Integrated Quantitative Investments LLC Makes New Investment in The Chefs’ Warehouse, Inc. $CHEF

Integrated Quantitative Investments LLC acquired a new stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,595 shares of the company’s stock, valued at approximately $1,187,000.

Other hedge funds have also modified their holdings of the company. CWM LLC grew its holdings in Chefs’ Warehouse by 50.6% in the first quarter. CWM LLC now owns 542 shares of the company’s stock valued at $30,000 after purchasing an additional 182 shares during the period. Center for Financial Planning Inc. acquired a new position in shares of Chefs’ Warehouse in the 2nd quarter valued at $35,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Chefs’ Warehouse during the 1st quarter valued at $37,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Chefs’ Warehouse during the 1st quarter worth $46,000. Finally, Strs Ohio acquired a new stake in shares of Chefs’ Warehouse during the 1st quarter worth $98,000. 91.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CHEF shares. Zacks Research upgraded Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 29th. BTIG Research restated a “buy” rating and issued a $74.00 price objective on shares of Chefs’ Warehouse in a report on Tuesday, October 21st. Benchmark reiterated a “buy” rating on shares of Chefs’ Warehouse in a report on Thursday, October 23rd. UBS Group increased their target price on shares of Chefs’ Warehouse from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Finally, Piper Sandler assumed coverage on shares of Chefs’ Warehouse in a research report on Wednesday, August 27th. They set a “neutral” rating and a $66.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.88.

Chefs’ Warehouse Stock Performance

Chefs’ Warehouse stock opened at $58.94 on Friday. The Chefs’ Warehouse, Inc. has a 52 week low of $40.00 and a 52 week high of $68.94. The company has a current ratio of 2.14, a quick ratio of 1.19 and a debt-to-equity ratio of 1.23. The stock has a market cap of $2.40 billion, a P/E ratio of 34.67 and a beta of 1.73. The stock has a 50 day moving average of $60.39 and a 200-day moving average of $62.25.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. Chefs’ Warehouse had a net margin of 1.85% and a return on equity of 14.11%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $986.36 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The business’s revenue was up 9.6% compared to the same quarter last year. Chefs’ Warehouse has set its FY 2025 guidance at EPS. On average, analysts expect that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Insider Activity at Chefs’ Warehouse

In related news, CFO James Leddy sold 22,000 shares of Chefs’ Warehouse stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $62.11, for a total value of $1,366,420.00. Following the completion of the transaction, the chief financial officer directly owned 125,892 shares in the company, valued at approximately $7,819,152.12. This trade represents a 14.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.90% of the company’s stock.

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.