Principal Financial Group Inc. Purchases 2,218 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Principal Financial Group Inc. grew its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 1.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 178,080 shares of the company’s stock after acquiring an additional 2,218 shares during the period. Principal Financial Group Inc. owned 0.45% of Chefs’ Warehouse worth $7,481,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CHEF. Nisa Investment Advisors LLC grew its holdings in shares of Chefs’ Warehouse by 1,089.7% during the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 632 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Chefs’ Warehouse by 39.6% during the second quarter. GAMMA Investing LLC now owns 909 shares of the company’s stock worth $36,000 after purchasing an additional 258 shares in the last quarter. Quarry LP bought a new stake in shares of Chefs’ Warehouse during the second quarter valued at approximately $54,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Chefs’ Warehouse in the second quarter valued at approximately $55,000. Finally, ORG Partners LLC acquired a new position in Chefs’ Warehouse during the 2nd quarter worth $122,000. 91.55% of the stock is currently owned by institutional investors.

Chefs’ Warehouse Price Performance

Chefs’ Warehouse stock opened at $41.88 on Wednesday. The firm has a market capitalization of $1.66 billion, a P/E ratio of 36.74 and a beta of 2.33. The business has a 50-day moving average of $40.76 and a 200-day moving average of $40.02. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. The Chefs’ Warehouse, Inc. has a 1 year low of $24.70 and a 1 year high of $44.58.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. BMO Capital Markets upped their price target on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their price target on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.50.

Chefs’ Warehouse Company 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.