Oliver Luxxe Assets LLC Makes New $1.36 Million Investment in The Chefs' Warehouse, Inc. $CHEF

Key Points

• Oliver Luxxe Assets LLC has made a new investment in The Chefs' Warehouse, Inc. valued at approximately $1.36 million, acquiring 21,267 shares.
• Institutional investors collectively own 91.55% of The Chefs' Warehouse's stock, indicating strong institutional confidence in the company.
• Wall Street analysts have given Chefs' Warehouse a consensus rating of "Buy" with a target price of approximately $69.67, reflecting optimistic expectations for its future performance.

Oliver Luxxe Assets LLC purchased a new stake in shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,267 shares of the company's stock, valued at approximately $1,357,000. Oliver Luxxe Assets LLC owned 0.05% of Chefs' Warehouse as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Chefs' Warehouse by 3.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,905 shares of the company's stock valued at $982,000 after buying an additional 755 shares during the period. ProShare Advisors LLC boosted its holdings in shares of Chefs' Warehouse by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 10,537 shares of the company's stock valued at $520,000 after acquiring an additional 3,242 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Chefs' Warehouse during the fourth quarter valued at approximately $252,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Chefs' Warehouse by 13.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,789 shares of the company's stock worth $4,280,000 after purchasing an additional 10,018 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Chefs' Warehouse by 6,863.8% during the first quarter. GAMMA Investing LLC now owns 83,705 shares of the company's stock worth $4,559,000 after purchasing an additional 82,503 shares in the last quarter. Institutional investors and hedge funds own 91.55% of the company's stock.

Insider Buying and Selling at Chefs' Warehouse

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 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. The trade was a 25.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 11.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CHEF. UBS Group increased 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. Piper Sandler initiated coverage on Chefs' Warehouse in a report on Wednesday, August 27th. They set a "neutral" rating and a $66.00 target price on the stock. Wall Street Zen upgraded shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a research report on Saturday. Zacks Research upgraded shares of Chefs' Warehouse from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 28th. Finally, Benchmark lifted their price objective on shares of Chefs' Warehouse from $68.00 to $79.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Chefs' Warehouse presently has a consensus rating of "Buy" and a consensus target price of $69.67.

Chefs' Warehouse Stock Down 7.6%

CHEF stock opened at $60.00 on Tuesday. The company has a 50 day moving average of $64.15 and a two-hundred day moving average of $60.55. The company has a market cap of $2.45 billion, a price-to-earnings ratio of 37.50 and a beta of 1.76. The Chefs' Warehouse, Inc. has a 12-month low of $38.36 and a 12-month high of $68.94. The company has a quick ratio of 1.17, a current ratio of 2.01 and a debt-to-equity ratio of 1.24.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.45 by $0.07. Chefs' Warehouse had a net margin of 1.76% and a return on equity of 13.60%. The business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same period in the prior year, the business posted $0.40 earnings per share. 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. On average, equities analysts anticipate that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

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.

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