Chefs’ Warehouse CEO Christopher Pappas Sells 337,500 Shares (CHEF)
Chefs’ Warehouse (NASDAQ:CHEF) CEO Christopher Pappas unloaded 337,500 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $19.95, for a total value of $6,733,125.00. Following the completion of the sale, the chief executive officer now directly owns 3,271,715 shares in the company, valued at approximately $65,270,714. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on CHEF shares. 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.
Chefs’ Warehouse (NASDAQ:CHEF) traded up 1.07% on Wednesday, hitting $23.67. 176,965 shares of the company’s stock traded hands. 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 $502.6 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 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.23 earnings per share. Chefs’ Warehouse’s revenue was up 48.3% compared to the same quarter last year. 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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