Charles Schwab Investment Management Inc. Decreases Stake in The Chefs’ Warehouse, Inc. $CHEF

Charles Schwab Investment Management Inc. trimmed its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 454,185 shares of the company’s stock after selling 10,206 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.12% of Chefs’ Warehouse worth $24,735,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its position in shares of Chefs’ Warehouse by 5.0% during the 1st quarter. Principal Financial Group Inc. now owns 192,764 shares of the company’s stock valued at $10,498,000 after acquiring an additional 9,142 shares during the period. Harvest Fund Management Co. Ltd grew its position in shares of Chefs’ Warehouse by 103.1% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 19,075 shares of the company’s stock valued at $1,038,000 after acquiring an additional 9,684 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Chefs’ Warehouse by 196.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 30,816 shares of the company’s stock valued at $1,678,000 after acquiring an additional 20,404 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Chefs’ Warehouse during the 1st quarter valued at approximately $289,000. Finally, GAMMA Investing LLC grew its position in shares of Chefs’ Warehouse by 27.9% during the 1st quarter. GAMMA Investing LLC now owns 1,537 shares of the company’s stock valued at $84,000 after acquiring an additional 335 shares during the period. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CHEF. Benchmark increased their target price on shares of Chefs’ Warehouse from $68.00 to $79.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. UBS Group upped their price target on shares of Chefs’ Warehouse from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Wall Street Zen raised shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a report on Saturday, June 21st. Finally, BTIG Research reaffirmed a “buy” rating on shares of Chefs’ Warehouse in a report on Friday, May 23rd. Six research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $70.40.

Insider Buying and Selling

In other Chefs’ Warehouse news, CAO Tim Mccauley sold 17,500 shares of the firm’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $65.07, for a total value of $1,138,725.00. Following the completion of the transaction, the chief accounting officer directly owned 52,050 shares of the company’s stock, valued at $3,386,893.50. This trade represents a 25.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 11.90% of the stock is currently owned by insiders.

Chefs’ Warehouse Stock Up 0.8%

Shares of NASDAQ:CHEF opened at $61.91 on Thursday. The firm has a fifty day moving average price of $63.65 and a two-hundred day moving average price of $59.95. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.01 and a quick ratio of 1.17. The Chefs’ Warehouse, Inc. has a one year low of $37.72 and a one year high of $68.94. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 38.69 and a beta of 1.83.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. Chefs’ Warehouse had a net margin of 1.76% and a return on equity of 13.60%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last year, the firm earned $0.40 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. Chefs’ Warehouse has set its FY 2025 guidance at EPS. Analysts anticipate 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.