The Chefs' Warehouse, Inc. (NASDAQ:CHEF) CAO Sells $1,138,725.00 in Stock

The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) CAO Tim Mccauley sold 17,500 shares of Chefs' Warehouse stock in a transaction on Monday, July 14th. The shares were sold at an average price of $65.07, for a total transaction of $1,138,725.00. Following the completion of the transaction, the chief accounting officer directly owned 52,050 shares of the company's stock, valued at $3,386,893.50. The trade was a 25.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Chefs' Warehouse Stock Down 1.9%

CHEF traded down $1.27 during trading hours on Friday, hitting $65.04. 140,127 shares of the company's stock were exchanged, compared to its average volume of 433,685. The Chefs' Warehouse, Inc. has a 12-month low of $35.59 and a 12-month high of $68.28. The firm has a 50 day moving average of $63.33 and a 200 day moving average of $58.00. The firm has a market cap of $2.65 billion, a P/E ratio of 43.07 and a beta of 1.74. The company has a current ratio of 2.05, a quick ratio of 1.27 and a debt-to-equity ratio of 1.26.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.04. Chefs' Warehouse had a net margin of 1.65% and a return on equity of 13.15%. The firm had revenue of $950.75 million during the quarter, compared to the consensus estimate of $927.34 million. During the same period last year, the firm posted $0.15 EPS. The firm's revenue for the quarter was up 8.7% on a year-over-year basis. Analysts predict that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Chefs' Warehouse

Several hedge funds have recently added to or reduced their stakes in CHEF. CWM LLC lifted its position in Chefs' Warehouse by 50.6% during the first quarter. CWM LLC now owns 542 shares of the company's stock valued at $30,000 after buying an additional 182 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Chefs' Warehouse during the first quarter worth about $37,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Chefs' Warehouse in the 1st quarter valued at about $46,000. GAMMA Investing LLC grew its position in Chefs' Warehouse by 27.9% in the 1st quarter. GAMMA Investing LLC now owns 1,537 shares of the company's stock valued at $84,000 after buying an additional 335 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Chefs' Warehouse during the first quarter valued at approximately $98,000. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CHEF shares. UBS Group lifted their target price on shares of Chefs' Warehouse from $67.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. BTIG Research reiterated a "buy" rating on shares of Chefs' Warehouse in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $67.40.

About Chefs' Warehouse

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.