Chefs’ Warehouse (NASDAQ:CHEF) General Counsel Alexandros Aldous Sells 29,500 Shares of Stock

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Alexandros Aldous sold 29,500 shares of the stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $71.22, for a total value of $2,100,990.00. Following the completion of the transaction, the general counsel directly owned 72,017 shares in the company, valued at $5,129,050.74. The trade was a 29.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Chefs’ Warehouse Stock Down 5.2%

Shares of NASDAQ CHEF opened at $62.43 on Wednesday. The firm has a 50 day moving average price of $64.89 and a 200 day moving average price of $62.41. The stock has a market cap of $2.54 billion, a P/E ratio of 37.84 and a beta of 1.26. The Chefs’ Warehouse, Inc. has a 52-week low of $45.00 and a 52-week high of $73.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.23 and a current ratio of 2.05.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, February 11th. The company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.06. Chefs’ Warehouse had a net margin of 1.74% and a return on equity of 14.75%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business earned $0.55 EPS. The firm’s revenue was up 10.5% on a year-over-year basis. Analysts expect that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its stake in shares of Chefs’ Warehouse by 362.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 429,124 shares of the company’s stock valued at $27,382,000 after purchasing an additional 336,357 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Chefs’ Warehouse by 12.2% in the fourth quarter. Wellington Management Group LLP now owns 2,930,463 shares of the company’s stock worth $182,656,000 after purchasing an additional 318,942 shares during the last quarter. Millennium Management LLC grew its stake in shares of Chefs’ Warehouse by 2,871.7% in the fourth quarter. Millennium Management LLC now owns 251,376 shares of the company’s stock worth $15,668,000 after purchasing an additional 242,917 shares during the last quarter. Granite Investment Partners LLC acquired a new stake in Chefs’ Warehouse in the second quarter valued at $13,170,000. Finally, Massachusetts Financial Services Co. MA raised its position in Chefs’ Warehouse by 18.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,104,826 shares of the company’s stock worth $68,864,000 after purchasing an additional 173,155 shares during the last quarter. 91.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

CHEF has been the topic of a number of research reports. BTIG Research restated a “buy” rating and issued a $74.00 price target on shares of Chefs’ Warehouse in a report on Thursday, February 12th. Weiss Ratings raised shares of Chefs’ Warehouse from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. UBS Group raised their price objective on Chefs’ Warehouse from $80.00 to $83.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Wolfe Research set a $84.00 target price on shares of Chefs’ Warehouse in a research note on Thursday, February 12th. Finally, Benchmark restated a “buy” rating on shares of Chefs’ Warehouse in a research note on Thursday, February 12th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $77.67.

About Chefs’ Warehouse

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.