Chefs’ Warehouse Inc (CHEF) Vice Chairman John Pappas Sells 130,550 Shares of Stock

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Chefs’ Warehouse Inc (NASDAQ:CHEF) Vice Chairman John Pappas sold 130,550 shares of Chefs’ Warehouse stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $35.01, for a total transaction of $4,570,555.50. Following the completion of the transaction, the insider now owns 1,467,660 shares of the company’s stock, valued at approximately $51,382,776.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

John Pappas also recently made the following trade(s):

  • On Monday, November 5th, John Pappas sold 220 shares of Chefs’ Warehouse stock. The shares were sold at an average price of $35.00, for a total transaction of $7,700.00.
  • On Wednesday, October 10th, John Pappas sold 133,843 shares of Chefs’ Warehouse stock. The shares were sold at an average price of $32.61, for a total transaction of $4,364,620.23.
  • On Monday, October 8th, John Pappas sold 50,000 shares of Chefs’ Warehouse stock. The shares were sold at an average price of $38.07, for a total transaction of $1,903,500.00.

NASDAQ:CHEF opened at $34.95 on Wednesday. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.71 and a quick ratio of 1.77. The company has a market capitalization of $1.05 billion, a PE ratio of 79.43, a PEG ratio of 2.36 and a beta of 0.88. Chefs’ Warehouse Inc has a 1 year low of $16.15 and a 1 year high of $39.26.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Thursday, November 1st. The company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $361.50 million during the quarter, compared to analyst estimates of $354.26 million. Chefs’ Warehouse had a net margin of 1.49% and a return on equity of 7.41%. Chefs’ Warehouse’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 earnings per share. As a group, sell-side analysts anticipate that Chefs’ Warehouse Inc will post 0.78 EPS for the current year.

CHEF has been the subject of a number of research analyst reports. TheStreet upgraded shares of Chefs’ Warehouse from a “c” rating to a “b-” rating in a research note on Thursday, August 2nd. Jefferies Financial Group set a $32.00 target price on shares of Chefs’ Warehouse and gave the company a “buy” rating in a research note on Wednesday, August 1st. BidaskClub cut shares of Chefs’ Warehouse from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 24th. Zacks Investment Research upgraded shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Friday, August 3rd. Finally, BMO Capital Markets set a $34.00 target price on shares of Chefs’ Warehouse and gave the company a “buy” rating in a research note on Thursday, August 2nd. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Chefs’ Warehouse presently has an average rating of “Buy” and a consensus price target of $32.67.

Institutional investors have recently modified their holdings of the stock. First Quadrant L P CA acquired a new stake in shares of Chefs’ Warehouse in the third quarter valued at approximately $101,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Chefs’ Warehouse by 194.2% in the third quarter. Harvest Fund Management Co. Ltd now owns 3,189 shares of the company’s stock valued at $116,000 after purchasing an additional 2,105 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Chefs’ Warehouse by 37.8% in the first quarter. Royal Bank of Canada now owns 6,845 shares of the company’s stock valued at $158,000 after purchasing an additional 1,879 shares in the last quarter. Barclays PLC increased its holdings in shares of Chefs’ Warehouse by 127.9% in the first quarter. Barclays PLC now owns 7,090 shares of the company’s stock valued at $163,000 after purchasing an additional 3,979 shares in the last quarter. Finally, First Mercantile Trust Co. acquired a new stake in shares of Chefs’ Warehouse in the second quarter valued at approximately $166,000. 79.84% of the stock is owned by institutional investors and hedge funds.

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About Chefs’ Warehouse

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 48,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

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Insider Buying and Selling by Quarter for Chefs` Warehouse (NASDAQ:CHEF)

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