Chefs’ Warehouse (NASDAQ:CHEF) Hits New 52-Week High at $40.24

Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) hit a new 52-week high during trading on Wednesday . The company traded as high as $40.24 and last traded at $39.97, with a volume of 50601 shares traded. The stock had previously closed at $39.78.

Wall Street Analysts Forecast Growth

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

Chefs’ Warehouse Stock Up 2.8 %

The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 45.72 and a beta of 2.30. The business has a fifty day simple moving average of $38.11 and a two-hundred day simple moving average of $35.21. The company has a quick ratio of 1.17, a current ratio of 1.92 and a debt-to-equity ratio of 1.49.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results 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 business had revenue of $874.50 million for the quarter, compared to analyst estimates of $833.25 million. During the same quarter in the previous year, the firm earned $0.12 EPS. Chefs’ Warehouse’s quarterly revenue was up 21.5% on a year-over-year basis. Equities analysts expect that The Chefs’ Warehouse, Inc. will post 1.37 EPS for the current year.

Insider Transactions at Chefs’ Warehouse

In other news, General Counsel Alexandros Aldous sold 2,191 shares of the firm’s stock in a transaction that occurred 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 sale, the general counsel now owns 136,477 shares of the company’s stock, valued at $5,459,080. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 12.90% of the stock is owned by insiders.

Institutional Trading of Chefs’ Warehouse

Large investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in Chefs’ Warehouse by 39.6% during the 2nd quarter. GAMMA Investing LLC now owns 909 shares of the company’s stock worth $36,000 after buying an additional 258 shares in the last quarter. Mutual of America Capital Management LLC acquired a new position in shares of Chefs’ Warehouse during the first quarter worth approximately $229,000. Verdence Capital Advisors LLC bought a new stake in shares of Chefs’ Warehouse during the first quarter valued at approximately $232,000. Everence Capital Management Inc. acquired a new stake in shares of Chefs’ Warehouse in the fourth quarter valued at approximately $245,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Chefs’ Warehouse by 19.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,358 shares of the company’s stock worth $246,000 after purchasing an additional 1,374 shares during the last quarter. Institutional investors own 91.55% of the company’s stock.

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.