Chefs’ Warehouse (NASDAQ:CHEF) Insider Sells $356,445.00 in Stock

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) insider Christina Polychroni sold 4,500 shares of Chefs’ Warehouse stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $79.21, for a total transaction of $356,445.00. Following the completion of the transaction, the insider owned 24,642 shares of the company’s stock, valued at $1,951,892.82. This represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Christina Polychroni also recently made the following trade(s):

• On Monday, March 2nd, Christina Polychroni sold 3,317 shares of Chefs’ Warehouse stock. The shares were sold at an average price of $65.45, for a total transaction of $217,097.65.
• On Friday, February 27th, Christina Polychroni sold 3,084 shares of Chefs’ Warehouse stock. The shares were sold at an average price of $71.33, for a total transaction of $219,981.72.

Chefs’ Warehouse Stock Performance

Chefs’ Warehouse stock traded up $0.27 during mid-day trading on Wednesday, reaching $77.34. The company’s stock had a trading volume of 400,722 shares, compared to its average volume of 470,900. The Chefs’ Warehouse, Inc. has a 12-month low of $53.20 and a 12-month high of $82.81. The company has a market capitalization of $3.15 billion, a P/E ratio of 42.97 and a beta of 1.47. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.33 and a current ratio of 2.18. The firm’s fifty day moving average price is $66.88 and its two-hundred day moving average price is $64.52.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.17. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.01 billion. Chefs’ Warehouse had a net margin of 1.87% and a return on equity of 15.54%. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 EPS. Sell-side analysts predict that The Chefs’ Warehouse, Inc. will post 2.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on CHEF. Zacks Research upgraded shares of Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Weiss Ratings lowered shares of Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Wall Street Zen upgraded shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Morgan Stanley restated an “overweight” rating and set a $83.00 price target on shares of Chefs’ Warehouse in a research report on Thursday, April 30th. Finally, Benchmark boosted their price target on shares of Chefs’ Warehouse from $84.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.83.

Institutional Trading of Chefs’ Warehouse

Hedge funds have recently added to or reduced their stakes in the business. Hantz Financial Services Inc. lifted its stake in Chefs’ Warehouse by 229.5% in the fourth quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $29,000 after purchasing an additional 319 shares during the last quarter. Global Retirement Partners LLC bought a new stake in Chefs’ Warehouse in the fourth quarter worth $31,000. Caitong International Asset Management Co. Ltd lifted its stake in Chefs’ Warehouse by 515.3% in 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 last quarter. Aster Capital Management DIFC Ltd bought a new stake in Chefs’ Warehouse in the third quarter worth $39,000. Finally, Osaic Holdings Inc. lifted its stake in Chefs’ Warehouse by 30.7% in the second quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock worth $51,000 after purchasing an additional 188 shares during the last quarter. 91.55% of the stock is owned by institutional investors.

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.