Insider Selling: The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) CFO Sells 4,000 Shares of Stock

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

Chefs’ Warehouse Trading Up 0.1 %

NASDAQ:CHEF traded up $0.03 during mid-day trading on Friday, hitting $48.75. 337,565 shares of the company’s stock were exchanged, compared to its average volume of 343,263. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. The Chefs’ Warehouse, Inc. has a fifty-two week low of $27.64 and a fifty-two week high of $49.25. The company has a 50 day simple moving average of $42.51 and a 200-day simple moving average of $40.87. The firm has a market capitalization of $1.93 billion, a P/E ratio of 42.74 and a beta of 2.33.

Institutional Trading of Chefs’ Warehouse

Several institutional investors have recently modified their holdings of CHEF. ORG Partners LLC acquired a new position in Chefs’ Warehouse during the 2nd quarter worth about $122,000. Assenagon Asset Management S.A. boosted its holdings in Chefs’ Warehouse by 178.3% in the second quarter. Assenagon Asset Management S.A. now owns 32,577 shares of the company’s stock valued at $1,274,000 after acquiring an additional 20,871 shares during the last quarter. Nisa Investment Advisors LLC increased 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. Louisiana State Employees Retirement System raised its holdings in Chefs’ Warehouse by 1.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock worth $696,000 after purchasing an additional 300 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Chefs’ Warehouse by 2.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 270,208 shares of the company’s stock worth $10,568,000 after purchasing an additional 5,612 shares during the period. Institutional investors own 91.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CHEF. BMO Capital Markets increased their price objective on shares of 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 raised their price objective on Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Chefs’ Warehouse has an average rating of “Moderate Buy” and an average target price 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.