AlphaQuest LLC Makes New $274,000 Investment in The Chefs' Warehouse, Inc. $CHEF

Key Points

• AlphaQuest LLC acquired 5,028 shares of The Chefs' Warehouse, Inc. valued at approximately $274,000 during the first quarter.
• Several hedge funds increased their stakes in The Chefs' Warehouse, with notable increases from Harvest Fund Management Co. (103.1%) and the Teachers Retirement System of Kentucky (196.0%).
• The Chefs' Warehouse reported a quarterly revenue of $1.03 billion, exceeding analyst expectations, and set its FY 2025 EPS guidance while analysts anticipate an EPS of 1.73 for the current year.

AlphaQuest LLC purchased a new stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,028 shares of the company's stock, valued at approximately $274,000.

A number of other hedge funds have also made changes to their positions in CHEF. Envestnet Asset Management Inc. acquired a new position in Chefs' Warehouse during the fourth quarter worth $224,000. MetLife Investment Management LLC grew its holdings in shares of Chefs' Warehouse by 5.4% in the fourth quarter. MetLife Investment Management LLC now owns 21,332 shares of the company's stock valued at $1,052,000 after purchasing an additional 1,101 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Chefs' Warehouse by 325.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,974 shares of the company's stock worth $344,000 after acquiring an additional 5,333 shares during the period. State of Tennessee Department of Treasury increased its holdings in Chefs' Warehouse by 31.1% during the 4th quarter. State of Tennessee Department of Treasury now owns 11,497 shares of the company's stock worth $567,000 after purchasing an additional 2,726 shares during the period. Finally, Hsbc Holdings PLC purchased a new stake in shares of Chefs' Warehouse during the fourth quarter worth approximately $201,000. Institutional investors and hedge funds own 91.55% of the company's stock.

Insider Buying and Selling at Chefs' Warehouse

In other Chefs' Warehouse news, CAO Tim Mccauley sold 17,500 shares of the business's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $65.07, for a total transaction of $1,138,725.00. Following the sale, the chief accounting officer directly owned 52,050 shares of the company's stock, valued at $3,386,893.50. The trade was a 25.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 11.50% of the company's stock.

Analyst Upgrades and Downgrades

CHEF has been the subject of a number of recent analyst reports. UBS Group raised their price objective on shares of Chefs' Warehouse from $68.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Zacks Research upgraded Chefs' Warehouse from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 28th. Benchmark raised their target price on Chefs' Warehouse from $68.00 to $79.00 and gave the company a "buy" rating in a report on Thursday, July 31st. Wall Street Zen lowered Chefs' Warehouse from a "buy" rating to a "hold" rating in a research report on Saturday, August 23rd. Finally, Piper Sandler initiated coverage on shares of Chefs' Warehouse in a research note on Wednesday, August 27th. They set a "neutral" rating and a $66.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Chefs' Warehouse has an average rating of "Buy" and an average price target of $69.67.

Chefs' Warehouse Price Performance

Chefs' Warehouse stock traded up $0.07 during trading hours on Wednesday, hitting $64.64. 58,798 shares of the stock were exchanged, compared to its average volume of 488,364. The Chefs' Warehouse, Inc. has a 12 month low of $37.72 and a 12 month high of $68.94. The business's 50-day moving average is $63.87 and its two-hundred day moving average is $60.36. 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 stock has a market capitalization of $2.63 billion, a P/E ratio of 40.50 and a beta of 1.76.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.07. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $1.01 billion. Chefs' Warehouse had a return on equity of 13.60% and a net margin of 1.76%.Chefs' Warehouse's revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.40 EPS. Chefs' Warehouse has set its FY 2025 guidance at EPS. Equities research analysts expect 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.