Jennison Associates LLC Sells 89,592 Shares of The Chefs’ Warehouse, Inc. $CHEF

Posted by Brian Himes on Jul 21st, 2026

Jennison Associates LLC cut its position in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Free Report) by 12.8% during the first quarter, Holdings Channel reports. The institutional investor owned 612,536 shares of the company’s stock after selling 89,592 shares during the quarter. Jennison Associates LLC’s holdings in Chefs’ Warehouse were worth $36,415,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new position in Chefs’ Warehouse in the 1st quarter valued at approximately $352,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Chefs’ Warehouse by 6.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,152 shares of the company’s stock worth $1,152,000 after purchasing an additional 1,247 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Chefs’ Warehouse by 50.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 130,382 shares of the company’s stock valued at $7,101,000 after purchasing an additional 43,593 shares during the period. Strs Ohio bought a new stake in shares of Chefs’ Warehouse during the first quarter valued at approximately $98,000. Finally, Marshall Wace LLP acquired a new position in shares of Chefs’ Warehouse in the second quarter valued at $243,000. 91.55% of the stock is currently owned by institutional investors.

Chefs’ Warehouse Trading Down 1.5%

Shares of Chefs’ Warehouse stock opened at $95.58 on Tuesday. The Chefs’ Warehouse, Inc. has a 12-month low of $53.20 and a 12-month high of $102.87. The stock has a market capitalization of $3.90 billion, a P/E ratio of 53.10 and a beta of 1.39. The company has a 50-day simple moving average of $88.18 and a 200 day simple moving average of $73.17. 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 released its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.17. The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.01 billion. Chefs’ Warehouse had a net margin of 1.87% and a return on equity of 15.54%. The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.25 earnings per share. Research analysts expect that The Chefs’ Warehouse, Inc. will post 2.31 earnings per share for the current fiscal year.

Insider Activity at Chefs’ Warehouse

In related news, 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 directly owned 2,189,453 shares of the company’s stock, valued at $170,777,334. This trade represents a 5.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Christina Polychroni sold 4,500 shares of Chefs’ Warehouse 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 completion of the transaction, the insider owned 24,642 shares of the company’s stock, valued at approximately $1,951,892.82. The trade was a 15.44% decrease in their position. The SEC filing for this sale provides additional information. 11.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CHEF shares. UBS Group decreased their price target on shares of Chefs’ Warehouse from $83.00 to $80.00 and set a “buy” rating on the stock in a research note on Thursday, April 23rd. Zacks Research lowered shares of Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Weiss Ratings cut shares of Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. TD Cowen initiated coverage on shares of Chefs’ Warehouse in a research report on Tuesday, July 7th. They issued a “buy” rating and a $110.00 price target for the company. Finally, Wall Street Zen upgraded shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research note on Saturday. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $91.86.

View Our Latest Stock Analysis on CHEF

Chefs’ Warehouse Profile

(Free Report)

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.