The Chefs’ Warehouse, Inc. $CHEF Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 7.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,138 shares of the company’s stock after acquiring an additional 3,125 shares during the period. New York State Teachers Retirement System’s holdings in Chefs’ Warehouse were worth $3,008,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CHEF. Ameriprise Financial Inc. increased its position in shares of Chefs’ Warehouse by 389.5% in the first quarter. Ameriprise Financial Inc. now owns 2,073,339 shares of the company’s stock worth $112,914,000 after acquiring an additional 1,649,811 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Chefs’ Warehouse in the first quarter worth $42,866,000. Nuveen LLC acquired a new stake in shares of Chefs’ Warehouse in the first quarter worth $26,263,000. Select Equity Group L.P. increased its position in shares of Chefs’ Warehouse by 524.7% in the first quarter. Select Equity Group L.P. now owns 452,843 shares of the company’s stock worth $24,662,000 after acquiring an additional 380,356 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Chefs’ Warehouse by 9.2% in the first quarter. Wellington Management Group LLP now owns 2,669,580 shares of the company’s stock worth $145,385,000 after acquiring an additional 223,954 shares in the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CHEF. Benchmark increased their price objective on shares of Chefs’ Warehouse from $68.00 to $79.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Piper Sandler started coverage on shares of Chefs’ Warehouse in a research report on Wednesday, August 27th. They issued a “neutral” rating and a $66.00 price objective for the company. Wall Street Zen lowered shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. Weiss Ratings lowered shares of Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Finally, Zacks Research lowered shares of Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $70.29.

Chefs’ Warehouse Price Performance

CHEF opened at $59.62 on Wednesday. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of 37.26 and a beta of 1.75. The company has a current ratio of 2.01, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The Chefs’ Warehouse, Inc. has a twelve month low of $38.65 and a twelve month high of $68.94. The company has a fifty day simple moving average of $61.25 and a 200 day simple moving average of $61.17.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. Chefs’ Warehouse had a net margin of 1.76% and a return on equity of 13.60%. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. Chefs’ Warehouse has set its FY 2025 guidance at EPS. Equities research analysts expect that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

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.