Stephens Investment Management Group LLC Has $10.49 Million Stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Stephens Investment Management Group LLC raised its position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,741 shares of the company’s stock after acquiring an additional 2,507 shares during the quarter. Stephens Investment Management Group LLC owned about 0.54% of Chefs’ Warehouse worth $10,492,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in shares of Chefs’ Warehouse by 24.6% during the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company’s stock valued at $59,000 after purchasing an additional 237 shares in the last quarter. KBC Group NV lifted its stake in Chefs’ Warehouse by 67.1% in the fourth quarter. KBC Group NV now owns 2,100 shares of the company’s stock valued at $104,000 after buying an additional 843 shares during the period. ORG Wealth Partners LLC bought a new position in shares of Chefs’ Warehouse during the 3rd quarter worth approximately $130,000. iSAM Funds UK Ltd acquired a new stake in shares of Chefs’ Warehouse during the 3rd quarter worth approximately $225,000. Finally, FMR LLC increased its stake in shares of Chefs’ Warehouse by 95.0% in the 3rd quarter. FMR LLC now owns 5,890 shares of the company’s stock valued at $247,000 after acquiring an additional 2,870 shares in the last quarter. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Jefferies Financial Group raised their price target on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. Lake Street Capital raised their target price on Chefs’ Warehouse from $48.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Finally, BMO Capital Markets upped their price target on Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.80.

Chefs’ Warehouse Stock Down 3.1 %

Shares of NASDAQ CHEF opened at $54.21 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06. The company has a 50-day moving average price of $50.64 and a 200-day moving average price of $44.23. The stock has a market capitalization of $2.14 billion, a P/E ratio of 47.55 and a beta of 2.29. The Chefs’ Warehouse, Inc. has a 1 year low of $31.96 and a 1 year high of $56.65.

Insider Activity at Chefs’ Warehouse

In other news, General Counsel Alexandros Aldous sold 5,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $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 SEC, which is available through this hyperlink. Also, CFO James Leddy sold 4,000 shares of Chefs’ Warehouse stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $48.85, for a total value of $195,400.00. Following the transaction, the chief financial officer now directly owns 145,589 shares in the company, valued at approximately $7,112,022.65. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. 11.90% 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.