James Leddy Sells 4,000 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Stock

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) CFO James Leddy sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $48.85, for a total value of $195,400.00. Following the sale, the chief financial officer now owns 145,589 shares of the company’s stock, valued at approximately $7,112,022.65. This trade represents a 2.67 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Chefs’ Warehouse Stock Performance

Chefs’ Warehouse stock opened at $48.75 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06. The Chefs’ Warehouse, Inc. has a 12 month low of $27.64 and a 12 month high of $49.25. The company has a fifty day moving average price of $42.68 and a two-hundred day moving average price of $40.94. The company has a market cap of $1.93 billion, a PE ratio of 42.76 and a beta of 2.33.

Analyst Ratings Changes

Several research firms have recently commented on CHEF. BMO Capital Markets increased their target price on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Jefferies Financial Group increased their price objective on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $50.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC boosted its position in Chefs’ Warehouse by 1,089.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock valued at $27,000 after purchasing an additional 632 shares during the period. Quarry LP acquired a new stake in Chefs’ Warehouse in the second quarter worth $54,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Chefs’ Warehouse in the second quarter valued at $55,000. ORG Partners LLC acquired a new position in shares of Chefs’ Warehouse during the second quarter valued at $122,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Chefs’ Warehouse in the 3rd quarter worth about $130,000. 91.55% of the stock is owned by institutional investors and hedge funds.

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.