Nuveen LLC Takes $26.26 Million Position in The Chefs' Warehouse, Inc. $CHEF

Nuveen LLC purchased a new position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 482,242 shares of the company's stock, valued at approximately $26,263,000. Nuveen LLC owned approximately 1.19% of Chefs' Warehouse at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CHEF. CWM LLC boosted its stake in Chefs' Warehouse by 50.6% in 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. 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 worth $84,000 after purchasing an additional 335 shares in the last quarter. USA Financial Formulas bought a new position in Chefs' Warehouse in the 1st quarter worth about $106,000. Hsbc Holdings PLC bought a new position in Chefs' Warehouse in the 4th quarter worth about $201,000. Finally, Envestnet Asset Management Inc. bought a new position in Chefs' Warehouse in the 4th quarter worth about $224,000. Institutional investors own 91.55% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. UBS Group upped their target price on shares of Chefs' Warehouse from $68.00 to $72.00 and gave the company a "buy" rating in a research note on Monday, July 28th. BTIG Research restated a "buy" rating on shares of Chefs' Warehouse in a research note on Friday, May 23rd. Wall Street Zen upgraded shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st. Finally, Benchmark upped their target price on shares of Chefs' Warehouse from $68.00 to $79.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Six analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Chefs' Warehouse has an average rating of "Buy" and an average price target of $70.40.

Insider Activity at Chefs' Warehouse

In other news, CAO Tim Mccauley sold 17,500 shares of the firm's stock in a transaction 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 in the company, valued at $3,386,893.50. This trade represents a 25.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 11.90% of the stock is owned by insiders.

Chefs' Warehouse Stock Performance

Shares of NASDAQ:CHEF traded up $2.08 during trading on Friday, hitting $63.86. The company's stock had a trading volume of 81,006 shares, compared to its average volume of 493,528. The company has a 50-day moving average of $63.65 and a 200-day moving average of $60.00. The Chefs' Warehouse, Inc. has a 12 month low of $37.72 and a 12 month high of $68.94. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.01 and a quick ratio of 1.17. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 39.91 and a beta of 1.83.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued 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 net margin of 1.76% and a return on equity of 13.60%. The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $1.01 billion. During the same quarter in the prior year, the business earned $0.40 EPS. The business's quarterly revenue was up 8.4% on a year-over-year basis. Chefs' Warehouse has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current 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.