Key Points
- Insider sale: Chefs' Warehouse insider Christina Polychroni sold 4,500 shares on May 19 at an average price of $79.21, totaling $356,445. After the sale, she still owned 24,642 shares.
- Recent trading activity: Polychroni also sold shares earlier in March, including 3,317 shares on March 2 and 3,084 shares on February 27, indicating a pattern of insider selling in recent months.
- Business and stock backdrop: Chefs' Warehouse recently beat earnings and revenue expectations, while analysts maintain a Moderate Buy consensus with an average price target of $80.83. The stock was up 0.4% and was trading near its 52-week high.
The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) insider Christina Polychroni sold 4,500 shares of Chefs' Warehouse stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $79.21, for a total value of $356,445.00. Following the completion of the sale, the insider directly owned 24,642 shares of the company's stock, valued at $1,951,892.82. This trade represents a 15.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Christina Polychroni also recently made the following trade(s):
- On Monday, March 2nd, Christina Polychroni sold 3,317 shares of Chefs' Warehouse stock. The shares were sold at an average price of $65.45, for a total value of $217,097.65.
- On Friday, February 27th, Christina Polychroni sold 3,084 shares of Chefs' Warehouse stock. The shares were sold at an average price of $71.33, for a total value of $219,981.72.
Chefs' Warehouse Stock Up 0.4%
NASDAQ CHEF opened at $77.34 on Thursday. The stock has a fifty day moving average of $67.16 and a 200-day moving average of $64.64. The stock has a market capitalization of $3.15 billion, a P/E ratio of 42.97 and a beta of 1.47. The Chefs' Warehouse, Inc. has a 52 week low of $53.20 and a 52 week high of $82.81. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.33 and a current ratio of 2.18.
Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last released its earnings results on Wednesday, April 29th. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.23 by $0.17. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.01 billion. Chefs' Warehouse had a return on equity of 15.54% and a net margin of 1.87%.The business's revenue for the quarter was up 11.4% on a year-over-year basis. During the same period last year, the firm earned $0.25 EPS. On average, equities research analysts forecast that The Chefs' Warehouse, Inc. will post 2.37 EPS for the current year.
Institutional Investors Weigh In On Chefs' Warehouse
A number of institutional investors have recently made changes to their positions in CHEF. Hantz Financial Services Inc. grew its stake in shares of Chefs' Warehouse by 229.5% during the fourth quarter. Hantz Financial Services Inc. now owns 458 shares of the company's stock worth $29,000 after purchasing an additional 319 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Chefs' Warehouse by 515.3% during the third quarter. Caitong International Asset Management Co. Ltd now owns 523 shares of the company's stock worth $31,000 after purchasing an additional 438 shares during the period. Global Retirement Partners LLC acquired a new position in Chefs' Warehouse in the fourth quarter valued at about $31,000. Aster Capital Management DIFC Ltd acquired a new position in Chefs' Warehouse in the third quarter valued at about $39,000. Finally, Osaic Holdings Inc. grew its stake in Chefs' Warehouse by 30.7% in the second quarter. Osaic Holdings Inc. now owns 800 shares of the company's stock valued at $51,000 after acquiring an additional 188 shares during the period. 91.55% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have recently commented on CHEF. Weiss Ratings cut Chefs' Warehouse from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, May 1st. Morgan Stanley reaffirmed an "overweight" rating and set a $83.00 price objective on shares of Chefs' Warehouse in a research note on Thursday, April 30th. BTIG Research lifted their price objective on Chefs' Warehouse from $74.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, April 30th. Zacks Research raised Chefs' Warehouse from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, May 12th. Finally, Wall Street Zen raised Chefs' Warehouse from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $80.83.
View Our Latest Stock Report on CHEF
Chefs' Warehouse Company Profile
(
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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