Chefs’ Warehouse Inc (NASDAQ:CHEF) Vice Chairman John Pappas sold 133,843 shares of the stock in a transaction on Wednesday, October 10th. The stock was sold at an average price of $32.61, for a total transaction of $4,364,620.23. Following the sale, the insider now directly owns 2,040,921 shares in the company, valued at $66,554,433.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

John Pappas also recently made the following trade(s):

  • On Monday, October 8th, John Pappas sold 50,000 shares of Chefs’ Warehouse stock. The stock was sold at an average price of $38.07, for a total transaction of $1,903,500.00.

Shares of NASDAQ:CHEF opened at $30.56 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.62 and a current ratio of 2.59. Chefs’ Warehouse Inc has a 1-year low of $16.15 and a 1-year high of $39.26. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 69.45, a price-to-earnings-growth ratio of 2.45 and a beta of 0.82.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.02. Chefs’ Warehouse had a net margin of 1.44% and a return on equity of 7.08%. The business had revenue of $370.44 million for the quarter, compared to analysts’ expectations of $360.14 million. During the same quarter last year, the company earned $0.14 EPS. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Chefs’ Warehouse Inc will post 0.78 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in CHEF. Royal Bank of Canada increased its holdings in shares of Chefs’ Warehouse by 37.8% in the 1st quarter. Royal Bank of Canada now owns 6,845 shares of the company’s stock worth $158,000 after acquiring an additional 1,879 shares during the period. Barclays PLC increased its holdings in shares of Chefs’ Warehouse by 127.9% in the 1st quarter. Barclays PLC now owns 7,090 shares of the company’s stock worth $163,000 after acquiring an additional 3,979 shares during the period. First Mercantile Trust Co. acquired a new stake in shares of Chefs’ Warehouse in the 2nd quarter worth about $166,000. Envestnet Asset Management Inc. increased its holdings in shares of Chefs’ Warehouse by 206.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 8,559 shares of the company’s stock worth $197,000 after acquiring an additional 5,769 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Chefs’ Warehouse in the 2nd quarter worth about $203,000. 78.00% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages have weighed in on CHEF. Zacks Investment Research raised shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Friday, August 3rd. BMO Capital Markets set a $34.00 target price on shares of Chefs’ Warehouse and gave the stock a “buy” rating in a report on Thursday, August 2nd. BidaskClub raised shares of Chefs’ Warehouse from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 17th. Barclays reissued a “hold” rating and set a $25.00 target price on shares of Chefs’ Warehouse in a report on Friday, August 3rd. Finally, Loop Capital reissued a “buy” rating on shares of Chefs’ Warehouse in a report on Thursday, August 2nd. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $31.00.

Chefs’ Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 48,000 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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