Insider Buying: The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Director Purchases $20,109.60 in Stock

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Director Katherine Oliver acquired 855 shares of the business’s stock in a transaction dated Friday, November 10th. The stock was acquired at an average cost of $23.52 per share, with a total value of $20,109.60. Following the purchase, the director now directly owns 37,437 shares in the company, valued at approximately $880,518.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Chefs’ Warehouse Stock Up 0.1 %

CHEF opened at $25.44 on Thursday. The company has a quick ratio of 1.17, a current ratio of 2.06 and a debt-to-equity ratio of 1.59. The firm has a 50 day moving average price of $22.29 and a 200-day moving average price of $29.09. The Chefs’ Warehouse, Inc. has a twelve month low of $17.29 and a twelve month high of $39.54. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 49.88 and a beta of 1.99.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Wednesday, November 1st. The company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The business had revenue of $881.83 million during the quarter, compared to analysts’ expectations of $836.19 million. Chefs’ Warehouse had a net margin of 0.60% and a return on equity of 12.36%. The firm’s revenue was up 33.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 earnings per share. Equities research analysts forecast that The Chefs’ Warehouse, Inc. will post 1.26 earnings per share for the current year.

Hedge Funds Weigh In On Chefs’ Warehouse

Hedge funds and other institutional investors have recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. bought a new position in Chefs’ Warehouse during the first quarter valued at $40,000. Coppell Advisory Solutions Corp. bought a new position in Chefs’ Warehouse during the fourth quarter valued at $44,000. Tower Research Capital LLC TRC lifted its position in Chefs’ Warehouse by 150.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,267 shares of the company’s stock valued at $48,000 after purchasing an additional 1,361 shares during the last quarter. Point72 Middle East FZE bought a new position in Chefs’ Warehouse during the fourth quarter valued at $63,000. Finally, Harbor Capital Advisors Inc. bought a new position in Chefs’ Warehouse during the second quarter valued at $65,000. Institutional investors own 88.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CHEF. StockNews.com began coverage on shares of Chefs’ Warehouse in a research report on Thursday, October 5th. They set a “sell” rating for the company. UBS Group began coverage on shares of Chefs’ Warehouse in a research report on Monday, September 25th. They set a “buy” rating and a $37.00 price target for the company. BMO Capital Markets dropped their price target on shares of Chefs’ Warehouse from $50.00 to $35.00 and set an “outperform” rating for the company in a research report on Friday, November 3rd. Finally, Benchmark dropped their target price on shares of Chefs’ Warehouse from $54.00 to $49.00 and set a “buy” rating for the company in a research report on Tuesday, September 12th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

Chefs’ Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, engages in distribution of specialty food products in the United States and Canada. The company's product portfolio includes approximately 55,000 stock-keeping units, such as specialty food products, including artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.