This press release is neither an offer to sell nor a solicitation of an offer to buy the Convertible Notes or the shares of the Company’s common stock issuable upon conversion of the Convertible Notes, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. The Company intends to use $31.2 million of the net proceeds from the offering of the Convertible Notes to repay outstanding amounts under its term loan facility and the remainder of the net proceeds for working capital and general corporate purposes, which may include future acquisitions or repaying a portion of the outstanding principal amount under its asset-based loan facility. A more detailed description of other potential risk factors that could affect the Company’s business and financial results is contained in the Company’s most recent annual report on Form 10-K filed with the Securities and Exchange Commission (“SEC”) on February 23, 2021 and other reports filed by the Company with the SEC since that date. You can opt out at any time. The business's revenue for the quarter was down 34.0% on a year-over-year basis. Compare Top Brokerages Here. The Convertible Notes will bear interest at a rate of 1.875% per year and will pay interest semiannually in arrears on June 1 and December 1 of each year, beginning on June 1, 2021. While the Convertible Notes will trade under a Rule 144A CUSIP number, once de-legended, the Convertible Notes will have the same CUSIP number and will be fully fungible with the existing notes. Get today's The Chefs Warehouse Inc stock price and latest CHEF news as well as The Chefs Warehouse real-time stock quotes, technical analysis, full financials and more. The Chefs' Warehouse is scheduled to release its next quarterly earnings announcement on Wednesday, May 5th 2021. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Our culinary experts are dedicated to supporting chef's every need with unparalleled service and support. Fundamental company data provided by Zacks Investment Research. The Chefs' Warehouse Inc is a specialty food distributor in major metropolitan areas across the United States and Canada. Top institutional shareholders include BlackRock Inc. (15.53%), Bank of New York Mellon Corp (4.20%), Dimensional Fund Advisors LP (3.58%), Greenhouse Funds LLLP (2.80%), Crescent Park Management L.P. (2.24%) and Wells Fargo & Company MN (1.57%). To see all exchange delays and terms of use please see disclaimer. The Investor Relations website contains information about The Chefs' Warehouse, Inc.'s business for stockholders, potential investors, and financial analysts. The Chefs' Warehouse's stock was trading at $20.96 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Get short term trading ideas from the MarketBeat Idea Engine. Free forex prices, toplists, indices and lots more. The Chefs' Warehouse The World’s Greatest Ingredients for North America’s Best Chefs We are a family-operated specialty food distributor purveying high-quality artisan ingredients for 35 years. In the past three months, The Chefs' Warehouse insiders have not sold or bought any company stock. The Chefs' Warehouse's management team includes the following people: Gen. MarketBeat thinks these five stocks may be even better buys.View MarketBeat's top stock picks here. The Company sold $50 million aggregate principal amount of Convertible Notes to the initial purchaser. The foregoing list of risks and uncertainties is illustrative, but is not exhaustive. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 The Chefs' Warehouse does not currently pay a dividend. Exec. The stock is up over 300% from March lows, … 29,910.37. The Chefs' Warehouse employs 2,221 workers across the globe. Based on aggregate information from My MarketBeat watchlists, some companies that other The Chefs' Warehouse investors own include Carnival Co. & (CCL), The Walt Disney (DIS), General Motors (GM), AT&T (T), The Boeing (BA), Delta Air Lines (DAL), Southwest Airlines (LUV), Gilead Sciences (GILD), Micron Technology (MU) and Pfizer (PFE). The Chefs' Warehouse, Inc. was founded in 1985 and is headquartered in Ridgefield, Connecticut. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. There are currently 3 hold ratings and 3 buy ratings for the stock. The Chefs' Warehouse had a negative net margin of 2.78% and a negative trailing twelve-month return on equity of 10.71%. The foregoing list of risks and uncertainties is illustrative, but is not exhaustive. Cambridge Packing Company 41 Foodmart Rd Boston, MA 02118. 78.77% of the stock of The Chefs' Warehouse is held by institutions. The Chefs’ Warehouse, Inc. is a premier distributor of specialty food products in the United States and Canada focused on serving the specific needs of chefs who own and/or operate some of the nation’s leading menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores. The company earns $24.19 million in net income (profit) each year or $1.01 on an earnings per share basis. The Convertible Notes will mature on December 1, 2024, unless earlier converted or repurchased in accordance with their terms. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.