B. Metzler seel. Sohn & Co. AG Has $3.04 Million Stock Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

B. Metzler seel. Sohn & Co. AG raised its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 97.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,565 shares of the company's stock after buying an additional 30,406 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned 0.16% of Chefs' Warehouse worth $3,036,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Wellington Management Group LLP grew its holdings in shares of Chefs' Warehouse by 193.1% in the 4th quarter. Wellington Management Group LLP now owns 2,445,626 shares of the company's stock valued at $120,618,000 after buying an additional 1,611,240 shares during the period. Pictet Asset Management Holding SA acquired a new stake in shares of Chefs' Warehouse during the fourth quarter worth about $20,374,000. New Age Alpha Advisors LLC bought a new position in shares of Chefs' Warehouse during the 4th quarter valued at about $2,849,000. EntryPoint Capital LLC acquired a new position in shares of Chefs' Warehouse in the 4th quarter valued at approximately $336,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Chefs' Warehouse during the 4th quarter worth approximately $528,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Chefs' Warehouse Stock Down 3.6 %

Shares of Chefs' Warehouse stock traded down $1.86 on Friday, reaching $50.00. 698,688 shares of the company were exchanged, compared to its average volume of 377,638. The company has a market capitalization of $2.05 billion, a price-to-earnings ratio of 38.17 and a beta of 1.89. The company has a current ratio of 2.04, a quick ratio of 1.30 and a debt-to-equity ratio of 1.28. The Chefs' Warehouse, Inc. has a one year low of $31.96 and a one year high of $66.51. The company has a 50-day moving average of $56.96 and a 200 day moving average of $49.13.

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Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.04. Chefs' Warehouse had a net margin of 1.46% and a return on equity of 12.90%. On average, equities research analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current year.

Analyst Ratings Changes

CHEF has been the subject of several research reports. Jefferies Financial Group increased their price objective on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Lake Street Capital increased their target price on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. UBS Group boosted their price target on Chefs' Warehouse from $60.00 to $69.00 and gave the company a "buy" rating in a report on Thursday, February 13th. BMO Capital Markets increased their price objective on Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday, February 13th. Finally, Benchmark restated a "buy" rating and issued a $68.00 target price on shares of Chefs' Warehouse in a research note on Monday, March 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.60.

Chefs' Warehouse 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.