Jupiter Asset Management Ltd. Sells 38,853 Shares of The Chefs’ Warehouse, Inc. (CHEF)

Jupiter Asset Management Ltd. lowered its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 9.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 355,902 shares of the company’s stock after selling 38,853 shares during the period. Jupiter Asset Management Ltd.’s holdings in The Chefs’ Warehouse were worth $5,623,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. US Bancorp DE boosted its stake in The Chefs’ Warehouse by 6.1% in the third quarter. US Bancorp DE now owns 66,113 shares of the company’s stock valued at $736,000 after buying an additional 3,822 shares in the last quarter. Advisors Capital Management LLC boosted its stake in The Chefs’ Warehouse by 137.6% in the third quarter. Advisors Capital Management LLC now owns 180,535 shares of the company’s stock valued at $2,012,000 after buying an additional 104,538 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in The Chefs’ Warehouse by 17.9% in the third quarter. Neuberger Berman Group LLC now owns 48,896 shares of the company’s stock valued at $545,000 after buying an additional 7,410 shares in the last quarter. First Trust Advisors LP bought a new stake in The Chefs’ Warehouse during the third quarter valued at approximately $116,000. Finally, Wells Fargo & Company MN boosted its stake in The Chefs’ Warehouse by 5.7% in the third quarter. Wells Fargo & Company MN now owns 223,173 shares of the company’s stock valued at $2,486,000 after buying an additional 11,943 shares in the last quarter. Institutional investors and hedge funds own 74.33% of the company’s stock.

Institutional Ownership by Quarter for The Chefs` Warehouse (NASDAQ:CHEF)

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) traded down 1.48% during trading on Monday, reaching $16.65. 80,626 shares of the company traded hands. The stock has a market cap of $437.13 million, a P/E ratio of 792.86 and a beta of 1.31. The Chefs’ Warehouse, Inc. has a 12 month low of $10.31 and a 12 month high of $20.79. The stock’s 50 day moving average price is $15.96 and its 200-day moving average price is $13.34.

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Separately, Zacks Investment Research upgraded shares of The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Tuesday, December 20th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The Chefs’ Warehouse presently has a consensus rating of “Hold” and a consensus price target of $14.80.

About The Chefs’ Warehouse

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. It 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.

5 Day Chart for NASDAQ:CHEF

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