Deutsche Bank AG Raises Position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF)

Deutsche Bank AG lifted its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 19.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 58,422 shares of the company's stock after acquiring an additional 9,691 shares during the quarter. Deutsche Bank AG owned approximately 0.15% of Chefs' Warehouse worth $2,881,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. KBC Group NV increased its holdings in Chefs' Warehouse by 67.1% during the fourth quarter. KBC Group NV now owns 2,100 shares of the company's stock worth $104,000 after buying an additional 843 shares during the last quarter. WCM Investment Management LLC lifted its stake in Chefs' Warehouse by 92.9% in the fourth quarter. WCM Investment Management LLC now owns 354,333 shares of the company's stock valued at $17,362,000 after acquiring an additional 170,600 shares during the last quarter. Stephens Investment Management Group LLC grew its position in shares of Chefs' Warehouse by 1.2% in the 4th quarter. Stephens Investment Management Group LLC now owns 212,741 shares of the company's stock valued at $10,492,000 after acquiring an additional 2,507 shares during the period. Principal Financial Group Inc. grew its position in shares of Chefs' Warehouse by 3.1% in the 4th quarter. Principal Financial Group Inc. now owns 183,622 shares of the company's stock valued at $9,056,000 after acquiring an additional 5,542 shares during the period. Finally, TimesSquare Capital Management LLC acquired a new position in shares of Chefs' Warehouse during the 4th quarter worth about $19,493,000. Institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Trading Up 2.3%

Shares of CHEF traded up $1.40 during trading hours on Tuesday, hitting $63.53. 376,403 shares of the stock were exchanged, compared to its average volume of 405,441. The Chefs' Warehouse, Inc. has a fifty-two week low of $35.59 and a fifty-two week high of $66.51. The business has a 50-day moving average of $56.57 and a 200-day moving average of $53.62. The firm has a market capitalization of $2.58 billion, a P/E ratio of 48.50 and a beta of 1.76. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.04 and a quick ratio of 1.30.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.04. Chefs' Warehouse had a net margin of 1.46% and a return on equity of 12.90%. The company had revenue of $950.75 million for the quarter, compared to the consensus estimate of $927.34 million. During the same quarter in the previous year, the company earned $0.15 EPS. Chefs' Warehouse's quarterly revenue was up 8.7% compared to the same quarter last year. On average, research analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CHEF. BTIG Research reissued a "buy" rating on shares of Chefs' Warehouse in a research report on Friday. Lake Street Capital raised their price target on Chefs' Warehouse from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Benchmark reissued a "buy" rating and issued a $68.00 target price on shares of Chefs' Warehouse in a report on Monday, March 17th. UBS Group boosted their target price on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets increased their price target on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a research report on Thursday, February 13th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $67.40.

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.