Natixis Advisors LLC Acquires 7,068 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Natixis Advisors LLC increased its stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 23.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,756 shares of the company’s stock after buying an additional 7,068 shares during the period. Natixis Advisors LLC owned 0.10% of Chefs’ Warehouse worth $1,586,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its stake in shares of Chefs’ Warehouse by 1,089.7% during the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock valued at $27,000 after purchasing an additional 632 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Chefs’ Warehouse by 39.6% in the 2nd quarter. GAMMA Investing LLC now owns 909 shares of the company’s stock valued at $36,000 after buying an additional 258 shares during the period. Quarry LP bought a new stake in shares of Chefs’ Warehouse during the second quarter worth $54,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Chefs’ Warehouse during the second quarter valued at $55,000. Finally, ORG Partners LLC acquired a new stake in Chefs’ Warehouse in the second quarter worth about $122,000. Institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Trading Up 0.5 %

NASDAQ:CHEF opened at $44.95 on Tuesday. 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 Chefs’ Warehouse, Inc. has a 1-year low of $26.23 and a 1-year high of $45.53. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 39.43 and a beta of 2.33. The business’s 50-day moving average price is $41.10 and its two-hundred day moving average price is $40.19.

Insider Activity

In related news, General Counsel Alexandros Aldous sold 5,000 shares of the business’s 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 transaction, the general counsel now directly owns 114,342 shares in the company, valued at approximately $5,145,390. The trade was a 4.19 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 12.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CHEF. Jefferies Financial Group boosted their price objective on 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 boosted 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 equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

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.