Wellington Management Group LLP Has $35.05 Million Stock Holdings in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Wellington Management Group LLP increased its holdings in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 3.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 834,386 shares of the company's stock after purchasing an additional 24,987 shares during the quarter. Wellington Management Group LLP owned 2.11% of Chefs' Warehouse worth $35,053,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. ORG Partners LLC acquired a new stake in shares of Chefs' Warehouse during the second quarter worth approximately $122,000. Assenagon Asset Management S.A. raised its position in Chefs' Warehouse by 178.3% in the second quarter. Assenagon Asset Management S.A. now owns 32,577 shares of the company's stock worth $1,274,000 after acquiring an additional 20,871 shares in the last quarter. Nisa Investment Advisors LLC raised its position in Chefs' Warehouse by 1,089.7% in the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company's stock worth $27,000 after acquiring an additional 632 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in Chefs' Warehouse by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company's stock worth $696,000 after buying an additional 300 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in Chefs' Warehouse by 2.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 270,208 shares of the company's stock worth $10,568,000 after buying an additional 5,612 shares during the period. Institutional investors and hedge funds own 91.55% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on CHEF shares. BMO Capital Markets boosted their price target on Chefs' Warehouse from $50.00 to $55.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Jefferies Financial Group boosted their price target on Chefs' Warehouse from $51.00 to $53.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Chefs' Warehouse has a consensus rating of "Moderate Buy" and an average price target of $50.50.

Insider Transactions at Chefs' Warehouse

In other news, General Counsel Alexandros Aldous sold 5,000 shares of the stock in a transaction on 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 in the company, valued at approximately $5,145,390. This represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 11.90% of the company's stock.

Chefs' Warehouse Stock Performance

Chefs' Warehouse stock traded down $0.70 during trading hours on Friday, reaching $48.02. 147,958 shares of the company were exchanged, compared to its average volume of 342,466. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of 42.74 and a beta of 2.33. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. The stock has a 50-day moving average of $42.51 and a 200 day moving average of $40.87. The Chefs' Warehouse, Inc. has a 12 month low of $27.64 and a 12 month high of $49.25.

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.