Mutual of America Capital Management LLC Reduces Stock Holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Mutual of America Capital Management LLC reduced its holdings in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,212 shares of the company’s stock after selling 606 shares during the period. Mutual of America Capital Management LLC’s holdings in Chefs’ Warehouse were worth $219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD increased its holdings in shares of Chefs’ Warehouse by 4.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 31,563 shares of the company’s stock valued at $1,189,000 after acquiring an additional 1,223 shares in the last quarter. Victory Capital Management Inc. grew its position in Chefs’ Warehouse by 11.8% during the 2nd quarter. Victory Capital Management Inc. now owns 496,345 shares of the company’s stock worth $19,412,000 after purchasing an additional 52,246 shares during the last quarter. WCM Investment Management LLC acquired a new position in Chefs’ Warehouse during the 3rd quarter valued at approximately $7,680,000. Assenagon Asset Management S.A. raised its holdings in shares of Chefs’ Warehouse by 178.3% in the second quarter. Assenagon Asset Management S.A. now owns 32,577 shares of the company’s stock worth $1,274,000 after buying an additional 20,871 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Chefs’ Warehouse by 33.9% during the third quarter. Harbor Capital Advisors Inc. now owns 126,232 shares of the company’s stock worth $5,303,000 after buying an additional 31,968 shares during the period. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Chefs’ Warehouse

In related news, General Counsel Alexandros Aldous sold 5,000 shares of Chefs’ Warehouse stock in a transaction that occurred on 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 directly owns 114,342 shares in the company, valued at approximately $5,145,390. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 11.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group upped their target price on Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. BMO Capital Markets boosted their price target on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. 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 Stock Up 0.3 %

NASDAQ:CHEF opened at $44.71 on Friday. 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 fifty day moving average price is $41.33 and its 200-day moving average price is $40.30. The Chefs’ Warehouse, Inc. has a 1-year low of $26.73 and a 1-year high of $45.53. The firm has a market capitalization of $1.77 billion, a P/E ratio of 39.09 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.