Christina Polychroni Sells 4,500 Shares of Chefs’ Warehouse (NASDAQ:CHEF) Stock

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) insider Christina Polychroni sold 4,500 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $79.21, for a total value of $356,445.00. Following the transaction, the insider directly owned 24,642 shares in the company, valued at $1,951,892.82. The trade was a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, March 2nd, Christina Polychroni sold 3,317 shares of Chefs’ Warehouse stock. The shares were sold at an average price of $65.45, for a total value of $217,097.65.
• On Friday, February 27th, Christina Polychroni sold 3,084 shares of Chefs’ Warehouse stock. The shares were sold at an average price of $71.33, for a total value of $219,981.72.

Chefs’ Warehouse Price Performance

NASDAQ CHEF opened at $78.08 on Friday. The business’s fifty day moving average price is $67.44 and its 200-day moving average price is $64.78. The stock has a market capitalization of $3.18 billion, a price-to-earnings ratio of 43.38 and a beta of 1.47. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.18 and a quick ratio of 1.33. The Chefs’ Warehouse, Inc. has a 1-year low of $53.20 and a 1-year high of $82.81.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.17. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Chefs’ Warehouse had a return on equity of 15.54% and a net margin of 1.87%.The company’s revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.25 EPS. On average, equities analysts predict that The Chefs’ Warehouse, Inc. will post 2.37 earnings per share for the current year.

Hedge Funds Weigh In On Chefs’ Warehouse

Institutional investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. raised its holdings in Chefs’ Warehouse by 229.5% in the 4th quarter. Hantz Financial Services Inc. now owns 458 shares of the company’s stock worth $29,000 after purchasing an additional 319 shares during the period. Caitong International Asset Management Co. Ltd raised its holdings in Chefs’ Warehouse by 515.3% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the company’s stock worth $31,000 after purchasing an additional 438 shares during the period. Global Retirement Partners LLC purchased a new stake in Chefs’ Warehouse in the 4th quarter worth $31,000. Aster Capital Management DIFC Ltd purchased a new stake in Chefs’ Warehouse in the 3rd quarter worth $39,000. Finally, Osaic Holdings Inc. increased its stake in Chefs’ Warehouse by 30.7% in the 2nd quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock worth $51,000 after buying an additional 188 shares in the last quarter. 91.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CHEF. Weiss Ratings cut Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 1st. Morgan Stanley reissued an “overweight” rating and set a $83.00 price target on shares of Chefs’ Warehouse in a report on Thursday, April 30th. Wall Street Zen raised Chefs’ Warehouse from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. BTIG Research raised their target price on Chefs’ Warehouse from $74.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Zacks Research raised Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $80.83.

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.