Amalgamated Bank Cuts Stock Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Amalgamated Bank trimmed its position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 4.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,313 shares of the company’s stock after selling 506 shares during the quarter. Amalgamated Bank’s holdings in Chefs’ Warehouse were worth $433,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

CHEF has been the subject of a number of recent research reports. BMO Capital Markets lifted their target price on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Jefferies Financial Group lifted their price objective 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 assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $50.50.

Chefs’ Warehouse Stock Performance

Shares of CHEF stock opened at $40.99 on Friday. The company has a market cap of $1.62 billion, a P/E ratio of 35.96 and a beta of 2.33. The firm has a fifty day moving average price of $40.69 and a 200 day moving average price of $39.93. 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 12 month low of $24.70 and a 12 month high of $44.58.

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.