Chefs’ Warehouse (NASDAQ:CHEF) CFO James Leddy Sells 22,000 Shares of Stock

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) CFO James Leddy sold 22,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $62.11, for a total transaction of $1,366,420.00. Following the completion of the sale, the chief financial officer directly owned 125,892 shares of the company’s stock, valued at $7,819,152.12. This trade represents a 14.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Chefs’ Warehouse Stock Up 2.3%

Shares of NASDAQ:CHEF opened at $63.53 on Thursday. The Chefs’ Warehouse, Inc. has a 52-week low of $40.00 and a 52-week high of $68.94. The company has a quick ratio of 1.19, a current ratio of 2.14 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 37.37 and a beta of 1.73. The company has a 50 day moving average of $60.71 and a two-hundred day moving average of $61.84.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.07. Chefs’ Warehouse had a net margin of 1.85% and a return on equity of 14.11%. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $986.36 million. During the same quarter last year, the company earned $0.36 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. Chefs’ Warehouse has set its FY 2025 guidance at EPS. As a group, analysts forecast that The Chefs’ Warehouse, Inc. will post 1.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Chefs’ Warehouse

A number of hedge funds and other institutional investors have recently modified their holdings of CHEF. CWM LLC raised its stake in shares of Chefs’ Warehouse by 50.6% during the first quarter. CWM LLC now owns 542 shares of the company’s stock valued at $30,000 after purchasing an additional 182 shares in the last quarter. Center for Financial Planning Inc. bought a new stake in shares of Chefs’ Warehouse during the second quarter valued at about $35,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Chefs’ Warehouse during the first quarter valued at about $37,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Chefs’ Warehouse during the first quarter valued at about $46,000. Finally, Osaic Holdings Inc. raised its stake in shares of Chefs’ Warehouse by 30.7% during the second quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock valued at $51,000 after purchasing an additional 188 shares in the last quarter. 91.55% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Benchmark restated a “buy” rating on shares of Chefs’ Warehouse in a research note on Thursday, October 23rd. Wall Street Zen cut Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings cut Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Piper Sandler assumed coverage on Chefs’ Warehouse in a research note on Wednesday, August 27th. They set a “neutral” rating and a $66.00 price objective on the stock. Finally, Zacks Research upgraded Chefs’ Warehouse from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Chefs’ Warehouse currently has an average rating of “Moderate Buy” and a consensus target price of $71.88.

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.