WCM Investment Management LLC Buys New Stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

WCM Investment Management LLC purchased a new position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 183,733 shares of the company’s stock, valued at approximately $7,680,000. WCM Investment Management LLC owned 0.46% of Chefs’ Warehouse as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of CHEF. Verdence Capital Advisors LLC increased its stake in Chefs’ Warehouse by 7.6% during the third quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company’s stock worth $284,000 after purchasing an additional 481 shares during the period. Principal Financial Group Inc. increased its stake in Chefs’ Warehouse by 1.3% during the 3rd quarter. Principal Financial Group Inc. now owns 178,080 shares of the company’s stock worth $7,481,000 after buying an additional 2,218 shares during the period. Harbor Capital Advisors Inc. boosted its position in Chefs’ Warehouse by 33.9% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 126,232 shares of the company’s stock valued at $5,303,000 after buying an additional 31,968 shares during the period. New York State Teachers Retirement System grew its stake in shares of Chefs’ Warehouse by 1.6% in the third quarter. New York State Teachers Retirement System now owns 41,742 shares of the company’s stock worth $1,754,000 after acquiring an additional 640 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Chefs’ Warehouse during the third quarter worth $5,290,000. 91.55% of the stock is owned by institutional investors and hedge funds.

Chefs’ Warehouse Stock Up 1.5 %

Shares of NASDAQ:CHEF opened at $42.96 on Tuesday. The firm has a 50 day simple moving average of $40.69 and a 200-day simple moving average of $39.75. The Chefs’ Warehouse, Inc. has a twelve month low of $23.49 and a twelve month high of $44.58. 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 company has a market capitalization of $1.70 billion, a PE ratio of 37.68 and a beta of 2.33.

Wall Street Analysts Forecast Growth

CHEF has been the topic of several recent research reports. BMO Capital Markets upped their price target on Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Jefferies Financial Group boosted their price target on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.50.

About Chefs’ Warehouse

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.