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Aldous Alexandros, General Counsel at Chefs’ Warehouse, Inc. (NASDAQ:CHEF), recently reported the sale of a significant portion of company stock. The transaction comes as the company’s shares have shown remarkable strength, delivering a 61% return over the past year and trading near $62, close to its 52-week high of $66.51. On February 28, Alexandros sold a total of 30,000 shares across two transactions. The sales were executed at an average price range between $60.44 and $61.30 per share, amounting to a total of approximately $1.82 million. According to InvestingPro analysis, CHEF’s current valuation appears slightly elevated relative to its Fair Value, with the company maintaining a "GREAT" overall financial health score.
Following these transactions, Alexandros’s direct ownership in the company has been reduced to 93,368 shares. Additionally, 1,419 shares were withheld for tax purposes upon the vesting of restricted stock under the company’s equity incentive plan. Want deeper insights into insider trading patterns and 10+ additional exclusive ProTips? Discover more with InvestingPro’s comprehensive analysis tools.
In other recent news, The Chefs Warehouse Inc. reported impressive financial results for the fourth quarter of 2024. The company exceeded earnings expectations with an earnings per share (EPS) of $0.55, surpassing the anticipated $0.50. Additionally, The Chefs Warehouse outperformed revenue forecasts, generating $1.03 billion compared to the expected $1 billion. These results highlight the company’s effective cost management and strategic initiatives in the competitive food distribution industry.
Meanwhile, Cheflo, another player in the industry, also reported strong financial outcomes for the same period. The company achieved a net sales growth of 9.7%, adjusted to 11.1% when accounting for currency fluctuations. Cheflo’s EBIT increased by 83% in the fourth quarter, contributing to an overall EBIT margin of 3.9% for the year. The company has announced a proposed dividend of SEK 3.32 per share, reflecting its robust financial position.
Both companies have outlined strategic plans for continued growth. The Chefs Warehouse is optimistic about its future performance and aims to surpass its EBIT target range of 4-6% in 2025. Cheflo, on the other hand, expects net sales growth to align with its financial targets and plans to focus on expanding its customer base and improving operational efficiencies. These recent developments indicate positive momentum for both companies as they navigate the challenges of the food distribution sector.
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