Insider Selling: The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Sells 10,000 Shares of Stock

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Alexandros Aldous sold 10,000 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $42.50, for a total value of $425,000.00. Following the completion of the sale, the general counsel now owns 119,342 shares of the company’s stock, valued at $5,072,035. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Alexandros Aldous also recently made the following trade(s):

• On Wednesday, July 3rd, Alexandros Aldous sold 7,809 shares of Chefs’ Warehouse stock. The stock was sold at an average price of $40.00, for a total value of $312,360.00.
• On Tuesday, June 25th, Alexandros Aldous sold 2,191 shares of Chefs’ Warehouse stock. The stock was sold at an average price of $40.00, for a total value of $87,640.00.

Chefs’ Warehouse Stock Performance

Shares of NASDAQ CHEF traded up $0.75 during trading on Monday, reaching $42.40. 401,031 shares of the company traded hands, compared to its average volume of 332,561. The stock has a market cap of $1.69 billion, a P/E ratio of 48.74 and a beta of 2.30. The firm’s fifty day simple moving average is $38.74 and its 200 day simple moving average is $35.57. The company has a current ratio of 1.92, a quick ratio of 1.17 and a debt-to-equity ratio of 1.49. The Chefs’ Warehouse, Inc. has a 12-month low of $17.29 and a 12-month high of $42.80.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08. Chefs’ Warehouse had a return on equity of 12.30% and a net margin of 0.98%. The company had revenue of $874.50 million during the quarter, compared to analysts’ expectations of $833.25 million. During the same period last year, the business earned $0.12 earnings per share. Chefs’ Warehouse’s quarterly revenue was up 21.5% on a year-over-year basis. As a group, research analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Granahan Investment Management LLC raised its position in Chefs’ Warehouse by 138.5% in the 4th quarter. Granahan Investment Management LLC now owns 794,541 shares of the company’s stock valued at $23,383,000 after purchasing an additional 461,455 shares in the last quarter. Penn Capital Management Company LLC purchased a new stake in shares of Chefs’ Warehouse during the 4th quarter worth approximately $12,495,000. New York State Common Retirement Fund grew its position in shares of Chefs’ Warehouse by 2,010.2% in the 4th quarter. New York State Common Retirement Fund now owns 301,141 shares of the company’s stock valued at $8,863,000 after buying an additional 286,870 shares during the last quarter. Scout Investments Inc. acquired a new stake in Chefs’ Warehouse during the 4th quarter worth $6,715,000. Finally, Stephens Investment Management Group LLC increased its position in shares of Chefs’ Warehouse by 17.0% during the fourth quarter. Stephens Investment Management Group LLC now owns 1,046,940 shares of the company’s stock worth $30,811,000 after purchasing an additional 151,846 shares in the last quarter. 91.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. StockNews.com raised shares of Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Benchmark reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Chefs’ Warehouse in a research report on Thursday, May 2nd.

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.