The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Alexandros Aldous Sells 5,000 Shares

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Alexandros Aldous sold 5,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the transaction, the general counsel now directly owns 114,342 shares of the company’s stock, valued at $5,145,390. The trade was a 4.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Chefs’ Warehouse Stock Performance

Shares of Chefs’ Warehouse stock opened at $45.00 on Wednesday. The business’s 50 day moving average price is $41.10 and its 200 day moving average price is $40.19. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 39.47 and a beta of 2.33. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.85. The Chefs’ Warehouse, Inc. has a one year low of $26.23 and a one year high of $45.53.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CHEF. Nisa Investment Advisors LLC grew its holdings in shares of Chefs’ Warehouse by 1,089.7% in the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock valued at $27,000 after purchasing an additional 632 shares during the period. GAMMA Investing LLC boosted its holdings in Chefs’ Warehouse by 39.6% in the 2nd quarter. GAMMA Investing LLC now owns 909 shares of the company’s stock valued at $36,000 after purchasing an additional 258 shares during the last quarter. Quarry LP purchased a new stake in shares of Chefs’ Warehouse in the 2nd quarter valued at approximately $54,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Chefs’ Warehouse during the 2nd quarter worth approximately $55,000. Finally, ORG Partners LLC purchased a new stake in shares of Chefs’ Warehouse during the 2nd quarter valued at approximately $122,000. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on CHEF shares. BMO Capital Markets increased their price objective on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group increased their target price on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Chefs’ Warehouse presently has an average rating of “Moderate Buy” and an average target price of $50.50.

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.