The Chefs’ Warehouse, Inc. $CHEF Shares Sold by AlphaQuest LLC

AlphaQuest LLC cut its holdings in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 32.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,398 shares of the company’s stock after selling 1,630 shares during the quarter. AlphaQuest LLC’s holdings in Chefs’ Warehouse were worth $217,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Asset Management One Co. Ltd. purchased a new stake in shares of Chefs’ Warehouse in the second quarter valued at approximately $138,000. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Chefs’ Warehouse in the second quarter valued at approximately $236,000. WCM Investment Management LLC increased its position in shares of Chefs’ Warehouse by 6.0% in the second quarter. WCM Investment Management LLC now owns 374,841 shares of the company’s stock valued at $23,814,000 after buying an additional 21,174 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of Chefs’ Warehouse by 7.1% in the second quarter. New York State Teachers Retirement System now owns 47,138 shares of the company’s stock valued at $3,008,000 after buying an additional 3,125 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its position in shares of Chefs’ Warehouse by 4.0% in the second quarter. Verdence Capital Advisors LLC now owns 7,948 shares of the company’s stock valued at $507,000 after buying an additional 306 shares in the last quarter. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CHEF has been the subject of several research reports. BTIG Research reiterated a “buy” rating and set a $74.00 price target on shares of Chefs’ Warehouse in a research report on Tuesday, October 21st. Wall Street Zen cut Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research report on Friday, October 3rd. UBS Group boosted their price target on Chefs’ Warehouse from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley initiated coverage on Chefs’ Warehouse in a research report on Monday, October 27th. They set an “overweight” rating and a $75.00 price target for the company. Finally, Zacks Research upgraded Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Chefs’ Warehouse currently has an average rating of “Moderate Buy” and an average target price of $71.88.

Chefs’ Warehouse Stock Performance

NASDAQ CHEF opened at $59.00 on Monday. The stock’s fifty day moving average is $60.80 and its two-hundred day moving average is $61.72. The firm has a market capitalization of $2.40 billion, a P/E ratio of 34.71 and a beta of 1.73. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.19 and a current ratio of 2.14. The Chefs’ Warehouse, Inc. has a fifty-two week low of $39.33 and a fifty-two week high of $68.94.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $986.36 million. Chefs’ Warehouse had a return on equity of 14.11% and a net margin of 1.85%.The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 earnings per share. Chefs’ Warehouse has set its FY 2025 guidance at EPS. On average, research analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share 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.