Principal Financial Group Inc. Has $6.93 Million Position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Principal Financial Group Inc. lifted its stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 0.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 183,972 shares of the company’s stock after acquiring an additional 363 shares during the period. Principal Financial Group Inc. owned 0.46% of Chefs’ Warehouse worth $6,928,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Verdence Capital Advisors LLC acquired a new position in Chefs’ Warehouse during the first quarter worth $232,000. Everence Capital Management Inc. acquired a new position in Chefs’ Warehouse during the fourth quarter worth $245,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Chefs’ Warehouse by 19.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,358 shares of the company’s stock worth $246,000 after buying an additional 1,374 shares during the last quarter. Mesirow Financial Investment Management Inc. raised its holdings in Chefs’ Warehouse by 14.0% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 11,998 shares of the company’s stock worth $354,000 after buying an additional 1,473 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in Chefs’ Warehouse by 4.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,141 shares of the company’s stock worth $475,000 after buying an additional 671 shares during the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CHEF shares. StockNews.com upgraded shares of Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Benchmark restated a “buy” rating and set a $50.00 price objective on shares of Chefs’ Warehouse in a report on Thursday, May 2nd.

Chefs’ Warehouse Stock Up 0.2 %

Shares of CHEF stock traded up $0.08 on Friday, hitting $40.95. The stock had a trading volume of 41,700 shares, compared to its average volume of 329,982. The business has a 50 day moving average of $38.42 and a 200 day moving average of $35.29. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 46.98 and a beta of 2.30. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.92 and a quick ratio of 1.17. The Chefs’ Warehouse, Inc. has a 12-month low of $17.29 and a 12-month high of $41.30.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, May 1st. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.07 by $0.08. The company had revenue of $874.50 million during the quarter, compared to the consensus estimate of $833.25 million. Chefs’ Warehouse had a net margin of 0.98% and a return on equity of 12.30%. The firm’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. As a group, analysts expect that The Chefs’ Warehouse, Inc. will post 1.37 EPS for the current year.

Insider Activity at Chefs’ Warehouse

In related news, General Counsel Alexandros Aldous sold 2,191 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $40.00, for a total transaction of $87,640.00. Following the completion of the transaction, the general counsel now owns 136,477 shares in the company, valued at $5,459,080. The transaction was disclosed in a document filed with the SEC, which is available through this link. 12.90% of the stock is owned by company insiders.

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.