The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) General Counsel Alexandros Aldous sold 5,000 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the sale, the general counsel now owns 114,342 shares of the company's stock, valued at $5,145,390. This represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Chefs' Warehouse Price Performance
CHEF stock opened at $44.95 on Tuesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06. The Chefs' Warehouse, Inc. has a 1 year low of $26.23 and a 1 year high of $45.53. The firm has a 50-day moving average of $41.10 and a 200 day moving average of $40.19. The company has a market cap of $1.78 billion, a P/E ratio of 39.43 and a beta of 2.33.
Institutional Inflows and Outflows
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Several institutional investors have recently made changes to their positions in CHEF. Nisa Investment Advisors LLC grew its stake in Chefs' Warehouse by 1,089.7% in the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company's stock worth $27,000 after purchasing an additional 632 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Chefs' Warehouse by 39.6% during the 2nd quarter. GAMMA Investing LLC now owns 909 shares of the company's stock valued at $36,000 after buying an additional 258 shares in the last quarter. Quarry LP purchased a new stake in shares of Chefs' Warehouse in the 2nd quarter worth about $54,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Chefs' Warehouse in the 2nd quarter worth about $55,000. Finally, ORG Partners LLC purchased a new position in Chefs' Warehouse during the 2nd quarter valued at about $122,000. Institutional investors own 91.55% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have recently weighed in on CHEF shares. Jefferies Financial Group increased their target price on shares of Chefs' Warehouse from $51.00 to $53.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. BMO Capital Markets lifted their price objective on Chefs' Warehouse from $50.00 to $55.00 and gave the stock an "outperform" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $50.50.
Check Out Our Latest Stock Report on Chefs' Warehouse
Chefs' Warehouse Company Profile
(
Get Free Report)
The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company's product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.
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