The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Alexandros Aldous Sells 2,191 Shares of Stock

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Alexandros Aldous sold 2,191 shares of the stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $40.00, for a total transaction of $87,640.00. Following the sale, the general counsel now owns 136,477 shares in the company, valued at approximately $5,459,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Chefs’ Warehouse Trading Up 0.1 %

Chefs’ Warehouse stock opened at $39.06 on Friday. The firm has a 50 day simple moving average of $37.72 and a 200-day simple moving average of $34.90. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.92 and a quick ratio of 1.17. The stock has a market capitalization of $1.55 billion, a PE ratio of 44.90 and a beta of 2.30. The Chefs’ Warehouse, Inc. has a 12-month low of $17.29 and a 12-month high of $40.00.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, May 1st. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.08. The business had revenue of $874.50 million during the quarter, compared to analysts’ expectations of $833.25 million. Chefs’ Warehouse had a net margin of 0.98% and a return on equity of 12.30%. The business’s revenue was up 21.5% on a year-over-year basis. During the same period last year, the firm posted $0.12 earnings per share. As a group, equities research analysts expect that The Chefs’ Warehouse, Inc. will post 1.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Silvercrest Asset Management Group LLC grew its position in Chefs’ Warehouse by 0.4% in the first quarter. Silvercrest Asset Management Group LLC now owns 553,791 shares of the company’s stock worth $20,856,000 after buying an additional 2,454 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Chefs’ Warehouse by 4.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 31,563 shares of the company’s stock worth $1,189,000 after buying an additional 1,223 shares during the last quarter. Lazard Asset Management LLC grew its position in Chefs’ Warehouse by 86.9% in the first quarter. Lazard Asset Management LLC now owns 159,061 shares of the company’s stock worth $5,990,000 after buying an additional 73,964 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Chefs’ Warehouse by 4.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 41,698 shares of the company’s stock worth $1,569,000 after purchasing an additional 1,585 shares during the period. Finally, UniSuper Management Pty Ltd acquired a new position in Chefs’ Warehouse in the 1st quarter worth approximately $435,000. Institutional investors and hedge funds own 91.55% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Benchmark restated a “buy” rating and issued a $50.00 target price on shares of Chefs’ Warehouse in a research report on Thursday, May 2nd. StockNews.com upgraded shares of Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research report on Thursday, May 2nd.

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.