Hennessy Advisors Inc. Purchases Shares of 184,998 The Chefs' Warehouse, Inc. $CHEF

Key Points

• Hennessy Advisors Inc. acquired 184,998 shares of The Chefs' Warehouse, Inc., valued at approximately $11.8 million, during the second quarter.
• The company reported a quarterly EPS of $0.52, exceeding analyst expectations, with revenues reaching $1.03 billion, reflecting an 8.4% increase year-over-year.
• Several institutions increased their holdings in the company, and the stock currently has a consensus rating of Moderate Buy with a price target of $69.67.

Hennessy Advisors Inc. purchased a new stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 184,998 shares of the company's stock, valued at approximately $11,805,000. Hennessy Advisors Inc. owned about 0.45% of Chefs' Warehouse at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in shares of Chefs' Warehouse by 5.0% during the first quarter. Principal Financial Group Inc. now owns 192,764 shares of the company's stock valued at $10,498,000 after purchasing an additional 9,142 shares during the period. Harvest Fund Management Co. Ltd boosted its stake in shares of Chefs' Warehouse by 103.1% during the first quarter. Harvest Fund Management Co. Ltd now owns 19,075 shares of the company's stock valued at $1,038,000 after purchasing an additional 9,684 shares during the period. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Chefs' Warehouse by 196.0% during the first quarter. Teachers Retirement System of The State of Kentucky now owns 30,816 shares of the company's stock valued at $1,678,000 after purchasing an additional 20,404 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Chefs' Warehouse during the first quarter valued at approximately $289,000. Finally, GAMMA Investing LLC boosted its stake in shares of 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 purchasing an additional 335 shares during the period. Hedge funds and other institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Stock Performance

Shares of Chefs' Warehouse stock opened at $55.44 on Friday. 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 $2.26 billion, a P/E ratio of 34.65 and a beta of 1.75. The business has a fifty day simple moving average of $63.02 and a two-hundred day simple moving average of $60.77. The Chefs' Warehouse, Inc. has a 12 month low of $38.36 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $0.45 by $0.07. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. Chefs' Warehouse had a return on equity of 13.60% and a net margin of 1.76%.The company's revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share. Chefs' Warehouse has set its FY 2025 guidance at EPS. On average, equities analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CHEF has been the subject of a number of analyst reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Chefs' Warehouse in a research note on Saturday, September 27th. Zacks Research lowered Chefs' Warehouse from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 29th. Benchmark increased their price objective on Chefs' Warehouse from $68.00 to $79.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. UBS Group raised their price target on Chefs' Warehouse from $68.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, Wall Street Zen lowered Chefs' Warehouse from a "buy" rating to a "hold" rating in a research note on Friday. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $69.67.

Insider Activity

In other news, CAO Tim Mccauley sold 17,500 shares of Chefs' Warehouse 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 transaction, the chief accounting officer 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 11.90% of the stock is currently owned by corporate insiders.

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.

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