Chefs’ Warehouse Inc (NASDAQ:CHEF) insider Patricia Lecouras sold 2,500 shares of the business’s stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $36.07, for a total transaction of $90,175.00. Following the sale, the insider now directly owns 41,561 shares in the company, valued at approximately $1,499,105.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NASDAQ CHEF traded down $2.43 on Thursday, hitting $34.23. The company’s stock had a trading volume of 570,440 shares, compared to its average volume of 182,108. Chefs’ Warehouse Inc has a 12-month low of $19.35 and a 12-month high of $39.26. The company has a market capitalization of $1.09 billion, a PE ratio of 77.80, a price-to-earnings-growth ratio of 1.78 and a beta of 0.80. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.71 and a quick ratio of 1.77.
Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, February 13th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. Chefs’ Warehouse had a net margin of 1.49% and a return on equity of 7.41%. The company had revenue of $394.07 million for the quarter, compared to the consensus estimate of $384.54 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, analysts forecast that Chefs’ Warehouse Inc will post 0.78 EPS for the current fiscal year.
A number of analysts recently commented on the stock. BidaskClub downgraded shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. Zacks Investment Research downgraded shares of Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Thursday, January 3rd. Finally, Loop Capital boosted their price objective on shares of Chefs’ Warehouse to $39.00 and gave the stock a “positive” rating in a report on Wednesday, October 24th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $32.67.
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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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