The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Short Interest Update

The Chefs' Warehouse, Inc. (NASDAQ:CHEF - Get Free Report) saw a significant decrease in short interest in July. As of July 31st, there was short interest totalling 3,310,000 shares, a decrease of 11.5% from the July 15th total of 3,740,000 shares. Based on an average daily volume of 302,000 shares, the short-interest ratio is currently 11.0 days. Approximately 9.6% of the shares of the stock are short sold.

Insider Transactions at Chefs' Warehouse

In other news, General Counsel Alexandros Aldous sold 7,809 shares of the company's stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $40.00, for a total transaction of $312,360.00. Following the transaction, the general counsel now directly owns 129,342 shares in the company, valued at $5,173,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 20,000 shares of company stock worth $825,000. Corporate insiders own 11.90% of the company's stock.

Institutional Investors Weigh In On Chefs' Warehouse

Several large investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC grew its position in Chefs' Warehouse by 1,089.7% in the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company's stock valued at $27,000 after purchasing an additional 632 shares in the last quarter. GAMMA Investing LLC lifted its stake in Chefs' Warehouse by 39.6% in the second quarter. GAMMA Investing LLC now owns 909 shares of the company's stock valued at $36,000 after acquiring an additional 258 shares during the last quarter. Quarry LP acquired a new stake in Chefs' Warehouse in the second quarter valued at $54,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Chefs' Warehouse in the second quarter valued at $55,000. Finally, ORG Partners LLC acquired a new stake in Chefs' Warehouse in the second quarter valued at $122,000. Institutional investors own 91.55% of the company's stock.

Chefs' Warehouse Trading Up 2.0 %

NASDAQ:CHEF traded up $0.76 during trading hours on Monday, hitting $39.19. The stock had a trading volume of 254,541 shares, compared to its average volume of 339,436. Chefs' Warehouse has a one year low of $17.29 and a one year high of $44.58. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.17 and a current ratio of 1.85. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 45.05 and a beta of 2.30. The business's 50 day moving average is $39.68 and its 200-day moving average is $37.58.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last issued its earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating the consensus estimate of $0.36 by $0.04. Chefs' Warehouse had a net margin of 1.11% and a return on equity of 12.62%. The firm had revenue of $954.70 million during the quarter, compared to the consensus estimate of $945.34 million. During the same quarter in the prior year, the firm earned $0.35 earnings per share. The business's quarterly revenue was up 8.3% on a year-over-year basis. Sell-side analysts anticipate that Chefs' Warehouse will post 1.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CHEF shares. Jefferies Financial Group increased their price objective on shares of Chefs' Warehouse from $44.00 to $51.00 and gave the company a "buy" rating in a report on Monday, July 29th. Benchmark restated a "buy" rating and issued a $50.00 price objective on shares of Chefs' Warehouse in a report on Thursday, May 2nd. Finally, StockNews.com upgraded shares of Chefs' Warehouse from a "sell" rating to a "hold" rating in a report on Thursday, May 2nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $48.75.

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.