B. Metzler seel. Sohn & Co. Holding AG Takes Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 31,159 shares of the company's stock, valued at approximately $1,309,000. B. Metzler seel. Sohn & Co. Holding AG owned about 0.08% of Chefs' Warehouse at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Lazard Asset Management LLC grew its stake in Chefs' Warehouse by 86.9% during the 1st quarter. Lazard Asset Management LLC now owns 159,061 shares of the company's stock worth $5,990,000 after buying an additional 73,964 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in Chefs' Warehouse by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,563 shares of the company's stock worth $1,189,000 after buying an additional 1,223 shares during the last quarter. Victory Capital Management Inc. grew its stake in Chefs' Warehouse by 11.8% during the 2nd quarter. Victory Capital Management Inc. now owns 496,345 shares of the company's stock worth $19,412,000 after buying an additional 52,246 shares during the last quarter. WCM Investment Management LLC bought a new position in Chefs' Warehouse during the 3rd quarter worth $7,680,000. Finally, Assenagon Asset Management S.A. grew its stake in Chefs' Warehouse by 178.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 32,577 shares of the company's stock worth $1,274,000 after buying an additional 20,871 shares during the last quarter. 91.55% of the stock is currently owned by institutional investors.

Chefs' Warehouse Stock Performance

CHEF stock traded up $0.88 during trading on Friday, reaching $44.74. 400,932 shares of the company's stock were exchanged, compared to its average volume of 348,634. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39. The firm has a market cap of $1.77 billion, a PE ratio of 39.25 and a beta of 2.33. The company's fifty day moving average price is $41.02 and its 200-day moving average price is $40.13. The Chefs' Warehouse, Inc. has a 1-year low of $26.23 and a 1-year high of $45.25.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. BMO Capital Markets boosted their price target on Chefs' Warehouse from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. Jefferies Financial Group boosted their price target on Chefs' Warehouse from $51.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and four 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 an average price target of $50.50.

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.