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 on Thursday, December 12th. The shares were sold at an average price of $48.85, for a total transaction of $195,400.00. Following the transaction, the chief financial officer now directly owns 145,589 shares of the company’s stock, valued at approximately $7,112,022.65. This trade represents a 2.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Chefs’ Warehouse Stock Performance

Shares of CHEF opened at $48.75 on Friday. The firm has a market capitalization of $1.93 billion, a PE ratio of 42.76 and a beta of 2.33. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39. The firm has a 50-day moving average price of $42.68 and a 200 day moving average price of $40.95. The Chefs’ Warehouse, Inc. has a 52-week low of $27.64 and a 52-week high of $49.25.

Institutional Trading of Chefs’ Warehouse

A number of institutional investors have recently made changes to their positions in the stock. ORG Partners LLC bought a new stake in Chefs’ Warehouse during the second quarter worth approximately $122,000. Assenagon Asset Management S.A. boosted its stake in Chefs’ Warehouse by 178.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 32,577 shares of the company’s stock valued at $1,274,000 after purchasing an additional 20,871 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of 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 during the period. Louisiana State Employees Retirement System raised its stake in shares of Chefs’ Warehouse by 1.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock worth $696,000 after buying an additional 300 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Chefs’ Warehouse by 2.1% in the second quarter. Bank of New York Mellon Corp now owns 270,208 shares of the company’s stock valued at $10,568,000 after buying an additional 5,612 shares during the period. 91.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CHEF shares. Jefferies Financial Group boosted their target price on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. BMO Capital Markets increased their price objective on Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.