The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Alexandros Aldous Sells 5,000 Shares of Stock

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) General Counsel Alexandros Aldous sold 5,000 shares of the business’s stock in a transaction on 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 owns 114,342 shares of the company’s stock, valued at $5,145,390. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Chefs’ Warehouse Price Performance

CHEF opened at $44.95 on Tuesday. 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 stock has a market capitalization of $1.78 billion, a P/E ratio of 39.43 and a beta of 2.33. The stock has a 50-day moving average price of $41.10 and a 200-day moving average price of $40.19. The Chefs’ Warehouse, Inc. has a 12-month low of $26.23 and a 12-month high of $45.53.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CHEF shares. BMO Capital Markets boosted their target price on Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised their target price 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 equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Chefs’ Warehouse has a consensus rating of “Moderate Buy” and a consensus price target of $50.50.

Institutional Trading of Chefs’ Warehouse

A number of hedge funds have recently bought and sold shares of CHEF. Nisa Investment Advisors LLC raised its stake in shares of Chefs’ Warehouse by 1,089.7% during the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock worth $27,000 after acquiring an additional 632 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Chefs’ Warehouse by 39.6% during the 2nd quarter. GAMMA Investing LLC now owns 909 shares of the company’s stock valued at $36,000 after purchasing an additional 258 shares during the last quarter. Quarry LP bought a new stake in Chefs’ Warehouse in the second quarter worth $54,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Chefs’ Warehouse during the second quarter valued at about $55,000. Finally, ORG Partners LLC bought a new position in shares of Chefs’ Warehouse during the second quarter valued at about $122,000. Institutional investors own 91.55% of the company’s stock.

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.