Empowered Funds LLC acquired a new stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,629 shares of the company’s stock, valued at approximately $275,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CHEF. HighTower Advisors LLC raised its position in shares of Chefs’ Warehouse by 1.7% in the fourth quarter. HighTower Advisors LLC now owns 9,536 shares of the company’s stock valued at $594,000 after purchasing an additional 161 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Chefs’ Warehouse by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 18,437 shares of the company’s stock valued at $1,149,000 after buying an additional 183 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Chefs’ Warehouse by 30.7% in the 2nd quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock worth $51,000 after buying an additional 188 shares during the period. CWM LLC boosted its holdings in Chefs’ Warehouse by 10.5% in the 4th quarter. CWM LLC now owns 2,133 shares of the company’s stock worth $133,000 after buying an additional 203 shares during the period. Finally, Tidal Investments LLC grew its stake in Chefs’ Warehouse by 4.9% in the 2nd quarter. Tidal Investments LLC now owns 4,341 shares of the company’s stock valued at $277,000 after buying an additional 204 shares in the last quarter. Institutional investors own 91.55% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on CHEF shares. Zacks Research raised shares of Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a report on Tuesday. BTIG Research raised their price target on Chefs’ Warehouse from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. UBS Group boosted their price objective on Chefs’ Warehouse from $114.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Morgan Stanley increased their price objective on Chefs’ Warehouse from $97.00 to $104.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Finally, Benchmark raised their target price on Chefs’ Warehouse from $106.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, July 30th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Chefs’ Warehouse has an average rating of “Moderate Buy” and a consensus target price of $107.43.
Chefs’ Warehouse Stock Up 0.9%
Shares of NASDAQ:CHEF opened at $112.05 on Friday. The firm has a fifty day moving average price of $98.03 and a two-hundred day moving average price of $78.63. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.15 and a quick ratio of 1.31. The Chefs’ Warehouse, Inc. has a one year low of $53.20 and a one year high of $117.33. The company has a market cap of $4.57 billion, a price-to-earnings ratio of 53.36 and a beta of 1.39.
Chefs’ Warehouse (NASDAQ:CHEF – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.19. Chefs’ Warehouse had a net margin of 2.09% and a return on equity of 16.95%. The firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The business’s quarterly revenue was up 12.9% on a year-over-year basis. Analysts anticipate that The Chefs’ Warehouse, Inc. will post 2.37 EPS for the current fiscal year.
Insider Buying and Selling
In related news, insider Christina Polychroni sold 4,500 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $79.21, for a total transaction of $356,445.00. Following the completion of the transaction, the insider directly owned 24,642 shares in the company, valued at $1,951,892.82. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.10% of the stock is currently owned by insiders.
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.
Further Reading
- Five stocks we like better than Chefs’ Warehouse
- Asian Market Circuit Breakers Hit Stocks, Not AI Demand
- Riot Platforms Re-Wires the Ledger for a $9B AI Power Play
- Nebius Just Exploded 34% on Blowout Earnings—Is It Time to Buy?
- Joby’s Defense Pivot Accelerates With $500M Resonant Sciences Deal
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.
