Wellington Management Group LLP Boosts Stock Position in The Chefs’ Warehouse, Inc. $CHEF

Wellington Management Group LLP grew its stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 9.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,669,580 shares of the company’s stock after buying an additional 223,954 shares during the period. Wellington Management Group LLP owned 6.56% of Chefs’ Warehouse worth $145,385,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CHEF. CWM LLC raised its holdings in Chefs’ Warehouse by 50.6% during the first quarter. CWM LLC now owns 542 shares of the company’s stock valued at $30,000 after acquiring an additional 182 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Chefs’ Warehouse during the first quarter valued at about $37,000. GAMMA Investing LLC raised its holdings in Chefs’ Warehouse by 27.9% during the first quarter. GAMMA Investing LLC now owns 1,537 shares of the company’s stock valued at $84,000 after acquiring an additional 335 shares during the period. USA Financial Formulas bought a new position in Chefs’ Warehouse in the 1st quarter worth approximately $106,000. Finally, Hsbc Holdings PLC bought a new position in Chefs’ Warehouse in the 4th quarter worth approximately $201,000. 91.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on CHEF. Benchmark upped their price target on Chefs’ Warehouse from $68.00 to $79.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. UBS Group upped their target price 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 upgraded shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research report on Saturday, June 21st. Finally, BTIG Research restated a “buy” rating on shares of Chefs’ Warehouse in a research report on Friday, May 23rd. Six research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $70.40.

Chefs’ Warehouse Price Performance

CHEF stock opened at $61.91 on Thursday. The Chefs’ Warehouse, Inc. has a 52 week low of $37.72 and a 52 week high of $68.94. The company has a quick ratio of 1.17, a current ratio of 2.01 and a debt-to-equity ratio of 1.24. The company has a fifty day simple moving average of $63.65 and a two-hundred day simple moving average of $59.95. The firm has a market capitalization of $2.52 billion, a P/E ratio of 38.69 and a beta of 1.83.

Chefs’ Warehouse (NASDAQ:CHEF) last released 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 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 analyst estimates of $1.01 billion. During the same quarter last year, the business posted $0.40 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. Chefs’ Warehouse has set its FY 2025 guidance at EPS. Analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

Insider Activity at Chefs’ Warehouse

In other news, CAO Tim Mccauley sold 17,500 shares of Chefs’ Warehouse stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $65.07, for a total value of $1,138,725.00. Following the completion of the transaction, the chief accounting officer owned 52,050 shares in the company, valued at approximately $3,386,893.50. The trade was a 25.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 11.90% of the company’s stock.

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.