Chefs’ Warehouse Inc (CHEF) Insider Patricia Lecouras Sells 2,500 Shares

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.

Several hedge funds and other institutional investors have recently made changes to their positions in CHEF. BlackRock Inc. lifted its holdings in shares of Chefs’ Warehouse by 57.5% in the fourth quarter. BlackRock Inc. now owns 3,425,470 shares of the company’s stock valued at $109,546,000 after purchasing an additional 1,250,763 shares in the last quarter. Conestoga Capital Advisors LLC lifted its holdings in shares of Chefs’ Warehouse by 44.6% in the third quarter. Conestoga Capital Advisors LLC now owns 1,708,567 shares of the company’s stock valued at $62,106,000 after purchasing an additional 526,660 shares in the last quarter. Loomis Sayles & Co. L P purchased a new stake in shares of Chefs’ Warehouse in the third quarter valued at about $13,438,000. Morgan Stanley lifted its holdings in shares of Chefs’ Warehouse by 486.0% in the third quarter. Morgan Stanley now owns 403,088 shares of the company’s stock valued at $14,653,000 after purchasing an additional 334,297 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Chefs’ Warehouse by 95.1% in the third quarter. Renaissance Technologies LLC now owns 630,000 shares of the company’s stock valued at $22,901,000 after purchasing an additional 307,100 shares in the last quarter. 77.80% of the stock is currently owned by institutional investors.

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.

Further Reading: Insider Trading – What You Need to Know

Insider Buying and Selling by Quarter for Chefs` Warehouse (NASDAQ:CHEF)

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