Chefs’ Warehouse (NASDAQ:CHEF) CAO Tim Mccauley Sells 7,500 Shares of Stock

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) CAO Tim Mccauley sold 7,500 shares of the firm’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $70.00, for a total value of $525,000.00. Following the completion of the sale, the chief accounting officer owned 44,662 shares in the company, valued at approximately $3,126,340. This represents a 14.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Chefs’ Warehouse Stock Performance

Shares of CHEF stock opened at $71.39 on Friday. The stock’s 50-day moving average is $64.90 and its two-hundred day moving average is $62.38. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.23 and a current ratio of 2.05. The Chefs’ Warehouse, Inc. has a 1 year low of $45.00 and a 1 year high of $73.94. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 43.27 and a beta of 1.30.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, February 11th. The company reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Chefs’ Warehouse had a return on equity of 14.75% and a net margin of 1.74%.The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. Analysts predict that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current year.

Institutional Investors Weigh In On Chefs’ Warehouse

Several institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC purchased a new position in shares of Chefs’ Warehouse in the 1st quarter valued at about $352,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Chefs’ Warehouse by 6.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,152 shares of the company’s stock valued at $1,152,000 after acquiring an additional 1,247 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Chefs’ Warehouse by 50.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 130,382 shares of the company’s stock worth $7,101,000 after acquiring an additional 43,593 shares in the last quarter. Strs Ohio acquired a new stake in shares of Chefs’ Warehouse in the 1st quarter worth approximately $98,000. Finally, Asset Management One Co. Ltd. acquired a new stake in shares of Chefs’ Warehouse in the 2nd quarter worth approximately $138,000. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Zacks Research lowered Chefs’ Warehouse from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. BTIG Research reiterated a “buy” rating and issued a $74.00 target price on shares of Chefs’ Warehouse in a research note on Thursday, February 12th. Benchmark restated a “buy” rating on shares of Chefs’ Warehouse in a research note on Thursday, February 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Chefs’ Warehouse in a research note on Wednesday, January 21st. Finally, UBS Group raised their target price on shares of Chefs’ Warehouse from $80.00 to $83.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Chefs’ Warehouse currently has a consensus rating of “Hold” and a consensus price target of $77.67.

Chefs’ Warehouse Company Profile

Chefs’ Warehouse, Inc is a specialty food distributor that supplies a broad range of high‐end ingredients and culinary products to professional chefs, restaurants, hotels, and other foodservice operators. Headquartered in Maspeth, New York, the company sources its portfolio from local artisans, boutique producers and leading global suppliers. Its core offerings include fresh and frozen proteins, specialty cuts of meat and seafood, handcrafted cheeses and charcuterie, seasonal produce, value‐added preparations, pantry staples and premium desserts and beverages.

The company operates a network of distribution centers strategically located in major metropolitan markets across North America.