Harbor Capital Advisors Inc. Increases Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Harbor Capital Advisors Inc. boosted its holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 33.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,232 shares of the company's stock after buying an additional 31,968 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.32% of Chefs' Warehouse worth $5,303,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CHEF. New York State Teachers Retirement System lifted its holdings in Chefs' Warehouse by 1.6% during the 3rd quarter. New York State Teachers Retirement System now owns 41,742 shares of the company's stock worth $1,754,000 after buying an additional 640 shares during the period. International Assets Investment Management LLC acquired a new stake in Chefs' Warehouse during the third quarter worth approximately $5,290,000. ORG Wealth Partners LLC bought a new stake in Chefs' Warehouse in the third quarter worth approximately $130,000. SG Americas Securities LLC acquired a new position in Chefs' Warehouse in the third quarter valued at approximately $986,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Chefs' Warehouse during the 2nd quarter worth approximately $55,000. 91.55% of the stock is owned by institutional investors.

Chefs' Warehouse Stock Up 0.1 %

CHEF stock traded up $0.05 during midday trading on Monday, reaching $39.99. 231,184 shares of the company's stock traded hands, compared to its average volume of 338,348. The Chefs' Warehouse, Inc. has a 52 week low of $23.03 and a 52 week high of $44.58. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 35.08 and a beta of 2.33. The firm's fifty day moving average price is $40.70 and its 200-day moving average price is $39.36. The company has a quick ratio of 1.08, a current ratio of 1.85 and a debt-to-equity ratio of 1.39.

Analyst Ratings Changes

CHEF has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Chefs' Warehouse from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday. Jefferies Financial Group increased their price objective on shares of Chefs' Warehouse from $51.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Chefs' Warehouse has a consensus rating of "Moderate Buy" and a consensus 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.