Victory Capital Management Inc. Has $21.11 Million Stock Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Victory Capital Management Inc. boosted its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 1.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 502,415 shares of the company’s stock after buying an additional 6,070 shares during the period. Victory Capital Management Inc. owned approximately 1.27% of Chefs’ Warehouse worth $21,106,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Nisa Investment Advisors LLC grew its position in shares of Chefs’ Warehouse by 1,089.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 632 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Chefs’ Warehouse by 39.6% during the 2nd quarter. GAMMA Investing LLC now owns 909 shares of the company’s stock worth $36,000 after purchasing an additional 258 shares in the last quarter. Quarry LP acquired a new position in shares of Chefs’ Warehouse during the 2nd quarter worth approximately $54,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Chefs’ Warehouse during the 2nd quarter worth approximately $55,000. Finally, ORG Partners LLC acquired a new position in shares of Chefs’ Warehouse during the 2nd quarter worth approximately $122,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Stock Performance

NASDAQ CHEF opened at $40.64 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 35.65 and a beta of 2.33. The firm’s 50 day simple moving average is $40.71 and its 200 day simple moving average is $39.99. The Chefs’ Warehouse, Inc. has a 1 year low of $24.70 and a 1 year high of $44.58.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CHEF shares. BMO Capital Markets increased their target price 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. Jefferies Financial Group increased their price target on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a research report 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 company’s stock. According to data from MarketBeat.com, Chefs’ Warehouse has an average rating of “Moderate Buy” and a consensus price target of $50.50.

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.