The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) CAO Sells $41,680.00 in Stock
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.
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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