Quantbot Technologies LP Buys Shares of 22,166 The Chefs' Warehouse, Inc. $CHEF

Key Points

• Quantbot Technologies LP acquired 22,166 shares of The Chefs' Warehouse, valued at approximately $1,207,000, during the 1st quarter, representing 0.05% of the company.
• Wellington Management Group LLP increased its stake in Chefs' Warehouse by 9.2%, now owning approximately 2.67 million shares valued at $145 million.
• UBS Group raised its price target for The Chefs' Warehouse from $68.00 to $72.00, maintaining a "buy" rating, amidst growing analyst confidence in the stock.

Quantbot Technologies LP bought a new stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 22,166 shares of the company's stock, valued at approximately $1,207,000. Quantbot Technologies LP owned about 0.05% of Chefs' Warehouse as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in Chefs' Warehouse by 9.2% in the first quarter. Wellington Management Group LLP now owns 2,669,580 shares of the company's stock valued at $145,385,000 after purchasing an additional 223,954 shares during the last quarter. Northern Trust Corp grew its holdings in Chefs' Warehouse by 4.1% in the first quarter. Northern Trust Corp now owns 431,265 shares of the company's stock valued at $23,487,000 after purchasing an additional 16,821 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Chefs' Warehouse in the first quarter valued at $37,000. Informed Momentum Co LLC purchased a new stake in shares of Chefs' Warehouse in the first quarter valued at $3,230,000. Finally, Public Sector Pension Investment Board lifted its position in shares of Chefs' Warehouse by 29.8% in the first quarter. Public Sector Pension Investment Board now owns 111,368 shares of the company's stock valued at $6,065,000 after acquiring an additional 25,586 shares in the last quarter. Institutional investors and hedge funds own 91.55% of the company's stock.

Insiders Place Their Bets

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 transaction of $1,138,725.00. Following the transaction, the chief accounting officer directly owned 52,050 shares in the company, valued at approximately $3,386,893.50. This represents a 25.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 11.90% of the company's stock.

Analyst Ratings Changes

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

Chefs' Warehouse Stock Performance

NASDAQ CHEF opened at $64.08 on Friday. The business's 50-day moving average price is $63.70 and its 200 day moving average price is $60.06. The Chefs' Warehouse, Inc. has a twelve month low of $37.72 and a twelve month high of $68.94. The company has a market capitalization of $2.61 billion, a PE ratio of 40.05 and a beta of 1.83. The company has a current ratio of 2.01, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its earnings results 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 return on equity of 13.60% and a net margin of 1.76%.The firm 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. The firm'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, research analysts predict that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current 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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