Chefs’ Warehouse (NASDAQ:CHEF) General Counsel Sells $3,883,950.00 in Stock

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Alexandros Aldous sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $110.97, for a total value of $3,883,950.00. Following the sale, the general counsel directly owned 34,442 shares of the company’s stock, valued at $3,822,028.74. The trade was a 50.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Chefs’ Warehouse Trading Up 1.4%

NASDAQ:CHEF opened at $108.84 on Friday. The Chefs’ Warehouse, Inc. has a 12 month low of $53.20 and a 12 month high of $117.33. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 51.83 and a beta of 1.39. The company has a quick ratio of 1.31, a current ratio of 2.15 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average is $100.52 and its 200-day moving average is $80.23.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.19. Chefs’ Warehouse had a net margin of 2.09% and a return on equity of 16.95%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the firm earned $0.52 EPS. Chefs’ Warehouse’s quarterly revenue was up 12.9% compared to the same quarter last year. Equities analysts anticipate that The Chefs’ Warehouse, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

CHEF has been the topic of several research analyst reports. Wall Street Zen raised Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. TD Cowen boosted their price objective on Chefs’ Warehouse from $110.00 to $123.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded Chefs’ Warehouse from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. UBS Group raised their target price on Chefs’ Warehouse from $114.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Finally, Morgan Stanley lifted their price target on Chefs’ Warehouse from $97.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $107.43.

Institutional Investors Weigh In On Chefs’ Warehouse

Institutional investors have recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC bought a new stake in shares of Chefs’ Warehouse in the 2nd quarter worth approximately $243,000. Cookson Peirce & Co. Inc. bought a new stake in shares of Chefs’ Warehouse during the second quarter valued at approximately $1,405,000. Empowered Funds LLC acquired a new position in shares of Chefs’ Warehouse in the second quarter valued at $847,000. Jefferies Financial Group Inc. acquired a new position in shares of Chefs’ Warehouse in the second quarter valued at $360,000. Finally, Public Employees Retirement System of Ohio bought a new position in Chefs’ Warehouse in the second quarter worth $34,000. 91.55% of the stock is owned by institutional investors and hedge funds.

About Chefs’ Warehouse

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.