BlackRock Amends Chefs' Warehouse Stake to 9.5%
Ticker: CHEF · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 1517175
| Field | Detail |
|---|---|
| Company | Chefs' Warehouse, Inc. (CHEF) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns 9.5% of Chefs' Warehouse, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 23, 2024, disclosing its ownership in Chefs' Warehouse, Inc. (NASDAQ: CW). As of December 31, 2023, BlackRock reported beneficial ownership of 3,744,385 shares of Common Stock, representing 9.5% of the company. This is an amendment to a previous filing, indicating a change in their holdings. This matters to investors because BlackRock is a major institutional investor, and their significant stake and any changes in it can signal their confidence (or lack thereof) in the company's future prospects.
Why It Matters
BlackRock's 9.5% stake in Chefs' Warehouse, Inc. means a major institutional investor has significant skin in the game, and their continued holding or changes in it can influence market perception and potentially the stock price.
Risk Assessment
Risk Level: low — This filing indicates a stable, significant institutional holding, which generally reduces volatility and provides a level of confidence.
Analyst Insight
A smart investor would note BlackRock's continued significant stake as a sign of institutional confidence, but also monitor future filings for any substantial changes in their position, which could signal a shift in their outlook on Chefs' Warehouse, Inc.
Key Numbers
- 3,744,385 — Shares Beneficially Owned (Represents BlackRock's total holding in Chefs' Warehouse, Inc. as of December 31, 2023.)
- 9.5% — Percentage of Class (Indicates BlackRock's significant ownership stake in Chefs' Warehouse, Inc.)
- December 31, 2023 — Reporting Date (The specific date for which the ownership data is reported in the filing.)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Chefs' Warehouse, Inc. (company) — the subject company in which BlackRock holds shares
- 3,744,385 shares (dollar_amount) — the number of shares beneficially owned by BlackRock
- 9.5% (dollar_amount) — the percentage of Chefs' Warehouse, Inc. common stock owned by BlackRock
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- BlackRock will maintain a significant stake in Chefs' Warehouse, Inc. (BlackRock Inc.) — medium confidence, target: Q2 2024
- The stock price of Chefs' Warehouse, Inc. will see minor positive sentiment due to continued institutional holding. (Chefs' Warehouse, Inc.) — low confidence, target: Q1 2024
FAQ
What is the purpose of this SC 13G/A filing by BlackRock Inc.?
This SC 13G/A is an amendment (Amendment No: 3) filed by BlackRock Inc. to update its beneficial ownership in Chefs' Warehouse, Inc. as of December 31, 2023, under Rule 13d-1(b) of the Securities Exchange Act of 1934.
How many shares of Chefs' Warehouse, Inc. Common Stock does BlackRock Inc. beneficially own according to this filing?
According to the filing, BlackRock Inc. beneficially owns 3,744,385 shares of Common Stock of Chefs' Warehouse, Inc. as of December 31, 2023.
What percentage of Chefs' Warehouse, Inc.'s Common Stock does BlackRock Inc.'s ownership represent?
BlackRock Inc.'s beneficial ownership of 3,744,385 shares represents 9.5% of the Common Stock of Chefs' Warehouse, Inc.
When was the event date that triggered this filing?
The date of the event which requires the filing of this statement was December 31, 2023.
What is the CUSIP number for Chefs' Warehouse, Inc. Common Stock mentioned in the filing?
The CUSIP number for Chefs' Warehouse, Inc. Common Stock is 163086101.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding Chefs' Warehouse, Inc. (CHEF).