Tim Mccauley Sells 17,500 Shares of The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Stock

The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) CAO Tim Mccauley sold 17,500 shares of the company's 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 sale, the chief accounting officer owned 52,050 shares of the company's stock, valued at $3,386,893.50. This represents a 25.16% 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 Stock Down 2.6%

CHEF traded down $1.70 during midday trading on Tuesday, reaching $64.06. The company's stock had a trading volume of 404,325 shares, compared to its average volume of 433,003. The company has a current ratio of 2.05, a quick ratio of 1.27 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of 42.42 and a beta of 1.74. The stock's 50-day moving average is $63.04 and its 200-day moving average is $57.67. The Chefs' Warehouse, Inc. has a 1 year low of $35.59 and a 1 year high of $68.28.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.04. The firm had revenue of $950.75 million during the quarter, compared to analyst estimates of $927.34 million. Chefs' Warehouse had a return on equity of 13.15% and a net margin of 1.65%. Chefs' Warehouse's quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.15 EPS. As a group, research analysts expect that The Chefs' Warehouse, Inc. will post 1.73 EPS for the current year.

Institutional Trading of Chefs' Warehouse

Several institutional investors have recently added to or reduced their stakes in CHEF. Oliver Luxxe Assets LLC bought a new stake in Chefs' Warehouse in the 2nd quarter worth approximately $1,357,000. Contravisory Investment Management Inc. purchased a new position in Chefs' Warehouse during the second quarter valued at $255,000. Voya Investment Management LLC lifted its position in shares of Chefs' Warehouse by 23.9% during the 1st quarter. Voya Investment Management LLC now owns 23,772 shares of the company's stock valued at $1,295,000 after buying an additional 4,586 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Chefs' Warehouse by 1.7% in the first quarter. Rhumbline Advisers now owns 95,003 shares of the company's stock valued at $5,174,000 after acquiring an additional 1,623 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Chefs' Warehouse during the first quarter worth $98,000. 91.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CHEF has been the topic of a number of analyst reports. Benchmark restated a "buy" rating and issued a $68.00 price objective on shares of Chefs' Warehouse in a research report on Monday, March 17th. UBS Group lifted their price objective on Chefs' Warehouse from $67.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. BTIG Research restated a "buy" rating on shares of Chefs' Warehouse in a report on Friday, May 23rd. Finally, Wall Street Zen raised shares of Chefs' Warehouse from a "hold" rating to a "buy" rating in a research report on Saturday, June 21st. Seven equities 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 target price of $67.40.

Chefs' Warehouse Company Profile

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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