Chefs’ Warehouse (NASDAQ:CHEF) Insider Christina Polychroni Sells 3,317 Shares

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) insider Christina Polychroni sold 3,317 shares of the company’s stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $65.45, for a total transaction of $217,097.65. Following the sale, the insider directly owned 30,141 shares of the company’s stock, valued at approximately $1,972,728.45. This trade represents a 9.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Christina Polychroni also recently made the following trade(s):

• On Friday, February 27th, Christina Polychroni sold 3,084 shares of Chefs’ Warehouse stock. The stock was sold at an average price of $71.33, for a total transaction of $219,981.72.

Chefs’ Warehouse Stock Down 5.2%

CHEF stock traded down $3.39 during trading on Tuesday, reaching $62.43. The stock had a trading volume of 1,063,010 shares, compared to its average volume of 431,987. The Chefs’ Warehouse, Inc. has a 1-year low of $45.00 and a 1-year high of $73.94. The firm has a fifty day moving average price of $64.89 and a 200 day moving average price of $62.41. The company has a current ratio of 2.05, a quick ratio of 1.23 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $2.54 billion, a P/E ratio of 37.84 and a beta of 1.26.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, February 11th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates 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 quarter last year, the firm earned $0.55 EPS. On average, equities analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CHEF shares. Zacks Research cut Chefs’ Warehouse from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 15th. Wolfe Research set a $84.00 price objective on shares of Chefs’ Warehouse in a report on Thursday, February 12th. BTIG Research restated a “buy” rating and issued a $74.00 price objective on shares of Chefs’ Warehouse in a research note on Thursday, February 12th. Benchmark reaffirmed a “buy” rating on shares of Chefs’ Warehouse in a report on Thursday, February 12th. Finally, Weiss Ratings raised shares of Chefs’ Warehouse from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $77.67.

Institutional Investors Weigh In On Chefs’ Warehouse

A number of institutional investors and hedge funds have recently modified their holdings of CHEF. Massachusetts Financial Services Co. MA increased its stake in Chefs’ Warehouse by 6.6% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 931,671 shares of the company’s stock worth $54,344,000 after buying an additional 58,046 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in Chefs’ Warehouse during the third quarter valued at $736,000. Summit Creek Advisors LLC bought a new position in shares of Chefs’ Warehouse in the 3rd quarter valued at about $7,431,000. Russell Investments Group Ltd. boosted its holdings in shares of Chefs’ Warehouse by 69.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 69,116 shares of the company’s stock worth $4,410,000 after purchasing an additional 28,253 shares during the period. Finally, Public Sector Pension Investment Board increased its position in Chefs’ Warehouse by 17.2% during the third quarter. Public Sector Pension Investment Board now owns 141,483 shares of the company’s stock valued at $8,253,000 after acquiring an additional 20,785 shares during the last quarter. 91.55% of the stock is owned by institutional investors.

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.