Alexandros Aldous Sells 2,191 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Stock

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Alexandros Aldous sold 2,191 shares of the firm’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $40.00, for a total transaction of $87,640.00. Following the completion of the transaction, the general counsel now directly owns 136,477 shares of the company’s stock, valued at $5,459,080. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Chefs’ Warehouse Trading Up 0.1 %

Shares of Chefs’ Warehouse stock opened at $39.11 on Friday. The business has a fifty day simple moving average of $37.86 and a two-hundred day simple moving average of $34.98. The Chefs’ Warehouse, Inc. has a 1 year low of $17.29 and a 1 year high of $40.00. The company has a market capitalization of $1.56 billion, a price-to-earnings ratio of 44.95 and a beta of 2.30. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.92 and a quick ratio of 1.17.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.08. Chefs’ Warehouse had a return on equity of 12.30% and a net margin of 0.98%. The business had revenue of $874.50 million during the quarter, compared to the consensus estimate of $833.25 million. During the same quarter last year, the firm posted $0.12 EPS. The company’s quarterly revenue was up 21.5% on a year-over-year basis. Research analysts forecast that The Chefs’ Warehouse, Inc. will post 1.37 EPS for the current year.

Institutional Investors Weigh In On Chefs’ Warehouse

Hedge funds have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Chefs’ Warehouse by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 392,266 shares of the company’s stock worth $8,308,000 after buying an additional 21,483 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Chefs’ Warehouse by 0.5% during the third quarter. Rhumbline Advisers now owns 105,292 shares of the company’s stock worth $2,230,000 after buying an additional 564 shares in the last quarter. Ancora Advisors LLC acquired a new stake in shares of Chefs’ Warehouse during the third quarter worth $497,000. Littlejohn & Co. LLC acquired a new stake in shares of Chefs’ Warehouse during the third quarter worth $1,632,000. Finally, Kennedy Capital Management LLC lifted its holdings in shares of Chefs’ Warehouse by 22.8% during the third quarter. Kennedy Capital Management LLC now owns 570,584 shares of the company’s stock worth $12,085,000 after buying an additional 105,790 shares in the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.

Analysts Set New Price Targets

CHEF has been the subject of several analyst reports. Benchmark reissued a “buy” rating and issued a $50.00 target price on shares of Chefs’ Warehouse in a research note on Thursday, May 2nd. StockNews.com raised shares of Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd.

About Chefs’ Warehouse

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company's product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.