Fox Run Management L.L.C. Invests $1 Million in The Chefs’ Warehouse, Inc. $CHEF

Fox Run Management L.L.C. purchased a new stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 15,694 shares of the company’s stock, valued at approximately $1,001,000.

A number of other institutional investors have also recently added to or reduced their stakes in CHEF. Wellington Management Group LLP increased its stake in shares of Chefs’ Warehouse by 9.2% in the 1st 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 during the last quarter. Ameriprise Financial Inc. grew its holdings 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 valued at $112,914,000 after purchasing an additional 1,649,811 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of Chefs’ Warehouse in the first quarter valued at about $42,866,000. Jennison Associates LLC increased its position in Chefs’ Warehouse by 6.8% during the second quarter. Jennison Associates LLC now owns 752,208 shares of the company’s stock worth $47,998,000 after purchasing an additional 47,930 shares during the last quarter. Finally, Nuveen LLC purchased a new position in Chefs’ Warehouse during the first quarter worth about $26,263,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CHEF shares. Weiss Ratings downgraded shares of Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Morgan Stanley began coverage on Chefs’ Warehouse in a research report on Monday, October 27th. They issued an “overweight” rating and a $75.00 price objective for the company. Benchmark reissued a “buy” rating on shares of Chefs’ Warehouse in a research note on Thursday, October 23rd. Wall Street Zen lowered Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Finally, Zacks Research raised Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $71.88.

Insider Buying and Selling

In other Chefs’ Warehouse news, CFO James Leddy sold 22,000 shares of the business’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $62.11, for a total value of $1,366,420.00. Following the completion of the transaction, the chief financial officer owned 125,892 shares in the company, valued at $7,819,152.12. The trade was a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 11.90% of the stock is owned by corporate insiders.

Chefs’ Warehouse Stock Performance

NASDAQ CHEF opened at $62.36 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.14 and a quick ratio of 1.19. The company has a market cap of $2.54 billion, a P/E ratio of 36.68 and a beta of 1.73. The stock has a 50-day moving average of $60.71 and a two-hundred day moving average of $61.98. The Chefs’ Warehouse, Inc. has a 1-year low of $40.00 and a 1-year high of $68.94.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.43 by $0.07. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.36 million. Chefs’ Warehouse had a net margin of 1.85% and a return on equity of 14.11%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. Chefs’ Warehouse has set its FY 2025 guidance at EPS. As a group, analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current year.

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.