Principal Financial Group Inc. Buys 5,542 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Principal Financial Group Inc. raised its position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 183,622 shares of the company's stock after purchasing an additional 5,542 shares during the quarter. Principal Financial Group Inc. owned 0.46% of Chefs' Warehouse worth $9,056,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. GAMMA Investing LLC lifted its stake in Chefs' Warehouse by 24.6% in the 4th quarter. GAMMA Investing LLC now owns 1,202 shares of the company's stock worth $59,000 after acquiring an additional 237 shares in the last quarter. KBC Group NV lifted its position in shares of Chefs' Warehouse by 67.1% in the fourth quarter. KBC Group NV now owns 2,100 shares of the company's stock worth $104,000 after purchasing an additional 843 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Chefs' Warehouse during the third quarter worth approximately $225,000. FMR LLC grew its position in Chefs' Warehouse by 95.0% during the third quarter. FMR LLC now owns 5,890 shares of the company's stock valued at $247,000 after purchasing an additional 2,870 shares in the last quarter. Finally, Verdence Capital Advisors LLC lifted its position in Chefs' Warehouse by 7.6% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company's stock worth $284,000 after buying an additional 481 shares in the last quarter. Institutional investors and hedge funds own 91.55% of the company's stock.

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Chefs' Warehouse Price Performance

Shares of NASDAQ:CHEF traded up $0.28 during trading on Tuesday, reaching $62.33. The stock had a trading volume of 408,653 shares, compared to its average volume of 499,567. The stock has a market capitalization of $2.51 billion, a PE ratio of 47.61 and a beta of 2.29. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30. The Chefs' Warehouse, Inc. has a 52 week low of $31.96 and a 52 week high of $66.51. The business's 50-day moving average price is $55.36 and its 200 day moving average price is $46.90.

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

Insider Activity

In other news, CFO James Leddy sold 4,000 shares of Chefs' Warehouse stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $48.85, for a total value of $195,400.00. Following the completion of the sale, the chief financial officer now directly owns 145,589 shares of the company's stock, valued at approximately $7,112,022.65. This trade represents a 2.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on CHEF shares. UBS Group boosted their target price on shares of Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. BMO Capital Markets boosted their price target on Chefs' Warehouse from $60.00 to $73.00 and gave the company an "outperform" rating in a research note on Thursday, February 13th. Lake Street Capital raised their price objective on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Jefferies Financial Group lifted their price target on shares of Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research note on Wednesday, January 15th. Finally, Benchmark upped their target price on shares of Chefs' Warehouse from $55.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $67.60.

About Chefs' Warehouse

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.