Chefs’ Warehouse Inc (NASDAQ:CHEF) Vice Chairman John Pappas sold 59,506 shares of the business’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $35.01, for a total value of $2,083,305.06. Following the transaction, the insider now owns 1,305,921 shares of the company’s stock, valued at $45,720,294.21. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Monday, November 5th, John Pappas sold 220 shares of Chefs’ Warehouse stock. The stock was sold at an average price of $35.00, for a total value of $7,700.00.
  • On Friday, November 2nd, John Pappas sold 130,550 shares of Chefs’ Warehouse stock. The stock was sold at an average price of $35.01, for a total value of $4,570,555.50.
  • On Wednesday, October 10th, John Pappas sold 133,843 shares of Chefs’ Warehouse stock. The shares were sold at an average price of $32.61, for a total value of $4,364,620.23.
  • On Monday, October 8th, John Pappas sold 50,000 shares of Chefs’ Warehouse stock. The shares were sold at an average price of $38.07, for a total value of $1,903,500.00.

Shares of CHEF traded down $1.27 on Friday, hitting $35.06. The company’s stock had a trading volume of 226,323 shares, compared to its average volume of 358,558. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.77 and a current ratio of 2.71. Chefs’ Warehouse Inc has a fifty-two week low of $16.15 and a fifty-two week high of $39.26. The firm has a market capitalization of $1.10 billion, a PE ratio of 53.10, a P/E/G ratio of 2.47 and a beta of 0.88.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. Chefs’ Warehouse had a return on equity of 7.41% and a net margin of 1.49%. The business had revenue of $361.50 million during the quarter, compared to analyst estimates of $354.26 million. During the same period in the previous year, the firm earned $0.11 EPS. Chefs’ Warehouse’s quarterly revenue was up 11.2% compared to the same quarter last year. Equities research analysts predict that Chefs’ Warehouse Inc will post 0.78 EPS for the current fiscal year.

CHEF has been the subject of several research analyst reports. Zacks Investment Research upgraded Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Friday, August 3rd. BMO Capital Markets lowered Chefs’ Warehouse from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $34.00 to $38.00 in a research report on Monday, October 1st. They noted that the move was a valuation call. Loop Capital reiterated a “buy” rating and issued a $39.00 price objective on shares of Chefs’ Warehouse in a research report on Friday, November 2nd. Jefferies Financial Group set a $32.00 price objective on Chefs’ Warehouse and gave the company a “buy” rating in a research report on Wednesday, August 1st. Finally, BidaskClub upgraded Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.67.

Several institutional investors and hedge funds have recently modified their holdings of the stock. First Mercantile Trust Co. lifted its stake in Chefs’ Warehouse by 29.6% in the 3rd quarter. First Mercantile Trust Co. now owns 7,559 shares of the company’s stock valued at $275,000 after acquiring an additional 1,727 shares in the last quarter. Rhumbline Advisers lifted its stake in Chefs’ Warehouse by 10.1% in the 2nd quarter. Rhumbline Advisers now owns 20,158 shares of the company’s stock valued at $575,000 after acquiring an additional 1,855 shares in the last quarter. Royal Bank of Canada lifted its stake in Chefs’ Warehouse by 37.8% in the 1st quarter. Royal Bank of Canada now owns 6,845 shares of the company’s stock valued at $158,000 after acquiring an additional 1,879 shares in the last quarter. Harvest Fund Management Co. Ltd lifted its stake in Chefs’ Warehouse by 194.2% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 3,189 shares of the company’s stock valued at $116,000 after acquiring an additional 2,105 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Chefs’ Warehouse by 2.6% in the 2nd quarter. US Bancorp DE now owns 92,352 shares of the company’s stock valued at $2,632,000 after acquiring an additional 2,313 shares in the last quarter. Institutional investors and hedge funds own 79.84% of the company’s stock.

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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 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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