Jennison Associates LLC Sells 37,224 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Jennison Associates LLC trimmed its holdings in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 4.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 729,646 shares of the company’s stock after selling 37,224 shares during the period. Jennison Associates LLC owned 1.84% of Chefs’ Warehouse worth $30,652,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in Chefs’ Warehouse by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,289,696 shares of the company’s stock worth $50,440,000 after acquiring an additional 14,209 shares during the period. Silvercrest Asset Management Group LLC increased its holdings in Chefs’ Warehouse by 0.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 553,791 shares of the company’s stock valued at $20,856,000 after purchasing an additional 2,454 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Chefs’ Warehouse by 1.2% in the third quarter. Victory Capital Management Inc. now owns 502,415 shares of the company’s stock valued at $21,106,000 after buying an additional 6,070 shares during the period. Bank of New York Mellon Corp boosted its holdings in Chefs’ Warehouse by 2.1% during the second quarter. Bank of New York Mellon Corp now owns 270,208 shares of the company’s stock worth $10,568,000 after buying an additional 5,612 shares during the last quarter. Finally, WCM Investment Management LLC acquired a new position in shares of Chefs’ Warehouse during the 3rd quarter worth about $7,680,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group increased their price target on shares of 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 lifted their price target on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Chefs’ Warehouse currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.

Chefs’ Warehouse Stock Down 0.2 %

Chefs’ Warehouse stock opened at $43.86 on Friday. The company has a 50 day moving average of $40.93 and a 200-day moving average of $40.07. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39. The Chefs’ Warehouse, Inc. has a twelve month low of $26.23 and a twelve month high of $44.58. The stock has a market capitalization of $1.74 billion, a PE ratio of 38.47 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.