Chefs’ Warehouse Director Joseph Cugine Buys 2,000 Shares (CHEF)
Chefs’ Warehouse (NASDAQ:CHEF) Director Joseph Cugine bought 2,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 25th. The stock was purchased at an average price of $21.00 per share, for a total transaction of $42,000.00. Following the completion of the acquisition, the director now directly owns 5,408 shares in the company, valued at approximately $113,568. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on CHEF. 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 0.90% on Wednesday, hitting $23.63. 143,031 shares of the company’s stock traded hands. Chefs’ Warehouse has a one year low of $13.85 and a one year high of $24.10. The stock’s 50-day moving average is $22.53 and its 200-day moving average is $19.78. The company has a market cap of $501.8 million and a price-to-earnings ratio of 32.08.
Chefs’ Warehouse (NASDAQ:CHEF) last announced its earnings results on Thursday, August 1st. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the 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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