Algert Global LLC Raises Stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Algert Global LLC increased its position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 30.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 84,142 shares of the company's stock after acquiring an additional 19,730 shares during the quarter. Algert Global LLC owned about 0.21% of Chefs' Warehouse worth $3,535,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Chefs' Warehouse by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 455,092 shares of the company's stock worth $19,118,000 after acquiring an additional 3,739 shares in the last quarter. Intech Investment Management LLC purchased a new position in shares of Chefs' Warehouse during the third quarter worth approximately $374,000. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Chefs' Warehouse during the third quarter worth approximately $1,309,000. Natixis Advisors LLC raised its stake in shares of Chefs' Warehouse by 23.0% during the third quarter. Natixis Advisors LLC now owns 37,756 shares of the company's stock worth $1,586,000 after acquiring an additional 7,068 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Chefs' Warehouse by 1.2% during the third quarter. Victory Capital Management Inc. now owns 502,415 shares of the company's stock worth $21,106,000 after acquiring an additional 6,070 shares in the last quarter. 91.55% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CHEF has been the topic of several research reports. BMO Capital Markets lifted their price target on shares of Chefs' Warehouse from $50.00 to $55.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Jefferies Financial Group boosted their price objective 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $50.50.

Chefs' Warehouse Stock Performance

NASDAQ CHEF traded up $0.05 on Tuesday, reaching $45.00. 381,532 shares of the stock were exchanged, compared to its average volume of 337,982. The Chefs' Warehouse, Inc. has a one year low of $26.23 and a one year high of $45.53. The firm has a market capitalization of $1.78 billion, a PE ratio of 39.47 and a beta of 2.33. The company's 50-day simple moving average is $41.10 and its two-hundred day simple moving average is $40.19. 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 related news, General Counsel Alexandros Aldous sold 5,000 shares of Chefs' Warehouse stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the completion of the sale, the general counsel now directly owns 114,342 shares in the company, valued at $5,145,390. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.90% of the stock is owned by insiders.

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.