VIRGINIA RETIREMENT SYSTEMS ET Al Takes $236,000 Position in The Chefs’ Warehouse, Inc. $CHEF

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 3,700 shares of the company’s stock, valued at approximately $236,000.

Several other large investors also recently made changes to their positions in the stock. CWM LLC boosted its holdings in shares of Chefs’ Warehouse by 50.6% in the 1st quarter. CWM LLC now owns 542 shares of the company’s stock valued at $30,000 after buying an additional 182 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Chefs’ Warehouse by 2.0% during the 2nd quarter. Yousif Capital Management LLC now owns 13,152 shares of the company’s stock worth $839,000 after acquiring an additional 260 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of Chefs’ Warehouse by 4.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 7,948 shares of the company’s stock worth $507,000 after acquiring an additional 306 shares during the last quarter. Townsquare Capital LLC lifted its holdings in Chefs’ Warehouse by 6.8% during the 1st quarter. Townsquare Capital LLC now owns 4,994 shares of the company’s stock valued at $272,000 after purchasing an additional 318 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 335 shares during the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.

Analyst Ratings Changes

CHEF has been the subject of several research reports. Wall Street Zen downgraded Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Friday, October 3rd. UBS Group raised their price target on Chefs’ Warehouse from $68.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 28th. Benchmark reaffirmed a “buy” rating on shares of Chefs’ Warehouse in a report on Thursday. BTIG Research reaffirmed a “buy” rating and set a $74.00 price target on shares of Chefs’ Warehouse in a report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Chefs’ Warehouse in a report on Friday. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Chefs’ Warehouse presently has a consensus rating of “Moderate Buy” and an average price target of $70.29.

Chefs’ Warehouse Stock Down 0.4%

CHEF opened at $58.54 on Monday. The Chefs’ Warehouse, Inc. has a fifty-two week low of $38.65 and a fifty-two week high of $68.94. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 2.01. The company has a market capitalization of $2.39 billion, a P/E ratio of 36.59 and a beta of 1.75. The stock has a fifty day moving average of $61.06 and a 200-day moving average of $61.43.

Chefs’ Warehouse (NASDAQ:CHEF) last posted 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 company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the firm earned $0.40 earnings per share. The company’s revenue was up 8.4% on a year-over-year basis. Chefs’ Warehouse has set its FY 2025 guidance at EPS. On average, equities analysts expect that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current year.

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.