State of Alaska Department of Revenue Grows Stock Position in The Chefs’ Warehouse, Inc. $CHEF

State of Alaska Department of Revenue grew its holdings in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 8.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,072 shares of the company’s stock after purchasing an additional 1,584 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.05% of Chefs’ Warehouse worth $1,344,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC increased its position in shares of Chefs’ Warehouse by 50.6% during the 1st quarter. CWM LLC now owns 542 shares of the company’s stock valued at $30,000 after purchasing an additional 182 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Chefs’ Warehouse during the 1st quarter valued at approximately $37,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Chefs’ Warehouse during the 1st quarter valued at approximately $46,000. GAMMA Investing LLC grew its stake 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. Finally, Strs Ohio bought a new position in shares of Chefs’ Warehouse during the 1st quarter valued at approximately $98,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Stock Performance

NASDAQ:CHEF opened at $55.44 on Friday. The stock’s fifty day moving average is $63.02 and its 200 day moving average is $60.83. The Chefs’ Warehouse, Inc. has a fifty-two week low of $38.36 and a fifty-two week high of $68.94. The firm has a market capitalization of $2.26 billion, a PE ratio of 34.65 and a beta of 1.75. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 2.01.

Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings results on Wednesday, July 30th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. Chefs’ Warehouse had a return on equity of 13.60% and a net margin of 1.76%.The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter last year, the firm posted $0.40 earnings per share. The business’s revenue was up 8.4% compared to the same quarter last year. Chefs’ Warehouse has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current year.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on CHEF shares. Piper Sandler started coverage on Chefs’ Warehouse in a research note on Wednesday, August 27th. They set a “neutral” rating and a $66.00 price objective for the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Chefs’ Warehouse in a research note on Saturday, September 27th. Benchmark boosted their price objective on Chefs’ Warehouse from $68.00 to $79.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Zacks Research downgraded Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, UBS Group boosted their price objective on Chefs’ Warehouse from $68.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $69.67.

About Chefs’ Warehouse

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.