Chefs’ Warehouse Inc (NASDAQ:CHEF) insider Christopher Pappas sold 200,000 shares of Chefs’ Warehouse stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $36.95, for a total value of $7,390,000.00. Following the transaction, the insider now directly owns 3,051,786 shares in the company, valued at $112,763,492.70. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
CHEF traded down $1.27 during midday trading on Friday, hitting $35.06. 226,323 shares of the company were exchanged, compared to its average volume of 244,532. The company has a market capitalization of $1.05 billion, a PE ratio of 79.68, a PEG ratio of 2.36 and a beta of 0.88. Chefs’ Warehouse Inc has a 1-year low of $16.15 and a 1-year high of $39.26. The company has a current ratio of 2.71, a quick ratio of 1.77 and a debt-to-equity ratio of 0.94.
Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Thursday, November 1st. The company reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $361.50 million for the quarter, compared to the consensus estimate of $354.26 million. Chefs’ Warehouse had a return on equity of 7.41% and a net margin of 1.49%. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 EPS. Equities research analysts predict that Chefs’ Warehouse Inc will post 0.78 EPS for the current fiscal year.
Institutional investors and hedge funds have recently made changes to their positions in the business. First Quadrant L P CA acquired a new position in shares of Chefs’ Warehouse in the 3rd quarter valued at about $101,000. Harvest Fund Management Co. Ltd lifted its stake in shares of Chefs’ Warehouse by 194.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,189 shares of the company’s stock valued at $116,000 after purchasing an additional 2,105 shares during the period. First Mercantile Trust Co. acquired a new position in shares of Chefs’ Warehouse in the 2nd quarter valued at about $166,000. BB&T Corp acquired a new position in shares of Chefs’ Warehouse in the 3rd quarter valued at about $234,000. Finally, Royal Bank of Canada lifted its stake in shares of Chefs’ Warehouse by 37.8% in the 1st quarter. Royal Bank of Canada now owns 6,845 shares of the company’s stock valued at $158,000 after purchasing an additional 1,879 shares during the period. 79.84% of the stock is currently owned by hedge funds and other institutional investors.
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About Chefs’ Warehouse
The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 48,000 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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