The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Get Free Report) insider Christina Polychroni sold 4,500 shares of Chefs’ Warehouse stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $79.21, for a total value of $356,445.00. Following the sale, the insider directly owned 24,642 shares in the company, valued at $1,951,892.82. The trade was a 15.44% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Christina Polychroni also recently made the following trade(s):
- On Monday, March 2nd, Christina Polychroni sold 3,317 shares of Chefs’ Warehouse stock. The stock was sold at an average price of $65.45, for a total value of $217,097.65.
- On Friday, February 27th, Christina Polychroni sold 3,084 shares of Chefs’ Warehouse stock. The stock was sold at an average price of $71.33, for a total value of $219,981.72.
Chefs’ Warehouse Price Performance
Shares of NASDAQ:CHEF opened at $77.34 on Thursday. The Chefs’ Warehouse, Inc. has a 1-year low of $53.20 and a 1-year high of $82.81. The firm has a market capitalization of $3.15 billion, a PE ratio of 42.97 and a beta of 1.47. The business’s 50 day moving average is $67.16 and its 200-day moving average is $64.64. The company has a current ratio of 2.18, a quick ratio of 1.33 and a debt-to-equity ratio of 1.18.
Hedge Funds Weigh In On Chefs’ Warehouse
Several institutional investors have recently bought and sold shares of CHEF. AQR Capital Management LLC bought a new position in Chefs’ Warehouse in the 1st quarter valued at $352,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Chefs’ Warehouse by 6.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,152 shares of the company’s stock valued at $1,152,000 after purchasing an additional 1,247 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Chefs’ Warehouse by 50.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 130,382 shares of the company’s stock valued at $7,101,000 after purchasing an additional 43,593 shares during the last quarter. Strs Ohio bought a new position in Chefs’ Warehouse in the 1st quarter valued at $98,000. Finally, Marshall Wace LLP bought a new position in Chefs’ Warehouse in the 2nd quarter valued at $243,000. Institutional investors own 91.55% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently commented on the company. Morgan Stanley restated an “overweight” rating and set a $83.00 target price on shares of Chefs’ Warehouse in a research report on Thursday, April 30th. BTIG Research raised their target price on Chefs’ Warehouse from $74.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Zacks Research upgraded Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. UBS Group cut their target price on Chefs’ Warehouse from $83.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday, April 23rd. Finally, Weiss Ratings downgraded Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Chefs’ Warehouse has a consensus rating of “Moderate Buy” and a consensus target price of $80.83.
Check Out Our Latest Stock Report on Chefs’ Warehouse
About Chefs’ Warehouse
Chefs’ Warehouse, Inc is a specialty food distributor that supplies a broad range of high‐end ingredients and culinary products to professional chefs, restaurants, hotels, and other foodservice operators. Headquartered in Maspeth, New York, the company sources its portfolio from local artisans, boutique producers and leading global suppliers. Its core offerings include fresh and frozen proteins, specialty cuts of meat and seafood, handcrafted cheeses and charcuterie, seasonal produce, value‐added preparations, pantry staples and premium desserts and beverages.
The company operates a network of distribution centers strategically located in major metropolitan markets across North America.
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