Wellington Management Group LLP Has $145.39 Million Stock Holdings in The Chefs' Warehouse, Inc. $CHEF

Key Points

• Wellington Management Group LLP increased its stake in The Chefs' Warehouse by 9.2%, owning 2,669,580 shares valued at approximately $145.4 million.
• Analysts have a consensus rating of "Buy" for CHEF, with a target price increased from $68 to $79 by Benchmark and from $68 to $72 by UBS Group.
• The Chefs' Warehouse reported a quarterly EPS of $0.52, exceeding estimates and marking an 8.4% revenue growth year-over-year with total revenue of $1.03 billion.

Wellington Management Group LLP lifted its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Free Report) by 9.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,669,580 shares of the company's stock after acquiring an additional 223,954 shares during the quarter. Wellington Management Group LLP owned approximately 6.56% of Chefs' Warehouse worth $145,385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CHEF. Northern Trust Corp boosted its position in Chefs' Warehouse by 4.1% during 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 bought a new stake in shares of Chefs' Warehouse during the 1st quarter worth approximately $37,000. Informed Momentum Co LLC acquired a new stake in shares of Chefs' Warehouse in the 1st quarter valued at approximately $3,230,000. Public Sector Pension Investment Board boosted its holdings in shares of Chefs' Warehouse by 29.8% in the 1st quarter. Public Sector Pension Investment Board now owns 111,368 shares of the company's stock valued at $6,065,000 after buying an additional 25,586 shares during the last quarter. Finally, Nuveen LLC bought a new position in shares of Chefs' Warehouse in the first quarter valued at $26,263,000. Institutional investors own 91.55% of the company's stock.

Analyst Ratings Changes

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

Chefs' Warehouse Stock Performance

CHEF stock traded down $2.04 during midday trading on Tuesday, reaching $63.09. 353,203 shares of the company were exchanged, compared to its average volume of 531,649. The Chefs' Warehouse, Inc. has a one year low of $37.72 and a one year high of $68.94. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 39.43 and a beta of 1.83. The business has a 50-day moving average price of $63.75 and a two-hundred day moving average price of $60.22. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.01 and a quick ratio of 1.17.

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, beating the consensus estimate of $0.45 by $0.07. The company had revenue of $1.03 billion for 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 company's revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.40 earnings per share. Chefs' Warehouse has set its FY 2025 guidance at EPS. Equities research analysts forecast that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Insider Transactions at Chefs' Warehouse

In other news, CAO Tim Mccauley sold 17,500 shares of the business's stock in a transaction that occurred on 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 owned 52,050 shares in the company, valued at $3,386,893.50. The trade was a 25.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 11.50% of the stock is owned by company insiders.

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.