B. Metzler seel. Sohn & Co. AG Invests $4.29 Million in The Chefs' Warehouse, Inc. $CHEF

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 44,597 shares of Chefs’ Warehouse worth approximately $4.29 million, while institutional investors and hedge funds collectively own 91.55% of the company.
• Chefs’ Warehouse reported quarterly EPS of $0.78, beating estimates of $0.59, while revenue reached $1.17 billion and rose 12.9% year over year.
• Analyst sentiment is favorable, with a “Moderate Buy” consensus and several firms raising price targets to $125; however, insiders sold $15.2 million worth of stock over the past three months.

B. Metzler seel. Sohn & Co. AG acquired a new position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 44,597 shares of the company's stock, valued at approximately $4,286,000. B. Metzler seel. Sohn & Co. AG owned approximately 0.11% of Chefs' Warehouse as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of CHEF. Hantz Financial Services Inc. boosted its holdings in shares of Chefs' Warehouse by 229.5% in the 4th quarter. Hantz Financial Services Inc. now owns 458 shares of the company's stock valued at $29,000 after buying an additional 319 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in shares of Chefs' Warehouse by 515.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the company's stock valued at $31,000 after buying an additional 438 shares during the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Chefs' Warehouse in the fourth quarter valued at approximately $31,000. Osaic Holdings Inc. boosted its stake in shares of Chefs' Warehouse by 30.7% during the 2nd quarter. Osaic Holdings Inc. now owns 800 shares of the company's stock worth $51,000 after acquiring an additional 188 shares during the period. Finally, Parallel Advisors LLC boosted its stake in shares of Chefs' Warehouse by 98.7% during the 1st quarter. Parallel Advisors LLC now owns 926 shares of the company's stock worth $55,000 after acquiring an additional 460 shares during the period. 91.55% of the stock is owned by institutional investors and hedge funds.

Chefs' Warehouse Stock Up 1.6%

Shares of NASDAQ CHEF opened at $110.61 on Friday. The company has a 50 day simple moving average of $100.92 and a 200 day simple moving average of $80.44. The firm has a market cap of $4.51 billion, a PE ratio of 52.67 and a beta of 1.39. The Chefs' Warehouse, Inc. has a 1 year low of $53.20 and a 1 year high of $117.33. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.15 and a quick ratio of 1.31.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.19. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.12 billion. Chefs' Warehouse had a return on equity of 16.95% and a net margin of 2.09%.The firm's revenue was up 12.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. On average, research analysts forecast that The Chefs' Warehouse, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on CHEF. BTIG Research raised their price target on Chefs' Warehouse from $100.00 to $125.00 and gave the company a "buy" rating in a report on Thursday, July 30th. Zacks Research upgraded shares of Chefs' Warehouse from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. UBS Group increased their price objective on shares of Chefs' Warehouse from $114.00 to $125.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. Morgan Stanley raised their target price on shares of Chefs' Warehouse from $97.00 to $104.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 30th. Finally, Benchmark lifted their target price on shares of Chefs' Warehouse from $106.00 to $125.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $107.43.

Insider Activity

In related news, General Counsel Alexandros Aldous sold 35,000 shares of the stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $110.97, for a total transaction of $3,883,950.00. Following the completion of the sale, the general counsel directly owned 34,442 shares of the company's stock, valued at approximately $3,822,028.74. This trade represents a 50.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Christina Polychroni sold 2,752 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $112.00, for a total value of $308,224.00. Following the sale, the insider directly owned 22,014 shares of the company's stock, valued at $2,465,568. The trade was a 11.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 137,752 shares of company stock valued at $15,203,174 over the last three months. Corporate insiders own 11.10% of the company's stock.

About Chefs' Warehouse

Chefs' Warehouse, Inc is a specialty food distributor that supplies a broad range of high‐end ingredients and culinary products to professional chefs, restaurants, hotels, and other foodservice operators. Headquartered in Maspeth, New York, the company sources its portfolio from local artisans, boutique producers and leading global suppliers. Its core offerings include fresh and frozen proteins, specialty cuts of meat and seafood, handcrafted cheeses and charcuterie, seasonal produce, value‐added preparations, pantry staples and premium desserts and beverages.

The company operates a network of distribution centers strategically located in major metropolitan markets across North America.

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