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

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

Chefs’ Warehouse Stock Up 0.1 %

CHEF traded up $0.02 during trading on Thursday, hitting $39.06. 163,346 shares of the company’s stock traded hands, compared to its average volume of 333,056. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 44.75 and a beta of 2.30. The company’s 50 day simple moving average is $37.59 and its two-hundred day simple moving average is $34.87. The Chefs’ Warehouse, Inc. has a 12-month low of $17.29 and a 12-month high of $40.00. The company has a current ratio of 1.92, a quick ratio of 1.17 and a debt-to-equity ratio of 1.49.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.15 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 company had revenue of $874.50 million for the quarter, compared to analysts’ expectations of $833.25 million. During the same period last year, the firm posted $0.12 earnings per share. Chefs’ Warehouse’s revenue was up 21.5% compared to the same quarter last year. Analysts predict that The Chefs’ Warehouse, Inc. will post 1.37 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CHEF shares. StockNews.com upgraded Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Benchmark restated a “buy” rating and set a $50.00 price objective on shares of Chefs’ Warehouse in a research note on Thursday, May 2nd.

Institutional Trading of Chefs’ Warehouse

Large investors have recently made changes to their positions in the stock. Silvercrest Asset Management Group LLC boosted its holdings in Chefs’ Warehouse by 0.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 553,791 shares of the company’s stock worth $20,856,000 after purchasing an additional 2,454 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Chefs’ Warehouse by 4.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 31,563 shares of the company’s stock valued at $1,189,000 after buying an additional 1,223 shares during the period. Lazard Asset Management LLC boosted its stake in shares of Chefs’ Warehouse by 86.9% in the 1st quarter. Lazard Asset Management LLC now owns 159,061 shares of the company’s stock worth $5,990,000 after buying an additional 73,964 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Chefs’ Warehouse by 4.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 41,698 shares of the company’s stock worth $1,569,000 after acquiring an additional 1,585 shares during the period. Finally, UniSuper Management Pty Ltd bought a new stake in shares of Chefs’ Warehouse in the first quarter worth $435,000. 91.55% of the stock is currently owned by institutional investors.

Chefs’ Warehouse Company Profile

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.