Stifel Financial Corp Sells 1,692 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Stifel Financial Corp trimmed its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 3.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,455 shares of the company’s stock after selling 1,692 shares during the period. Stifel Financial Corp owned 0.11% of Chefs’ Warehouse worth $1,826,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. WCM Investment Management LLC acquired a new stake in shares of Chefs’ Warehouse in the third quarter worth $7,680,000. Cubist Systematic Strategies LLC lifted its position in Chefs’ Warehouse by 584.7% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 49,437 shares of the company’s stock worth $1,933,000 after acquiring an additional 59,637 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Chefs’ Warehouse by 11.8% during the second quarter. Victory Capital Management Inc. now owns 496,345 shares of the company’s stock valued at $19,412,000 after acquiring an additional 52,246 shares during the period. Renaissance Technologies LLC bought a new stake in Chefs’ Warehouse during the second quarter valued at about $1,586,000. Finally, Repertoire Partners LP acquired a new stake in shares of Chefs’ Warehouse in the third quarter valued at about $1,461,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chefs’ Warehouse

In other news, General Counsel Alexandros Aldous sold 5,000 shares of Chefs’ Warehouse stock in a transaction 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 transaction, the general counsel now owns 114,342 shares in the company, valued at approximately $5,145,390. This trade represents a 4.19 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $48.85, for a total value of $195,400.00. Following the completion of the transaction, the chief financial officer now directly owns 145,589 shares in the company, valued at approximately $7,112,022.65. This represents a 2.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets increased their price objective on shares of 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 lifted their price target on shares of Chefs’ Warehouse from $53.00 to $58.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Lake Street Capital upped their price objective on shares of Chefs’ Warehouse from $48.00 to $60.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.40.

Chefs’ Warehouse Price Performance

CHEF opened at $48.34 on Friday. The stock has a market capitalization of $1.91 billion, a P/E ratio of 42.40 and a beta of 2.33. 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’s 50 day simple moving average is $43.42 and its 200-day simple moving average is $41.21. The Chefs’ Warehouse, Inc. has a one year low of $27.64 and a one year high of $49.78.

Chefs’ Warehouse 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.