WCM Investment Management LLC Takes Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

WCM Investment Management LLC purchased a new position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 183,733 shares of the company's stock, valued at approximately $7,680,000. WCM Investment Management LLC owned approximately 0.46% of Chefs' Warehouse as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the business. Lazard Asset Management LLC boosted its holdings in Chefs' Warehouse by 86.9% in the first quarter. Lazard Asset Management LLC now owns 159,061 shares of the company's stock worth $5,990,000 after acquiring an additional 73,964 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Chefs' Warehouse by 333.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 94,264 shares of the company's stock valued at $3,687,000 after purchasing an additional 72,540 shares during the period. Cubist Systematic Strategies LLC boosted its position in shares of Chefs' Warehouse by 584.7% in the second quarter. Cubist Systematic Strategies LLC now owns 49,437 shares of the company's stock valued at $1,933,000 after acquiring an additional 59,637 shares during the period. Victory Capital Management Inc. grew its position in shares of Chefs' Warehouse by 11.8% during the 2nd quarter. Victory Capital Management Inc. now owns 496,345 shares of the company's stock valued at $19,412,000 after purchasing an additional 52,246 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Chefs' Warehouse during the second quarter worth about $1,586,000. Institutional investors and hedge funds own 91.55% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CHEF shares. Jefferies Financial Group upped their price objective 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 increased 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Chefs' Warehouse presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.50.

Chefs' Warehouse Trading Down 2.0 %

CHEF traded down $0.86 during trading hours on Tuesday, reaching $42.10. 214,857 shares of the company's stock traded hands, compared to its average volume of 337,818. The firm has a market capitalization of $1.67 billion, a PE ratio of 37.49 and a beta of 2.33. The Chefs' Warehouse, Inc. has a 52-week low of $23.49 and a 52-week high of $44.58. The firm has a 50-day moving average price of $40.69 and a 200 day moving average price of $39.75. 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.