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 business’s 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 directly owns 145,589 shares in the company, valued at $7,112,022.65. This represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Chefs’ Warehouse Stock Up 0.1 %

CHEF stock traded up $0.03 during trading on Friday, reaching $48.75. 337,565 shares of the stock were exchanged, compared to its average volume of 343,263. The firm’s 50 day moving average is $42.51 and its 200 day moving average is $40.87. The firm has a market cap of $1.93 billion, a P/E ratio of 42.74 and a beta of 2.33. 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 twelve month low of $27.64 and a twelve month high of $49.25.

Hedge Funds Weigh In On Chefs’ Warehouse

A number of institutional investors have recently modified their holdings of CHEF. Nisa Investment Advisors LLC increased its stake 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 in the last quarter. Quarry LP acquired a new position in shares of Chefs’ Warehouse during the second quarter valued at about $54,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Chefs’ Warehouse during the second quarter worth about $55,000. ORG Partners LLC acquired a new stake in shares of Chefs’ Warehouse in the 2nd quarter worth about $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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CHEF shares. Jefferies Financial Group lifted their target price on Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. BMO Capital Markets lifted 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $50.50.

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.