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A company insider recently sold 4,000 shares of Chefs’ Warehouse Inc [CHEF]. Should You also Consider to Sale?

Chefs’ Warehouse Inc’s recent filing unveils that its Chief Financial Officer Leddy James unloaded Company’s shares for reported $0.2 million on Dec 12 ’24. In the deal valued at $48.85 per share,4,000 shares were sold. As a result of this transaction, Leddy James now holds 145,589 shares worth roughly $7.04 million.

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Then, Pappas Christopher sold 200,000 shares, generating $9,770,000 in total proceeds. Upon selling the shares at $48.85, the President and CEO now owns 2,206,312 shares.

Before that, Leddy James bought 4,000 shares. Chefs’ Warehouse Inc shares valued at $195,283 were divested by the Officer at a price of $48.82 per share.

UBS initiated its Chefs’ Warehouse Inc [CHEF] rating to a Buy in a research note published on September 25, 2023; the price target was $37. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late December from “a Hold” to “a Buy”. The Benchmark Company began covering CHEF with “Buy” recommendation on December 17, 2021. Wolfe Research started covering the stock on September 30, 2021. It rated CHEF as “an Outperform”.

Price Performance Review of CHEF

On Friday, Chefs’ Warehouse Inc [NASDAQ:CHEF] saw its stock fall -0.21% to $48.34. Over the last five days, the stock has lost -0.84%. Chefs’ Warehouse Inc shares have risen nearly 64.25% since the year began. Nevertheless, the stocks have risen 66.57% over the past one year. While a 52-week high of $49.78 was reached on 12/16/24, a 52-week low of $27.64 was recorded on 01/16/24. SMA at 50 days reached $43.49, while 200 days put it at $39.81.

Levels Of Support And Resistance For CHEF Stock

The 24-hour chart illustrates a support level at 47.53, which if violated will result in even more drops to 46.71. On the upside, there is a resistance level at 49.35. A further resistance level may holdings at 50.36. The Relative Strength Index (RSI) on the 14-day chart is 64.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.70%. Stochastics %K at 71.77% indicates the stock is a holding.

How much short interest is there in Chefs’ Warehouse Inc?

A steep rise in short interest was recorded in Chefs’ Warehouse Inc stocks on 2024-11-29, dropping by -0.12 million shares to a total of 2.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.75 million shares. There was a decline of -4.46%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 05, 2021 when Lake Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $38 price target.

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