Key Points
- CAO Tim McCauley sold 7,500 shares on Feb. 18 at an average price of $70 for proceeds of $525,000, trimming his position by 14.38% to 44,662 shares valued at about $3.13 million, per an SEC filing.
- Chefs' Warehouse beat Q4 estimates with $0.68 EPS (vs. $0.62) and $1.14B in revenue, up 10.5% year-over-year; the stock trades near $71 with a $2.9B market cap and a consensus analyst price target of $77.67 amid mixed ratings.
The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) CAO Tim Mccauley sold 7,500 shares of the company's stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $70.00, for a total value of $525,000.00. Following the completion of the sale, the chief accounting officer directly owned 44,662 shares in the company, valued at $3,126,340. This trade represents a 14.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Chefs' Warehouse Trading Down 1.0%
NASDAQ:CHEF opened at $71.39 on Friday. The company has a market capitalization of $2.90 billion, a PE ratio of 43.27 and a beta of 1.30. The Chefs' Warehouse, Inc. has a 52-week low of $45.00 and a 52-week high of $73.94. The stock has a fifty day simple moving average of $64.90 and a 200-day simple moving average of $62.38. The company has a quick ratio of 1.23, a current ratio of 2.05 and a debt-to-equity ratio of 1.19.
Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its earnings results on Wednesday, February 11th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. Chefs' Warehouse had a net margin of 1.74% and a return on equity of 14.75%. The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period last year, the firm posted $0.55 EPS. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. On average, equities research analysts expect that The Chefs' Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
CHEF has been the topic of a number of recent research reports. BTIG Research restated a "buy" rating and issued a $74.00 target price on shares of Chefs' Warehouse in a report on Thursday, February 12th. Weiss Ratings reissued a "hold (c+)" rating on shares of Chefs' Warehouse in a research note on Wednesday, January 21st. Zacks Research cut shares of Chefs' Warehouse from a "hold" rating to a "strong sell" rating in a research note on Thursday, January 15th. Benchmark reissued a "buy" rating on shares of Chefs' Warehouse in a research note on Thursday, February 12th. Finally, UBS Group raised their price objective on Chefs' Warehouse from $80.00 to $83.00 and gave the stock a "buy" rating in a report on Wednesday, January 14th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $77.67.
View Our Latest Report on Chefs' Warehouse
Hedge Funds Weigh In On Chefs' Warehouse
Large investors have recently modified their holdings of the company. nVerses Capital LLC purchased a new stake in shares of Chefs' Warehouse during the 4th quarter worth about $251,000. Wellington Management Group LLP lifted its position in Chefs' Warehouse by 12.2% during the fourth quarter. Wellington Management Group LLP now owns 2,930,463 shares of the company's stock valued at $182,656,000 after buying an additional 318,942 shares in the last quarter. Susquehanna Portfolio Strategies LLC grew its stake in Chefs' Warehouse by 1,027.8% during the fourth quarter. Susquehanna Portfolio Strategies LLC now owns 51,091 shares of the company's stock worth $3,185,000 after buying an additional 46,561 shares during the period. Odyssean LLC acquired a new stake in shares of Chefs' Warehouse in the fourth quarter worth $746,000. Finally, Millennium Management LLC raised its stake in shares of Chefs' Warehouse by 2,871.7% in the 4th quarter. Millennium Management LLC now owns 251,376 shares of the company's stock valued at $15,668,000 after acquiring an additional 242,917 shares during the period. 91.55% of the stock is currently owned by hedge funds and other institutional investors.
About Chefs' Warehouse
(
Get Free Report)
Chefs' Warehouse, Inc is a specialty food distributor that supplies a broad range of high‐end ingredients and culinary products to professional chefs, restaurants, hotels, and other foodservice operators. Headquartered in Maspeth, New York, the company sources its portfolio from local artisans, boutique producers and leading global suppliers. Its core offerings include fresh and frozen proteins, specialty cuts of meat and seafood, handcrafted cheeses and charcuterie, seasonal produce, value‐added preparations, pantry staples and premium desserts and beverages.
The company operates a network of distribution centers strategically located in major metropolitan markets across North America.
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