Macquarie Group Ltd. Invests $365,000 in Chefs' Warehouse Inc (CHEF)
Macquarie Group Ltd. bought a new stake in shares of Chefs' Warehouse Inc (NASDAQ:CHEF) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 18,900 shares of the company’s stock, valued at approximately $365,000. Macquarie Group Ltd. owned about 0.07% of Chefs' Warehouse at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of CHEF. Alliancebernstein L.P. grew its holdings in shares of Chefs' Warehouse by 30.1% during the second quarter. Alliancebernstein L.P. now owns 1,860,303 shares of the company’s stock valued at $24,184,000 after purchasing an additional 430,943 shares during the last quarter. Boston Partners bought a new position in shares of Chefs' Warehouse during the third quarter valued at approximately $7,095,000. Russell Investments Group Ltd. bought a new position in shares of Chefs' Warehouse during the third quarter valued at approximately $3,124,000. Dimensional Fund Advisors LP grew its holdings in shares of Chefs' Warehouse by 18.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,008,855 shares of the company’s stock valued at $13,115,000 after purchasing an additional 158,345 shares during the last quarter. Finally, Foundry Partners LLC bought a new position in shares of Chefs' Warehouse during the third quarter valued at approximately $2,650,000. 78.18% of the stock is owned by institutional investors.
Chefs' Warehouse Inc (CHEF) opened at $20.25 on Friday. The company has a current ratio of 2.26, a quick ratio of 1.31 and a debt-to-equity ratio of 1.54. The stock has a market capitalization of $531.24, a P/E ratio of 52.63, a PEG ratio of 2.54 and a beta of 1.09. Chefs' Warehouse Inc has a 52-week low of $11.85 and a 52-week high of $21.90.
Several equities analysts have recently commented on CHEF shares. Zacks Investment Research lowered Chefs' Warehouse from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 25th. Canaccord Genuity reaffirmed a “buy” rating and set a $22.00 target price on shares of Chefs' Warehouse in a report on Thursday, November 9th. TheStreet raised Chefs' Warehouse from a “c+” rating to a “b-” rating in a report on Monday, October 2nd. Jefferies Group set a $20.00 target price on Chefs' Warehouse and gave the company a “buy” rating in a report on Friday, August 25th. Finally, Loop Capital upped their target price on Chefs' Warehouse from $21.00 to $22.00 and gave the company a “buy” rating in a report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $19.67.
Chefs' Warehouse Profile
The Chefs’ Warehouse, Inc is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada.
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