The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) CAO Tim Mccauley sold 2,000 shares of the stock in a transaction that occurred on Wednesday, November 18th. The stock was sold at an average price of $20.84, for a total value of $41,680.00. Following the sale, the chief accounting officer now directly owns 45,255 shares of the company’s stock, valued at $943,114.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NASDAQ CHEF opened at $19.33 on Friday. The stock has a market capitalization of $730.09 million, a price-to-earnings ratio of -19.33 and a beta of 2.04. The Chefs’ Warehouse, Inc. has a 52 week low of $3.55 and a 52 week high of $40.33. The firm has a 50-day moving average price of $16.16 and a 200 day moving average price of $14.91. The company has a quick ratio of 2.52, a current ratio of 3.25 and a debt-to-equity ratio of 1.05.

The Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, October 28th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.07). The Chefs’ Warehouse had a negative net margin of 2.78% and a negative return on equity of 10.71%. Equities research analysts expect that The Chefs’ Warehouse, Inc. will post -1.71 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in The Chefs’ Warehouse by 253.1% during the second quarter. Bank of New York Mellon Corp now owns 920,587 shares of the company’s stock worth $12,501,000 after purchasing an additional 659,862 shares in the last quarter. BlackRock Inc. raised its stake in shares of The Chefs’ Warehouse by 11.0% during the 3rd quarter. BlackRock Inc. now owns 4,846,603 shares of the company’s stock worth $70,470,000 after buying an additional 479,977 shares during the last quarter. Two Sigma Advisers LP increased its holdings in The Chefs’ Warehouse by 736.6% during the 2nd quarter. Two Sigma Advisers LP now owns 494,397 shares of the company’s stock valued at $6,714,000 after acquiring an additional 435,300 shares in the last quarter. Great Lakes Advisors LLC acquired a new position in The Chefs’ Warehouse during the third quarter worth about $5,082,000. Finally, Vanguard Group Inc. lifted its holdings in shares of The Chefs’ Warehouse by 18.5% in the second quarter. Vanguard Group Inc. now owns 2,162,867 shares of the company’s stock valued at $29,372,000 after purchasing an additional 337,396 shares in the last quarter. 64.67% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the company. BMO Capital Markets upgraded The Chefs’ Warehouse from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $15.00 to $30.00 in a research note on Tuesday, November 10th. BTIG Research upgraded shares of The Chefs’ Warehouse from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 9th. BidaskClub raised shares of The Chefs’ Warehouse from a “hold” rating to a “buy” rating in a report on Saturday, September 12th. Jefferies Financial Group reissued a “hold” rating and set a $13.00 price target on shares of The Chefs’ Warehouse in a report on Thursday, August 13th. Finally, National Securities reaffirmed a “buy” rating and issued a $30.00 price objective on shares of The Chefs’ Warehouse in a report on Wednesday, July 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $22.43.

The Chefs’ Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

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