Chefs’ Warehouse (NASDAQ:CHEF) Insider Sells 2,752 Shares

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) insider Christina Polychroni sold 2,752 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $112.00, for a total transaction of $308,224.00. Following the completion of the sale, the insider directly owned 22,014 shares of the company’s stock, valued at $2,465,568. This represents a 11.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Chefs’ Warehouse Trading Down 2.1%

Chefs’ Warehouse stock traded down $2.27 during midday trading on Tuesday, hitting $108.30. 349,342 shares of the stock were exchanged, compared to its average volume of 519,242. The company has a current ratio of 2.15, a quick ratio of 1.31 and a debt-to-equity ratio of 1.07. The stock’s 50-day simple moving average is $99.19 and its 200 day simple moving average is $79.28. The Chefs’ Warehouse, Inc. has a fifty-two week low of $53.20 and a fifty-two week high of $117.33. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 51.57 and a beta of 1.38.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, July 29th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.19. Chefs’ Warehouse had a net margin of 2.09% and a return on equity of 16.95%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the business posted $0.52 EPS. Chefs’ Warehouse’s revenue was up 12.9% on a year-over-year basis. On average, equities analysts anticipate that The Chefs’ Warehouse, Inc. will post 2.37 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in Chefs’ Warehouse by 229.5% during the 4th quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $29,000 after acquiring an additional 319 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in Chefs’ Warehouse by 515.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the company’s stock worth $31,000 after purchasing an additional 438 shares during the period. Global Retirement Partners LLC purchased a new stake in Chefs’ Warehouse during the fourth quarter worth about $31,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Chefs’ Warehouse during the second quarter worth about $34,000. Finally, Osaic Holdings Inc. lifted its position in shares of Chefs’ Warehouse by 30.7% during the second quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock worth $51,000 after purchasing an additional 188 shares in the last quarter. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Zacks Research upgraded Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. TD Cowen upped their price target on Chefs’ Warehouse from $110.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded Chefs’ Warehouse from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. UBS Group increased their price target on Chefs’ Warehouse from $114.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. Finally, Benchmark raised their price objective on Chefs’ Warehouse from $106.00 to $125.00 and gave the stock a “buy” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $107.43.

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.