Chefs’ Warehouse Inc (NASDAQ:CHEF) insider Patricia Lecouras sold 7,193 shares of Chefs’ Warehouse stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $34.31, for a total transaction of $246,791.83. Following the completion of the transaction, the insider now owns 47,218 shares in the company, valued at approximately $1,620,049.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Chefs’ Warehouse stock traded up $0.82 during mid-day trading on Friday, hitting $34.66. The company’s stock had a trading volume of 148,095 shares, compared to its average volume of 158,688. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.42 and a current ratio of 2.31. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 44.44, a price-to-earnings-growth ratio of 2.19 and a beta of 0.81. Chefs’ Warehouse Inc has a twelve month low of $26.25 and a twelve month high of $39.26.
Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The business had revenue of $357.03 million during the quarter, compared to analyst estimates of $348.33 million. Chefs’ Warehouse had a return on equity of 8.02% and a net margin of 1.42%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.03 EPS. As a group, equities analysts predict that Chefs’ Warehouse Inc will post 1.03 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Chefs’ Warehouse by 57.0% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,160 shares of the company’s stock worth $67,000 after purchasing an additional 784 shares during the period. Avestar Capital LLC acquired a new position in Chefs’ Warehouse in the 1st quarter worth approximately $77,000. BNP Paribas Arbitrage SA boosted its stake in Chefs’ Warehouse by 1,074.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,520 shares of the company’s stock worth $140,000 after purchasing an additional 4,135 shares during the period. Flinton Capital Management LLC acquired a new position in Chefs’ Warehouse in the 4th quarter worth approximately $155,000. Finally, Neuburgh Advisers LLC acquired a new position in Chefs’ Warehouse in the 4th quarter worth approximately $188,000. Hedge funds and other institutional investors own 83.33% of the company’s stock.
Several research analysts have issued reports on CHEF shares. Barclays restated a “hold” rating on shares of Chefs’ Warehouse in a research report on Sunday, May 5th. BidaskClub upgraded shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. ValuEngine lowered shares of Chefs’ Warehouse from a “strong-buy” rating to a “buy” rating in a research report on Thursday, March 21st. BMO Capital Markets upgraded shares of Chefs’ Warehouse from a “market perform” rating to an “outperform” rating and set a $33.31 price target on the stock in a research report on Wednesday, May 1st. Finally, Zacks Investment Research upgraded shares of Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. Chefs’ Warehouse presently has a consensus rating of “Buy” and an average target price of $33.66.
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About Chefs’ Warehouse
The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.
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