Alliancebernstein L.P. Has $58.76 Million Position in The Chefs' Warehouse, Inc. $CHEF

Alliancebernstein L.P. lessened its position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 46.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,078,934 shares of the company's stock after selling 931,790 shares during the quarter. Alliancebernstein L.P. owned approximately 2.65% of Chefs' Warehouse worth $58,759,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in CHEF. CWM LLC raised its stake in shares of Chefs' Warehouse by 50.6% during the 1st quarter. CWM LLC now owns 542 shares of the company's stock worth $30,000 after purchasing an additional 182 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Chefs' Warehouse in the 1st quarter valued at $37,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in Chefs' Warehouse in the 1st quarter valued at $46,000. GAMMA Investing LLC boosted its stake in Chefs' Warehouse by 27.9% in 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 period. Finally, USA Financial Formulas bought a new stake in Chefs' Warehouse in the 1st quarter valued at $106,000. Institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Price Performance

Shares of NASDAQ:CHEF traded down $0.21 during trading on Tuesday, reaching $64.63. 365,379 shares of the company traded hands, compared to its average volume of 341,166. The company's 50 day moving average is $63.98 and its two-hundred day moving average is $60.33. The firm has a market capitalization of $2.63 billion, a PE ratio of 40.39 and a beta of 1.76. The company has a quick ratio of 1.17, a current ratio of 2.01 and a debt-to-equity ratio of 1.24. The Chefs' Warehouse, Inc. has a 52 week low of $37.72 and a 52 week high of $68.94.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the company earned $0.40 EPS. Chefs' Warehouse's revenue for the quarter was up 8.4% on a year-over-year basis. Chefs' Warehouse has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current year.

Insider Buying and Selling at Chefs' Warehouse

In related news, CAO Tim Mccauley sold 17,500 shares of the company's stock in a transaction on Monday, July 14th. The stock was sold at an average price of $65.07, for a total transaction of $1,138,725.00. Following the completion of the sale, the chief accounting officer directly owned 52,050 shares in the company, valued at $3,386,893.50. This represents a 25.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 11.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on CHEF shares. UBS Group boosted their price target on Chefs' Warehouse from $68.00 to $72.00 and gave the company a "buy" rating in a research note 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. Wall Street Zen downgraded Chefs' Warehouse from a "buy" rating to a "hold" rating in a research report on Saturday, August 23rd. Benchmark upped their target price on Chefs' Warehouse from $68.00 to $79.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Piper Sandler began coverage on Chefs' Warehouse in a research report on Wednesday, August 27th. They set a "neutral" rating and a $66.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $69.67.

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.