Chefs’ Warehouse (NASDAQ:CHEF) Stock: Insider Tim Mccauley Sells 10,000 Shares

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) CAO Tim McCauley sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $107.27, for a total value of $1,072,700.00. Following the completion of the transaction, the chief accounting officer directly owned 38,943 shares in the company, valued at $4,177,415.61. This represents a 20.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chefs’ Warehouse Stock Up 0.6%

NASDAQ:CHEF traded up $0.59 during trading hours on Friday, reaching $106.66. The company had a trading volume of 184,603 shares, compared to its average volume of 472,121. The company has a quick ratio of 1.35, a current ratio of 2.21 and a debt-to-equity ratio of 1.01. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 45.78 and a beta of 1.47. The business’s 50-day simple moving average is $109.21 and its two-hundred day simple moving average is $88.89. The Chefs’ Warehouse, Inc. has a twelve month low of $56.46 and a twelve month high of $118.51.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Wednesday, October 28th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.07. Chefs’ Warehouse had a net margin of 2.27% and a return on equity of 17.48%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The business’s revenue was up 11.2% compared to the same quarter last year. On average, equities analysts expect that The Chefs’ Warehouse, Inc. will post 2.55 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. TD Cowen boosted their target price on Chefs’ Warehouse from $123.00 to $131.00 and gave the company a “buy” rating in a research report on Friday, September 11th. Wall Street Zen raised Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research note on Saturday, July 18th. BTIG Research increased their price target on Chefs’ Warehouse from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. UBS Group raised their price objective on Chefs’ Warehouse from $125.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, October 29th. Finally, Benchmark boosted their price objective on Chefs’ Warehouse from $106.00 to $125.00 and gave the company a “buy” rating in a report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $120.17.

Institutional Trading of Chefs’ Warehouse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHEF. Public Employees Retirement System of Ohio bought a new position in shares of Chefs’ Warehouse in the second quarter valued at approximately $34,000. Reyes Financial Architecture Inc. bought a new stake in Chefs’ Warehouse during the third quarter worth $49,000. Fortitude Family Office LLC grew its holdings in Chefs’ Warehouse by 75.0% during the third quarter. Fortitude Family Office LLC now owns 448 shares of the company’s stock worth $50,000 after buying an additional 192 shares in the last quarter. University of Texas Texas AM Investment Management Co. bought a new stake in Chefs’ Warehouse during the third quarter worth $54,000. Finally, Global Retirement Partners LLC purchased a new stake in Chefs’ Warehouse in the 2nd quarter valued at $48,000. 91.55% of the stock is owned by institutional investors.

About Chefs’ Warehouse

The Chefs’ Warehouse, Inc. is a specialty food distributor serving chefs and other culinary professionals. It supplies restaurants, hotels, country clubs, caterers, culinary schools and specialty food retailers, with a focus on products used in upscale and independent food-service businesses. Its offerings include specialty and artisan foods such as cheese, meat, seafood, produce, oils, vinegars, pastry ingredients and other center-of-the-plate and pantry products. The company also provides related supplies and services, including product sourcing and support for customers’ culinary needs.