Insider Selling: Chefs’ Warehouse Inc (CHEF) Director Sells 9,000 Shares of Stock

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.

A number of analysts have recently weighed in on CHEF shares. Zacks Investment Research raised Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Friday, August 3rd. BMO Capital Markets cut Chefs’ Warehouse from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $34.00 to $38.00 in a research report on Monday, October 1st. They noted that the move was a valuation call. Loop Capital reissued a “buy” rating and issued a $39.00 price objective on shares of Chefs’ Warehouse in a research report on Friday, November 2nd. Jefferies Financial Group set a $32.00 price objective on Chefs’ Warehouse and gave the stock a “buy” rating in a research report on Wednesday, August 1st. Finally, BidaskClub raised Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research report on Saturday, November 17th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $32.67.

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.

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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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Insider Buying and Selling by Quarter for Chefs` Warehouse (NASDAQ:CHEF)

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