Principal Financial Group Inc. Sells 11,613 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Principal Financial Group Inc. lowered its stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEFFree Report) by 5.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,866 shares of the company’s stock after selling 11,613 shares during the quarter. Principal Financial Group Inc. owned about 0.48% of Chefs’ Warehouse worth $4,000,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in shares of Chefs’ Warehouse by 0.5% in the 2nd quarter. BlackRock Inc. now owns 5,439,349 shares of the company’s stock valued at $194,511,000 after purchasing an additional 27,901 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Chefs’ Warehouse by 1.2% in the 3rd quarter. Alliancebernstein L.P. now owns 2,834,518 shares of the company’s stock valued at $82,116,000 after acquiring an additional 34,363 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Chefs’ Warehouse by 1.9% in the 3rd quarter. Vanguard Group Inc. now owns 2,532,775 shares of the company’s stock valued at $73,374,000 after acquiring an additional 48,272 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Chefs’ Warehouse by 0.7% in the 3rd quarter. Jennison Associates LLC now owns 1,399,498 shares of the company’s stock valued at $29,641,000 after acquiring an additional 10,036 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Chefs’ Warehouse by 2.8% in the 2nd quarter. State Street Corp now owns 1,242,570 shares of the company’s stock valued at $44,434,000 after acquiring an additional 33,422 shares during the last quarter. Institutional investors and hedge funds own 88.95% of the company’s stock.

Insider Buying and Selling

In related news, CAO Tim Mccauley sold 6,000 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $25.23, for a total transaction of $151,380.00. Following the completion of the transaction, the chief accounting officer now directly owns 63,242 shares of the company’s stock, valued at approximately $1,595,595.66. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 11.90% of the stock is owned by corporate insiders.

Chefs’ Warehouse Stock Down 1.7 %

Shares of NASDAQ:CHEF opened at $32.27 on Thursday. The firm has a market cap of $1.28 billion, a P/E ratio of 63.28 and a beta of 2.19. The company has a quick ratio of 1.17, a current ratio of 2.06 and a debt-to-equity ratio of 1.59. The Chefs’ Warehouse, Inc. has a 12-month low of $17.29 and a 12-month high of $39.49. The business has a fifty day simple moving average of $29.81 and a 200 day simple moving average of $27.13.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CHEF shares. Benchmark reiterated a “buy” rating and issued a $49.00 price target on shares of Chefs’ Warehouse in a research note on Friday, January 12th. BMO Capital Markets dropped their price target on Chefs’ Warehouse from $50.00 to $35.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd.

Get Our Latest Analysis on Chefs’ Warehouse

Chefs’ Warehouse Company Profile

(Free Report)

The Chefs' Warehouse, Inc, together with its subsidiaries, engages in distribution of specialty food products in the United States and Canada. The company's product portfolio includes approximately 55,000 stock-keeping units, such as specialty food products, including artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

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Institutional Ownership by Quarter for Chefs' Warehouse (NASDAQ:CHEF)

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