WCM Investment Management LLC Has $23.81 Million Stock Position in The Chefs' Warehouse, Inc. $CHEF

Key Points

• WCM Investment Management LLC increased its stake in The Chefs' Warehouse by 6.0%, owning 374,841 shares valued at $23.81 million as of its latest filing.
• Institutional investors collectively own 91.55% of Chefs' Warehouse, with significant increases in holdings reported by Wellington Management Group and Ameriprise Financial.
• The Chefs' Warehouse reported earnings of $0.52 per share, beating estimates, and achieved revenue of $1.03 billion, up 8.4% year-over-year.

WCM Investment Management LLC lifted its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 6.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 374,841 shares of the company's stock after purchasing an additional 21,174 shares during the quarter. WCM Investment Management LLC owned 0.92% of Chefs' Warehouse worth $23,814,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP boosted its position in shares of Chefs' Warehouse by 9.2% in the 1st 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 period. Ameriprise Financial Inc. boosted its position in shares of Chefs' Warehouse by 389.5% in the 1st quarter. Ameriprise Financial Inc. now owns 2,073,339 shares of the company's stock valued at $112,914,000 after purchasing an additional 1,649,811 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of Chefs' Warehouse in the 1st quarter valued at $42,866,000. Nuveen LLC acquired a new position in shares of Chefs' Warehouse in the 1st quarter valued at $26,263,000. Finally, Select Equity Group L.P. boosted its position in shares of Chefs' Warehouse by 524.7% in the 1st quarter. Select Equity Group L.P. now owns 452,843 shares of the company's stock valued at $24,662,000 after purchasing an additional 380,356 shares during the period. Institutional investors and hedge funds own 91.55% of the company's stock.

Chefs' Warehouse Stock Up 2.0%

Shares of Chefs' Warehouse stock opened at $59.15 on Thursday. The Chefs' Warehouse, Inc. has a 1 year low of $38.65 and a 1 year high of $68.94. The stock has a 50-day moving average price of $61.61 and a 200 day moving average price of $60.97. 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 company has a market cap of $2.41 billion, a P/E ratio of 36.97 and a beta of 1.75.

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 return on equity of 13.60% and a net margin of 1.76%.The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same period last 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. As a group, analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CHEF. Wall Street Zen lowered Chefs' Warehouse from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Weiss Ratings downgraded Chefs' Warehouse from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. UBS Group increased their price objective on Chefs' Warehouse from $68.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Piper Sandler assumed coverage on Chefs' Warehouse in a research note on Wednesday, August 27th. They issued a "neutral" rating and a $66.00 price objective for the company. Finally, Benchmark increased their price objective on Chefs' Warehouse from $68.00 to $79.00 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $69.67.

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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