Charles Schwab Investment Management Inc. Sells 10,206 Shares of The Chefs' Warehouse, Inc. $CHEF

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in The Chefs' Warehouse by 2.2%, now holding 454,185 shares valued at approximately $24.7 million.
• Institutional ownership of Chefs' Warehouse stock is high, with 91.55% held by hedge funds and other investors, indicating strong institutional interest.
• Wall Street analysts maintain a positive outlook, with several firms issuing a "buy" rating and raising their price targets for the stock, with a consensus target of $70.40.

Charles Schwab Investment Management Inc. decreased its holdings in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 2.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 454,185 shares of the company's stock after selling 10,206 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.12% of Chefs' Warehouse worth $24,735,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in Chefs' Warehouse by 50.6% during the first quarter. CWM LLC now owns 542 shares of the company's stock valued at $30,000 after buying an additional 182 shares during the period. GAMMA Investing LLC boosted its stake in Chefs' Warehouse by 27.9% during the first quarter. GAMMA Investing LLC now owns 1,537 shares of the company's stock valued at $84,000 after buying an additional 335 shares during the period. USA Financial Formulas bought a new stake in Chefs' Warehouse during the first quarter valued at $106,000. Hsbc Holdings PLC bought a new stake in Chefs' Warehouse during the fourth quarter valued at $201,000. Finally, Envestnet Asset Management Inc. bought a new stake in Chefs' Warehouse during the fourth quarter worth about $224,000. Institutional investors own 91.55% of the company's stock.

Insider Transactions at Chefs' Warehouse

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 completion of the sale, the chief accounting officer owned 52,050 shares in the company, valued at approximately $3,386,893.50. This represents a 25.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 11.50% of the company's stock.

Chefs' Warehouse Stock Performance

Chefs' Warehouse stock traded down $2.04 during trading on Tuesday, reaching $63.09. The company had a trading volume of 353,203 shares, compared to its average volume of 531,649. The Chefs' Warehouse, Inc. has a 52 week low of $37.72 and a 52 week high of $68.94. The company has a current ratio of 2.01, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 39.43 and a beta of 1.83. The firm's 50-day simple moving average is $63.75 and its 200 day simple moving average is $60.22.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.52 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business posted $0.40 EPS. Chefs' Warehouse's revenue for the quarter was up 8.4% compared to the same quarter last year. Chefs' Warehouse has set its FY 2025 guidance at EPS. Sell-side analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CHEF shares. Benchmark lifted their price target on Chefs' Warehouse from $68.00 to $79.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. UBS Group boosted 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. Wall Street Zen downgraded Chefs' Warehouse from a "buy" rating to a "hold" rating in a report on Saturday. Finally, BTIG Research reiterated a "buy" rating on shares of Chefs' Warehouse in a report on Friday, May 23rd. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $70.40.

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.