aldous sold 5,000 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the sale, the general counsel now directly owns 114,342 shares in the company, valued at $5,145,390. This trade represents a 4.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 12.90% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CHEF shares. Jefferies Financial Group raised their target price on Chefs' Warehouse from $51.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. BMO Capital Markets boosted their target price on Chefs' Warehouse from $50.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.