Wasatch Advisors LP Has $9.66 Million Stock Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Wasatch Advisors LP cut its position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 13.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 229,886 shares of the company's stock after selling 35,466 shares during the period. Wasatch Advisors LP owned 0.58% of Chefs' Warehouse worth $9,658,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 worth $1,189,000 after acquiring an additional 1,223 shares in the last quarter. GAMMA Investing LLC boosted its stake in Chefs' Warehouse by 39.6% in the second quarter. GAMMA Investing LLC now owns 909 shares of the company's stock worth $36,000 after purchasing an additional 258 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Chefs' Warehouse by 333.9% during the second quarter. Harbor Capital Advisors Inc. now owns 94,264 shares of the company's stock worth $3,687,000 after purchasing an additional 72,540 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of Chefs' Warehouse in the second quarter valued at $122,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of Chefs' Warehouse by 178.3% in the second quarter. Assenagon Asset Management S.A. now owns 32,577 shares of the company's stock valued at $1,274,000 after buying an additional 20,871 shares during the last quarter. 91.55% of the stock is owned by institutional investors.

Chefs' Warehouse Trading Up 0.3 %

Shares of NASDAQ:CHEF traded up $0.15 during midday trading on Friday, hitting $44.71. The company had a trading volume of 180,766 shares, compared to its average volume of 327,100. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 39.22 and a beta of 2.33. The Chefs' Warehouse, Inc. has a 12 month low of $26.73 and a 12 month high of $45.53. The firm has a fifty day simple moving average of $41.41 and a 200 day simple moving average of $40.35. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39.

Insiders Place Their Bets

In other news, General Counsel Alexandros Aldous sold 5,000 shares of the firm's stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the sale, the general counsel now owns 114,342 shares of the company's stock, valued at $5,145,390. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 11.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. 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 report on Wednesday, September 25th. BMO Capital Markets upped their target price on shares of Chefs' Warehouse from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Chefs' Warehouse currently has an average rating of "Moderate Buy" and a consensus target price of $50.50.

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.