Harbor Capital Advisors Inc. Raises Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Harbor Capital Advisors Inc. boosted its holdings in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 33.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 126,232 shares of the company’s stock after buying an additional 31,968 shares during the period. Harbor Capital Advisors Inc.’s holdings in Chefs’ Warehouse were worth $5,303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CHEF. Advisors Preferred LLC bought a new stake in Chefs’ Warehouse during the first quarter worth about $4,071,000. Lazard Asset Management LLC lifted its position in Chefs’ Warehouse by 86.9% in the 1st quarter. Lazard Asset Management LLC now owns 159,061 shares of the company’s stock worth $5,990,000 after buying an additional 73,964 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in 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 buying an additional 59,637 shares in the last quarter. Victory Capital Management Inc. grew its position 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 last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Chefs’ Warehouse in the 2nd quarter worth approximately $1,586,000. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on CHEF shares. BMO Capital Markets increased their target price on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday. Jefferies Financial Group raised 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 given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $50.50.

Chefs’ Warehouse Stock Up 0.1 %

Shares of NASDAQ CHEF opened at $39.94 on Monday. The firm’s fifty day moving average is $40.70 and its 200 day moving average is $39.31. The Chefs’ Warehouse, Inc. has a 52 week low of $21.87 and a 52 week high of $44.58. The company has a quick ratio of 1.08, a current ratio of 1.85 and a debt-to-equity ratio of 1.39. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 35.04 and a beta of 2.33.

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.