Great Lakes Advisors LLC Has $5.82 Million Stake in The Chefs' Warehouse, Inc. $CHEF

Key Points

• Great Lakes Advisors LLC reduced its stake in The Chefs' Warehouse, Inc. by 4.2%, selling 4,665 shares, and now holds approximately 0.26% of the company valued at $5.8 million.
• Wall Street analysts have differing views on the stock, with Zacks Research upgrading it to a "strong-buy" while Wall Street Zen has downgraded it to a "hold," leading to a consensus rating of "Buy" with an average price target of $69.67.
• Chefs' Warehouse reported a 8.4% year-over-year revenue increase during its latest earnings, achieving $1.03 billion in revenue and EPS of $0.52, exceeding analysts' expectations.

Great Lakes Advisors LLC lowered its position in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 4.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 106,846 shares of the company's stock after selling 4,665 shares during the quarter. Great Lakes Advisors LLC owned 0.26% of Chefs' Warehouse worth $5,819,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of 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 in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Chefs' Warehouse during the first quarter valued at about $37,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Chefs' Warehouse during the first quarter valued at about $46,000. 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 in the last quarter. Finally, USA Financial Formulas bought a new position in Chefs' Warehouse during the first quarter valued at about $106,000. Institutional investors own 91.55% of the company's stock.

Wall Street Analyst Weigh In

CHEF has been the subject of several research reports. UBS Group raised their target price on Chefs' Warehouse from $68.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Piper Sandler initiated coverage on Chefs' Warehouse in a research note on Wednesday, August 27th. They set a "neutral" rating and a $66.00 target price for the company. Wall Street Zen cut Chefs' Warehouse from a "buy" rating to a "hold" rating in a research note on Saturday, August 23rd. BTIG Research reiterated a "buy" rating on shares of Chefs' Warehouse in a research report on Friday, May 23rd. Finally, Benchmark increased their price target on Chefs' Warehouse from $68.00 to $79.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $69.67.

Chefs' Warehouse Trading Up 0.3%

Shares of NASDAQ:CHEF traded up $0.18 during midday trading on Friday, reaching $66.17. The company had a trading volume of 370,523 shares, compared to its average volume of 351,385. 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 Chefs' Warehouse, Inc. has a 1-year low of $38.36 and a 1-year high of $68.94. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 41.36 and a beta of 1.76. The company has a fifty day simple moving average of $64.08 and a two-hundred day simple moving average of $60.39.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.52 earnings per share for the quarter, beating 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 last year, the company posted $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. Research analysts predict that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current year.

Insider Transactions at Chefs' Warehouse

In related news, CAO Tim Mccauley sold 17,500 shares of the stock in a transaction dated 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 directly owned 52,050 shares of the company's stock, valued at approximately $3,386,893.50. This represents a 25.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 11.90% of the company's stock.

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.