The Chefs' Warehouse, Inc. $CHEF Shares Sold by Stephens Investment Management Group LLC

Key Points

• Stephens Investment Management Group LLC reduced its stake in The Chefs' Warehouse by 66.6%, selling 136,275 shares to own 68,460 shares worth $4.36 million.
• Several institutional investors have increased their positions, with CWM LLC raising its stake by 50.6% and new stakes acquired by multiple firms, indicating strong institutional interest.
• Analysts have mixed ratings on the stock, with UBS Group upgrading their price target to $72, while Weiss Ratings downgraded it from a "buy" to a "hold" rating.

Stephens Investment Management Group LLC lowered its position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 66.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,460 shares of the company's stock after selling 136,275 shares during the quarter. Stephens Investment Management Group LLC owned 0.17% of Chefs' Warehouse worth $4,368,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. CWM LLC raised its stake in shares of Chefs' Warehouse by 50.6% in the 1st quarter. CWM LLC now owns 542 shares of the company's stock valued at $30,000 after purchasing an additional 182 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Chefs' Warehouse in the 1st quarter valued at about $37,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Chefs' Warehouse in the 1st quarter valued at about $46,000. GAMMA Investing LLC raised its stake in shares of Chefs' Warehouse by 27.9% in the 1st quarter. GAMMA Investing LLC now owns 1,537 shares of the company's stock valued at $84,000 after purchasing an additional 335 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Chefs' Warehouse in the 1st quarter valued at about $98,000. Institutional investors and hedge funds own 91.55% of the company's stock.

Analyst Upgrades and Downgrades

CHEF has been the subject of a number of recent research reports. UBS Group boosted their price objective on shares of Chefs' Warehouse from $68.00 to $72.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Piper Sandler initiated coverage on shares of Chefs' Warehouse in a research report on Wednesday, August 27th. They set a "neutral" rating and a $66.00 price objective for the company. Weiss Ratings downgraded shares of Chefs' Warehouse from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. BTIG Research restated a "buy" rating and issued a $74.00 target price on shares of Chefs' Warehouse in a research report on Tuesday. Finally, Benchmark upped their target price on shares of Chefs' Warehouse from $68.00 to $79.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $70.29.

Chefs' Warehouse Trading Up 0.3%

Shares of NASDAQ:CHEF opened at $59.81 on Thursday. The company has a 50 day moving average of $61.17 and a 200-day moving average of $61.16. The firm has a market cap of $2.44 billion, a P/E ratio of 37.38 and a beta of 1.75. The Chefs' Warehouse, Inc. has a twelve month low of $38.65 and a twelve month high of $68.94. 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 issued 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. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.01 billion. Chefs' Warehouse had a net margin of 1.76% and a return on equity of 13.60%. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. Chefs' Warehouse has set its FY 2025 guidance at EPS. As a group, 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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