Contravisory Investment Management Inc. Acquires New Stake in The Chefs’ Warehouse, Inc. $CHEF

Contravisory Investment Management Inc. acquired a new stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,992 shares of the company’s stock, valued at approximately $255,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC raised its holdings 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 buying an additional 182 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Chefs’ Warehouse in the 1st quarter valued at $37,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Chefs’ Warehouse in the 1st quarter valued at $46,000. GAMMA Investing LLC raised its holdings 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 buying an additional 335 shares during the period. Finally, Strs Ohio purchased a new stake in shares of Chefs’ Warehouse in the 1st quarter valued at $98,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Insider Buying and Selling

In related news, CAO Tim Mccauley sold 17,500 shares of Chefs’ Warehouse stock in a transaction on Monday, July 14th. The shares were sold at an average price of $65.07, for a total transaction of $1,138,725.00. Following the sale, the chief accounting officer directly owned 52,050 shares in the company, valued at $3,386,893.50. This trade represents a 25.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 11.90% of the stock is owned by corporate insiders.

Chefs’ Warehouse Price Performance

Shares of NASDAQ:CHEF opened at $66.69 on Friday. The company’s fifty day moving average price is $64.27 and its 200 day moving average price is $60.51. The Chefs’ Warehouse, Inc. has a 12 month low of $38.36 and a 12 month high of $68.94. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.01 and a quick ratio of 1.17. The firm has a market capitalization of $2.72 billion, a P/E ratio of 41.68 and a beta of 1.76.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.45 by $0.07. Chefs’ Warehouse had a net margin of 1.76% and a return on equity of 13.60%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same period last year, the business earned $0.40 EPS. 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. As a group, sell-side analysts predict that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Saturday, August 23rd. Benchmark upped their price target on Chefs’ Warehouse from $68.00 to $79.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. UBS Group upped their price target on Chefs’ Warehouse from $68.00 to $72.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Zacks Research upgraded Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 28th. Finally, Piper Sandler started coverage on Chefs’ Warehouse in a report on Wednesday, August 27th. They set a “neutral” rating and a $66.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target 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.