Chefs’ Warehouse Inc (NASDAQ:CHEF) Director John A. Couri sold 9,000 shares of the firm’s stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $36.01, for a total value of $324,090.00. Following the completion of the sale, the director now directly owns 16,007 shares of the company’s stock, valued at approximately $576,412.07. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of Chefs’ Warehouse stock traded up $0.33 during trading on Monday, reaching $36.50. The company’s stock had a trading volume of 200,600 shares, compared to its average volume of 243,426. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.71 and a quick ratio of 1.77. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 82.95, a PEG ratio of 2.44 and a beta of 0.88. Chefs’ Warehouse Inc has a 1-year low of $18.15 and a 1-year high of $39.26.
Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.19 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.19. Chefs’ Warehouse had a return on equity of 7.41% and a net margin of 1.49%. The company had revenue of $361.50 million during the quarter, compared to analysts’ expectations of $354.26 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm’s revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts anticipate that Chefs’ Warehouse Inc will post 0.78 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. AGF Investments Inc. lifted its position in Chefs’ Warehouse by 24.9% during the 2nd quarter. AGF Investments Inc. now owns 125,600 shares of the company’s stock worth $3,580,000 after acquiring an additional 25,000 shares during the period. Cadence Capital Management LLC raised its stake in shares of Chefs’ Warehouse by 33.8% during the 2nd quarter. Cadence Capital Management LLC now owns 75,454 shares of the company’s stock valued at $2,150,000 after buying an additional 19,076 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Chefs’ Warehouse during the 2nd quarter valued at about $212,000. Hennessy Advisors Inc. purchased a new position in shares of Chefs’ Warehouse during the 3rd quarter valued at about $4,344,000. Finally, Renaissance Technologies LLC raised its stake in shares of Chefs’ Warehouse by 33.9% during the 2nd quarter. Renaissance Technologies LLC now owns 322,900 shares of the company’s stock valued at $9,203,000 after buying an additional 81,700 shares during the last quarter. 80.46% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: This news story was published by WKRB News and is owned by of WKRB News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.wkrb13.com/2018/11/27/insider-selling-chefs-warehouse-inc-chef-director-sells-9000-shares-of-stock.html.
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.
Featured Story: How to use beta for portfolio diversification
Receive News & Ratings for Chefs' Warehouse Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chefs' Warehouse and related companies with MarketBeat.com's FREE daily email newsletter.