The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Sells $225,000.00 in Stock

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Alexandros Aldous sold 5,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $45.00, for a total transaction of $225,000.00. Following the transaction, the general counsel now directly owns 114,342 shares of the company’s stock, valued at $5,145,390. The trade was a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Chefs’ Warehouse Price Performance

NASDAQ CHEF opened at $44.56 on Thursday. The Chefs’ Warehouse, Inc. has a 12 month low of $26.23 and a 12 month high of $45.53. The firm has a market capitalization of $1.76 billion, a PE ratio of 38.93 and a beta of 2.33. The company’s 50 day simple moving average is $41.17 and its 200 day simple moving average is $40.24. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06.

Hedge Funds Weigh In On Chefs’ Warehouse

Several hedge funds have recently modified their holdings of CHEF. WCM Investment Management LLC acquired a new stake in shares of Chefs’ Warehouse in the third quarter valued at $7,680,000. Lazard Asset Management LLC lifted its holdings in Chefs’ Warehouse by 86.9% in the 1st quarter. Lazard Asset Management LLC now owns 159,061 shares of the company’s stock valued at $5,990,000 after acquiring an additional 73,964 shares during the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of Chefs’ Warehouse by 333.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 94,264 shares of the company’s stock valued at $3,687,000 after purchasing an additional 72,540 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Chefs’ Warehouse by 584.7% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 49,437 shares of the company’s stock worth $1,933,000 after purchasing an additional 59,637 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Chefs’ Warehouse by 11.8% in the 2nd quarter. Victory Capital Management Inc. now owns 496,345 shares of the company’s stock worth $19,412,000 after purchasing an additional 52,246 shares in the last quarter. 91.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CHEF. Jefferies Financial Group boosted their price objective on Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. BMO Capital Markets boosted their price target 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 given a buy rating to the company. According to data from MarketBeat, Chefs’ Warehouse presently has an average rating of “Moderate Buy” and an average price target of $50.50.

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.