Chefs’ Warehouse (NASDAQ:CHEF) CAO Tim Mccauley Sells 7,500 Shares

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) CAO Tim Mccauley sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $70.00, for a total transaction of $525,000.00. Following the sale, the chief accounting officer directly owned 44,662 shares of the company’s stock, valued at $3,126,340. The trade was a 14.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Chefs’ Warehouse Trading Down 0.0%

CHEF opened at $72.09 on Friday. The Chefs’ Warehouse, Inc. has a 12-month low of $45.00 and a 12-month high of $73.94. The company has a debt-to-equity ratio of 1.19, a current ratio of 2.05 and a quick ratio of 1.23. The stock has a market capitalization of $2.93 billion, a PE ratio of 43.69 and a beta of 1.30. The firm’s fifty day moving average price is $64.76 and its 200 day moving average price is $62.32.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.06. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.10 billion. Chefs’ Warehouse had a net margin of 1.74% and a return on equity of 14.75%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period last year, the business earned $0.55 EPS. As a group, research analysts expect that The Chefs’ Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Zacks Research downgraded Chefs’ Warehouse from a “hold” rating to a “strong sell” rating in a report on Thursday, January 15th. Benchmark restated a “buy” rating on shares of Chefs’ Warehouse in a research note on Thursday, February 12th. Wolfe Research set a $84.00 target price on shares of Chefs’ Warehouse in a report on Thursday, February 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of Chefs’ Warehouse in a research note on Wednesday, January 21st. Finally, BTIG Research reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Chefs’ Warehouse in a report on Thursday, February 12th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Chefs’ Warehouse has an average rating of “Hold” and an average target price of $77.67.

Hedge Funds Weigh In On Chefs’ Warehouse

A number of institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA increased its position in Chefs’ Warehouse by 6.6% during the third quarter. Massachusetts Financial Services Co. MA now owns 931,671 shares of the company’s stock worth $54,344,000 after acquiring an additional 58,046 shares during the period. Exchange Traded Concepts LLC acquired a new position in Chefs’ Warehouse in the third quarter valued at about $736,000. Summit Creek Advisors LLC bought a new stake in Chefs’ Warehouse during the third quarter worth about $7,431,000. Russell Investments Group Ltd. increased its holdings in shares of Chefs’ Warehouse by 69.1% during the second quarter. Russell Investments Group Ltd. now owns 69,116 shares of the company’s stock worth $4,410,000 after buying an additional 28,253 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its stake in shares of Chefs’ Warehouse by 17.2% in the third quarter. Public Sector Pension Investment Board now owns 141,483 shares of the company’s stock valued at $8,253,000 after acquiring an additional 20,785 shares during the last quarter. Institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Company Profile

Chefs’ Warehouse, Inc is a specialty food distributor that supplies a broad range of high‐end ingredients and culinary products to professional chefs, restaurants, hotels, and other foodservice operators. Headquartered in Maspeth, New York, the company sources its portfolio from local artisans, boutique producers and leading global suppliers. Its core offerings include fresh and frozen proteins, specialty cuts of meat and seafood, handcrafted cheeses and charcuterie, seasonal produce, value‐added preparations, pantry staples and premium desserts and beverages.

The company operates a network of distribution centers strategically located in major metropolitan markets across North America.