Chefs’ Warehouse (NASDAQ:CHEF) Insider Christina Polychroni Sells 3,084 Shares

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) insider Christina Polychroni sold 3,084 shares of the company’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $71.33, for a total value of $219,981.72. Following the transaction, the insider directly owned 33,864 shares in the company, valued at $2,415,519.12. This represents a 8.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Christina Polychroni also recently made the following trade(s):

• On Monday, March 2nd, Christina Polychroni sold 3,317 shares of Chefs’ Warehouse stock. The stock was sold at an average price of $65.45, for a total value of $217,097.65.

Chefs’ Warehouse Stock Performance

Chefs’ Warehouse stock traded down $3.39 during midday trading on Tuesday, reaching $62.43. The stock had a trading volume of 1,063,010 shares, compared to its average volume of 431,987. The firm has a market capitalization of $2.54 billion, a PE ratio of 37.84 and a beta of 1.26. The Chefs’ Warehouse, Inc. has a 12 month low of $45.00 and a 12 month high of $73.94. The company has a quick ratio of 1.23, a current ratio of 2.05 and a debt-to-equity ratio of 1.19. The firm’s 50-day moving average price is $64.89 and its 200 day moving average price is $62.41.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results 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 firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. Chefs’ Warehouse had a net margin of 1.74% and a return on equity of 14.75%. The company’s revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. As a group, research analysts predict that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chefs’ Warehouse

A number of institutional investors have recently added to or reduced their stakes in CHEF. Hantz Financial Services Inc. raised its holdings in shares of Chefs’ Warehouse by 229.5% in the 4th quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock valued at $29,000 after acquiring an additional 319 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Chefs’ Warehouse in the fourth quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd raised its stake in Chefs’ Warehouse by 515.3% in the third quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the company’s stock valued at $31,000 after purchasing an additional 438 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in Chefs’ Warehouse in the third quarter valued at approximately $39,000. Finally, Osaic Holdings Inc. lifted its position in Chefs’ Warehouse by 30.7% during the second quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock valued at $51,000 after purchasing an additional 188 shares during the last quarter. 91.55% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. BTIG Research reaffirmed a “buy” rating and issued a $74.00 price target on shares of Chefs’ Warehouse in a report on Thursday, February 12th. Zacks Research downgraded Chefs’ Warehouse from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 15th. Wolfe Research set a $84.00 target price on Chefs’ Warehouse in a report on Thursday, February 12th. Benchmark reiterated a “buy” rating on shares of Chefs’ Warehouse in a research report on Thursday, February 12th. Finally, Weiss Ratings upgraded shares of Chefs’ Warehouse from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Chefs’ Warehouse has a consensus rating of “Moderate Buy” and a consensus price target of $77.67.

About Chefs’ Warehouse

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.