Chefs’ Warehouse (NASDAQ:CHEF) Chairman John Pappas sold 1,037,500 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.95, for a total transaction of $20,698,125.00. Following the completion of the sale, the chairman now directly owns 2,085,115 shares in the company, valued at approximately $41,598,044. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
CHEF has been the subject of a number of recent research reports. Analysts at BB&T Corp. raised their price target on shares of Chefs’ Warehouse (NASDAQ:CHEF) to $25.00 in a research note to investors on Thursday, September 5th. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Chefs’ Warehouse (NASDAQ:CHEF) from $21.00 to $24.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Chefs’ Warehouse (NASDAQ:CHEF) from $20.00 to $24.00 in a research note to investors on Thursday, July 18th. They now have a “buy” rating on the stock.
Shares of Chefs’ Warehouse (NASDAQ:CHEF) traded up 1.24% during mid-day trading on Wednesday, hitting $23.71. The stock had a trading volume of 156,090 shares. Chefs’ Warehouse has a 52 week low of $13.85 and a 52 week high of $24.10. The stock has a 50-day moving average of $22.53 and a 200-day moving average of $19.78. The company has a market cap of $503.5 million and a price-to-earnings ratio of 32.08.
Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.26 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.26. The company had revenue of $170.20 million for the quarter, compared to the consensus estimate of $166.11 million. During the same quarter in the prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 48.3% on a year-over-year basis. Analysts expect that Chefs’ Warehouse will post $0.93 EPS for the current fiscal year.
The Chefs’ Warehouse, Inc, formerly Chefs’ Warehouse Holdings, LLC, is a distributor of specialty food products in the United States.
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