The Chefs’ Warehouse, Inc. $CHEF Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System grew its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,138 shares of the company’s stock after purchasing an additional 3,125 shares during the quarter. New York State Teachers Retirement System owned approximately 0.12% of Chefs’ Warehouse worth $3,008,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CHEF. CWM LLC raised its stake in Chefs’ Warehouse by 50.6% during the 1st quarter. CWM LLC now owns 542 shares of the company’s stock worth $30,000 after acquiring an additional 182 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Chefs’ Warehouse during the 1st quarter worth $37,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Chefs’ Warehouse during the 1st quarter worth $46,000. GAMMA Investing LLC raised its stake in Chefs’ Warehouse by 27.9% during the 1st quarter. GAMMA Investing LLC now owns 1,537 shares of the company’s stock worth $84,000 after acquiring an additional 335 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Chefs’ Warehouse during the 1st quarter worth $98,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Chefs’ Warehouse Stock Performance

Shares of CHEF stock opened at $59.62 on Wednesday. The Chefs’ Warehouse, Inc. has a one year low of $38.65 and a one year high of $68.94. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.17 and a current ratio of 2.01. The company has a 50 day moving average price of $61.25 and a 200 day moving average price of $61.17. The firm has a market capitalization of $2.43 billion, a price-to-earnings ratio of 37.26 and a beta of 1.75.

Chefs’ Warehouse (NASDAQ:CHEF) last issued 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 during the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business posted $0.40 earnings per share. 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. Sell-side analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. UBS Group raised their price objective 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. 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 objective on the stock. Wall Street Zen lowered shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. BTIG Research reiterated a “buy” rating and set a $74.00 price target on shares of Chefs’ Warehouse in a research note on Tuesday. Finally, Zacks Research lowered shares of Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Chefs’ Warehouse has a consensus rating of “Moderate Buy” and an average target price of $70.29.

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.