Crestwood Advisors Group LLC Trims Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Crestwood Advisors Group LLC cut its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 44.7% in the third quarter, HoldingsChannel.com reports. The firm owned 10,470 shares of the company’s stock after selling 8,460 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Chefs’ Warehouse were worth $440,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHEF. Advisors Preferred LLC purchased a new stake in shares of Chefs’ Warehouse in the first quarter worth $4,071,000. Lazard Asset Management LLC increased 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 worth $5,990,000 after purchasing an additional 73,964 shares in the last quarter. Harbor Capital Advisors Inc. increased its stake in shares of Chefs’ Warehouse by 333.9% in the second quarter. Harbor Capital Advisors Inc. now owns 94,264 shares of the company’s stock worth $3,687,000 after purchasing an additional 72,540 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Chefs’ Warehouse by 584.7% in the second quarter. Cubist Systematic Strategies LLC now owns 49,437 shares of the company’s stock worth $1,933,000 after purchasing an additional 59,637 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake 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 in the last quarter. 91.55% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CHEF. BMO Capital Markets raised their target price 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 raised their target price on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $50.50.

Chefs’ Warehouse Stock Performance

Shares of NASDAQ:CHEF opened at $42.50 on Thursday. The Chefs’ Warehouse, Inc. has a 52 week low of $23.03 and a 52 week high of $44.58. The stock has a market capitalization of $1.68 billion, a P/E ratio of 35.96 and a beta of 2.33. The firm has a fifty day simple moving average of $40.68 and a two-hundred day simple moving average of $39.48. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39.

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.