The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Alexandros Aldous Sells 7,809 Shares

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Alexandros Aldous sold 7,809 shares of the company’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $40.00, for a total transaction of $312,360.00. Following the sale, the general counsel now directly owns 129,342 shares in the company, valued at approximately $5,173,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Alexandros Aldous also recently made the following trade(s):

• On Monday, July 8th, Alexandros Aldous sold 10,000 shares of Chefs’ Warehouse stock. The shares were sold at an average price of $42.50, for a total value of $425,000.00.
• On Tuesday, June 25th, Alexandros Aldous sold 2,191 shares of Chefs’ Warehouse stock. The stock was sold at an average price of $40.00, for a total value of $87,640.00.

Chefs’ Warehouse Price Performance

Shares of CHEF opened at $38.81 on Thursday. The stock has a market cap of $1.54 billion, a P/E ratio of 44.61 and a beta of 2.30. The business’s fifty day moving average is $38.94 and its 200 day moving average is $35.66. The company has a quick ratio of 1.17, a current ratio of 1.92 and a debt-to-equity ratio of 1.49. The Chefs’ Warehouse, Inc. has a 12-month low of $17.29 and a 12-month high of $42.80.

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

Analysts Set New Price Targets

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

Institutional Trading of Chefs’ Warehouse

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC grew its holdings in Chefs’ Warehouse by 39.6% during the second 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 bought a new stake in shares of Chefs’ Warehouse in the 1st quarter worth $229,000. Verdence Capital Advisors LLC purchased a new stake in shares of Chefs’ Warehouse in the first quarter valued at about $232,000. ProShare Advisors LLC bought a new position in shares of Chefs’ Warehouse during the first quarter valued at about $267,000. Finally, Everence Capital Management Inc. bought a new stake in Chefs’ Warehouse in the 4th quarter worth about $245,000. 91.55% of the stock is owned by hedge funds and other 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.