Chefs’ Warehouse Inc (NASDAQ:CHEF) Vice Chairman Sells $1,638,553.77 in Stock

Chefs’ Warehouse Inc (NASDAQ:CHEF) Vice Chairman John Pappas sold 44,757 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $36.61, for a total value of $1,638,553.77. Following the transaction, the insider now directly owns 1,359,358 shares in the company, valued at approximately $49,766,096.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Chefs’ Warehouse stock traded down $0.10 during trading hours on Wednesday, hitting $36.29. The company’s stock had a trading volume of 237,400 shares, compared to its average volume of 178,248. Chefs’ Warehouse Inc has a twelve month low of $29.56 and a twelve month high of $42.06. The firm has a fifty day moving average of $39.11 and a 200-day moving average of $35.08. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 46.53, a P/E/G ratio of 2.50 and a beta of 0.74. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.40 and a current ratio of 2.28.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.03. Chefs’ Warehouse had a return on equity of 8.55% and a net margin of 1.44%. The business had revenue of $411.40 million for the quarter, compared to analyst estimates of $410.13 million. During the same quarter in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was up 11.1% on a year-over-year basis. On average, sell-side analysts expect that Chefs’ Warehouse Inc will post 1.01 earnings per share for the current fiscal year.



A number of research firms have weighed in on CHEF. ValuEngine lowered Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research raised Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research note on Tuesday, October 1st. TheStreet raised Chefs’ Warehouse from a “c+” rating to a “b-” rating in a research note on Friday, July 5th. Finally, BidaskClub lowered Chefs’ Warehouse from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Chefs’ Warehouse currently has an average rating of “Buy” and an average price target of $37.10.

Several institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue lifted its stake in shares of Chefs’ Warehouse by 148.7% in the 3rd quarter. State of Alaska Department of Revenue now owns 19,542 shares of the company’s stock valued at $787,000 after purchasing an additional 11,685 shares during the last quarter. Atria Investments LLC lifted its stake in shares of Chefs’ Warehouse by 31.3% in the 2nd quarter. Atria Investments LLC now owns 33,308 shares of the company’s stock valued at $1,254,000 after purchasing an additional 7,931 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of Chefs’ Warehouse by 19.5% in the 2nd quarter. Royal Bank of Canada now owns 43,495 shares of the company’s stock valued at $1,526,000 after purchasing an additional 7,090 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Chefs’ Warehouse in the 2nd quarter valued at $5,915,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Chefs’ Warehouse in the 2nd quarter valued at $1,701,000. 83.68% of the stock is currently owned by institutional investors and hedge funds.

Chefs’ Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

Further Reading: Strike Price

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

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