Chefs’ Warehouse (NASDAQ:CHEF) CAO Sells $525,000.00 in Stock

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) CAO Tim Mccauley sold 7,500 shares of Chefs’ Warehouse 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 directly owned 44,662 shares of the company’s stock, valued at $3,126,340. This trade represents a 14.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Chefs’ Warehouse Trading Down 0.0%

Shares of CHEF opened at $72.09 on Friday. The stock’s fifty day simple moving average is $64.76 and its 200-day simple moving average is $62.32. The firm has a market capitalization of $2.93 billion, a PE ratio of 43.69 and a beta of 1.30. The Chefs’ Warehouse, Inc. has a 12-month low of $45.00 and a 12-month high of $73.94. The company has a quick ratio of 1.23, a current ratio of 2.05 and a debt-to-equity ratio of 1.19.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC acquired a new stake in shares of Chefs’ Warehouse in the 1st quarter valued at $352,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Chefs’ Warehouse by 6.3% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,152 shares of the company’s stock valued at $1,152,000 after buying an additional 1,247 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Chefs’ Warehouse by 50.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 130,382 shares of the company’s stock valued at $7,101,000 after acquiring an additional 43,593 shares during the last quarter. Strs Ohio bought a new stake in Chefs’ Warehouse during the 1st quarter worth $98,000. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Chefs’ Warehouse during the second quarter worth $138,000. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CHEF shares. BTIG Research reiterated a “buy” rating and issued a $74.00 price target on shares of Chefs’ Warehouse in a report on Thursday, February 12th. Benchmark reaffirmed 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. UBS Group boosted their price target on Chefs’ Warehouse from $80.00 to $83.00 and gave the company a “buy” rating in a report on Wednesday, January 14th. Finally, Wolfe Research set a $84.00 price objective on Chefs’ Warehouse in a report on Thursday, February 12th. Four investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company 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.