Insider Selling: The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Sells $87,640.00 in 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 shares were sold at an average price of $40.00, for a total transaction of $87,640.00. Following the completion of the sale, the general counsel now owns 136,477 shares of the company’s stock, valued at $5,459,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chefs’ Warehouse Price Performance

Chefs’ Warehouse stock opened at $39.11 on Friday. The Chefs’ Warehouse, Inc. has a 12-month low of $17.29 and a 12-month high of $40.00. The stock has a market cap of $1.56 billion, a P/E ratio of 44.95 and a beta of 2.30. The company has a 50-day moving average price of $37.86 and a 200 day moving average price of $35.02. The company has a current ratio of 1.92, a quick ratio of 1.17 and a debt-to-equity ratio of 1.49.

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

Analyst Upgrades and Downgrades

CHEF has been the subject of a number of recent research reports. Benchmark reiterated 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.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CHEF. Charles Schwab Investment Management Inc. boosted its stake in Chefs’ Warehouse by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 392,266 shares of the company’s stock worth $8,308,000 after buying an additional 21,483 shares during the period. Rhumbline Advisers boosted its stake in Chefs’ Warehouse by 0.5% during the third quarter. Rhumbline Advisers now owns 105,292 shares of the company’s stock worth $2,230,000 after buying an additional 564 shares during the period. Ancora Advisors LLC purchased a new position in Chefs’ Warehouse during the third quarter worth about $497,000. Littlejohn & Co. LLC purchased a new position in Chefs’ Warehouse during the third quarter worth about $1,632,000. Finally, Kennedy Capital Management LLC boosted its stake in Chefs’ Warehouse by 22.8% during the third quarter. Kennedy Capital Management LLC now owns 570,584 shares of the company’s stock worth $12,085,000 after buying an additional 105,790 shares during the period. Hedge funds and other institutional investors own 91.55% of the company’s stock.

Chefs’ Warehouse Company Profile

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.