Captrust Financial Advisors Reduces Stock Holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Captrust Financial Advisors decreased its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 28.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,045 shares of the company’s stock after selling 2,040 shares during the quarter. Captrust Financial Advisors’ holdings in Chefs’ Warehouse were worth $212,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System raised its position in shares of Chefs’ Warehouse by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock valued at $696,000 after purchasing an additional 300 shares in the last quarter. Verdence Capital Advisors LLC raised its position in shares of Chefs’ Warehouse by 7.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company’s stock valued at $284,000 after acquiring an additional 481 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Chefs’ Warehouse by 1,089.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock valued at $27,000 after acquiring an additional 632 shares in the last quarter. New York State Teachers Retirement System raised its position in shares of Chefs’ Warehouse by 1.6% during the 3rd quarter. New York State Teachers Retirement System now owns 41,742 shares of the company’s stock valued at $1,754,000 after acquiring an additional 640 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of Chefs’ Warehouse during the 2nd quarter valued at approximately $54,000. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, General Counsel Alexandros Aldous sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the transaction, the general counsel now owns 114,342 shares of the company’s stock, valued at $5,145,390. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO James Leddy sold 4,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $7,112,022.65. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. BMO Capital Markets upped their price target on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group upped their price target on 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Chefs’ Warehouse Price Performance

Shares of NASDAQ CHEF opened at $48.75 on Monday. The Chefs’ Warehouse, Inc. has a 1-year low of $27.64 and a 1-year high of $49.25. 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 business’s fifty day moving average price is $42.68 and its two-hundred day moving average price is $40.97. The firm has a market capitalization of $1.93 billion, a PE ratio of 42.76 and a beta of 2.33.

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.