Aristotle Capital Boston LLC reduced its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Free Report) by 8.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 77,072 shares of the company’s stock after selling 7,389 shares during the quarter. Aristotle Capital Boston LLC’s holdings in Chefs’ Warehouse were worth $4,804,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. Hantz Financial Services Inc. boosted its stake in shares of Chefs’ Warehouse by 229.5% during the 4th quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $29,000 after acquiring an additional 319 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Chefs’ Warehouse by 515.3% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the company’s stock worth $31,000 after acquiring an additional 438 shares in the last quarter. Global Retirement Partners LLC bought a new stake in shares of Chefs’ Warehouse during the 4th quarter worth about $31,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Chefs’ Warehouse during the 3rd quarter worth about $39,000. Finally, 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 in the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CHEF has been the subject of several recent analyst reports. Weiss Ratings downgraded Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. Wall Street Zen downgraded Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note on Saturday, June 13th. Benchmark upped their price target on Chefs’ Warehouse from $84.00 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. BTIG Research upped their price target on Chefs’ Warehouse from $82.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. Finally, UBS Group decreased their price target on Chefs’ Warehouse from $83.00 to $80.00 and set a “buy” rating for the company in a research note on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Chefs’ Warehouse has a consensus rating of “Moderate Buy” and a consensus target price of $83.83.
Chefs’ Warehouse Price Performance
Shares of NASDAQ:CHEF opened at $92.37 on Thursday. The business has a 50 day moving average price of $75.68 and a 200 day moving average price of $67.66. The Chefs’ Warehouse, Inc. has a twelve month low of $53.20 and a twelve month high of $95.16. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 51.32 and a beta of 1.44. The company has a quick ratio of 1.33, a current ratio of 2.18 and a debt-to-equity ratio of 1.18.
Chefs’ Warehouse (NASDAQ:CHEF – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.17. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.01 billion. Chefs’ Warehouse had a net margin of 1.87% and a return on equity of 15.54%. Chefs’ Warehouse’s quarterly revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the company posted $0.25 earnings per share. Research analysts predict that The Chefs’ Warehouse, Inc. will post 2.37 earnings per share for the current year.
Insider Buying and Selling at Chefs’ Warehouse
In other news, insider Christina Polychroni sold 4,500 shares of the firm’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $79.21, for a total value of $356,445.00. Following the sale, the insider owned 24,642 shares in the company, valued at approximately $1,951,892.82. This trade represents a 15.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher Pappas sold 125,000 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $78.00, for a total transaction of $9,750,000.00. Following the completion of the sale, the chief executive officer owned 2,189,453 shares in the company, valued at approximately $170,777,334. The trade was a 5.40% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company 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.
Featured Stories
- Five stocks we like better than Chefs’ Warehouse
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Want to see what other hedge funds are holding CHEF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Free Report).
Receive News & Ratings for Chefs' Warehouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chefs' Warehouse and related companies with MarketBeat.com's FREE daily email newsletter.
