The Chefs’ Warehouse, Inc. $CHEF Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lessened its stake in shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 34.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 140,261 shares of the company’s stock after selling 73,179 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Chefs’ Warehouse were worth $7,639,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. CWM LLC increased its position in shares of Chefs’ Warehouse by 50.6% during the first quarter. CWM LLC now owns 542 shares of the company’s stock worth $30,000 after acquiring an additional 182 shares during the last quarter. Townsquare Capital LLC increased its position in shares of Chefs’ Warehouse by 6.8% during the first quarter. Townsquare Capital LLC now owns 4,994 shares of the company’s stock worth $272,000 after acquiring an additional 318 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Chefs’ Warehouse by 27.9% during the first quarter. GAMMA Investing LLC now owns 1,537 shares of the company’s stock worth $84,000 after acquiring an additional 335 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Chefs’ Warehouse during the first quarter worth about $37,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Chefs’ Warehouse by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,905 shares of the company’s stock worth $982,000 after acquiring an additional 755 shares during the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse Stock Performance

Shares of NASDAQ CHEF opened at $66.17 on Friday. The company has a current ratio of 2.01, a quick ratio of 1.17 and a debt-to-equity ratio of 1.24. The stock has a 50 day simple moving average of $64.08 and a 200-day simple moving average of $60.37. The company has a market cap of $2.70 billion, a PE ratio of 41.36 and a beta of 1.76. The Chefs’ Warehouse, Inc. has a 12-month low of $38.36 and a 12-month high of $68.94.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.07. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.01 billion. Chefs’ Warehouse had a return on equity of 13.60% and a net margin of 1.76%.The business’s revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. Chefs’ Warehouse has set its FY 2025 guidance at EPS. On average, equities research analysts forecast that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current year.

Analyst Ratings Changes

CHEF has been the topic of a number of analyst reports. Piper Sandler initiated coverage on Chefs’ Warehouse in a research report on Wednesday, August 27th. They set a “neutral” rating and a $66.00 target price on the stock. Wall Street Zen lowered Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Saturday, August 23rd. Zacks Research raised Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 28th. UBS Group boosted their price objective on Chefs’ Warehouse from $68.00 to $72.00 and gave the company a “buy” rating in a report on Monday, July 28th. Finally, Benchmark boosted their price objective on Chefs’ Warehouse from $68.00 to $79.00 and gave the company a “buy” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $69.67.

Insider Activity

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 transaction, the chief accounting officer directly owned 52,050 shares in the company, valued at approximately $3,386,893.50. The trade was a 25.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate 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.