The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Stock Holdings Trimmed by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEFFree Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,609 shares of the company’s stock after selling 5,257 shares during the period. Principal Financial Group Inc. owned 0.46% of Chefs’ Warehouse worth $5,404,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of Chefs’ Warehouse by 39.4% during the 3rd quarter. Victory Capital Management Inc. now owns 18,158 shares of the company’s stock valued at $385,000 after acquiring an additional 5,133 shares during the last quarter. Illinois Municipal Retirement Fund purchased a new stake in shares of Chefs’ Warehouse in the third quarter valued at $451,000. Keybank National Association OH lifted its holdings in shares of Chefs’ Warehouse by 4.8% in the third quarter. Keybank National Association OH now owns 10,648 shares of the company’s stock valued at $226,000 after purchasing an additional 489 shares in the last quarter. Swiss National Bank raised its holdings in shares of Chefs’ Warehouse by 3.4% during the third quarter. Swiss National Bank now owns 78,300 shares of the company’s stock worth $1,658,000 after acquiring an additional 2,600 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Chefs’ Warehouse by 47.5% during the third quarter. First Eagle Investment Management LLC now owns 408,055 shares of the company’s stock worth $8,643,000 after acquiring an additional 131,479 shares in the last quarter. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CHEF has been the subject of several recent research reports. UBS Group increased their price objective on Chefs’ Warehouse from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Benchmark reiterated a “buy” rating and set a $50.00 price objective on shares of Chefs’ Warehouse in a report on Thursday, May 2nd. BMO Capital Markets increased their price objective on Chefs’ Warehouse from $35.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, StockNews.com upgraded Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd.

Get Our Latest Research Report on Chefs’ Warehouse

Chefs’ Warehouse Stock Down 2.5 %

Shares of CHEF opened at $38.27 on Thursday. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 43.99 and a beta of 2.22. The company has a quick ratio of 1.17, a current ratio of 1.92 and a debt-to-equity ratio of 1.49. The Chefs’ Warehouse, Inc. has a 12 month low of $17.29 and a 12 month high of $39.66. The company has a 50-day moving average price of $36.22 and a two-hundred day moving average price of $33.15.

Chefs’ Warehouse (NASDAQ:CHEFGet Free Report) last posted its earnings results on Wednesday, May 1st. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The company had revenue of $874.50 million during the quarter, compared to analysts’ expectations of $833.25 million. Chefs’ Warehouse had a net margin of 0.98% and a return on equity of 12.30%. Chefs’ Warehouse’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 earnings per share. Equities analysts predict that The Chefs’ Warehouse, Inc. will post 1.37 EPS for the current fiscal year.

Chefs’ Warehouse Profile

(Free Report)

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.

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

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