Chefs’ Warehouse (CHEF) to Release Earnings on Wednesday

Chefs’ Warehouse (NASDAQ:CHEF) is scheduled to release its earnings data before the market opens on Wednesday, July 31st. Analysts expect Chefs’ Warehouse to post earnings of $0.36 per share for the quarter. Chefs’ Warehouse has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.07 by $0.08. The company had revenue of $874.50 million during the quarter, compared to the consensus estimate of $833.25 million. Chefs’ Warehouse had a return on equity of 12.30% and a net margin of 0.98%. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. On average, analysts expect Chefs’ Warehouse to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Chefs’ Warehouse Price Performance

Shares of CHEF opened at $41.02 on Tuesday. The company has a current ratio of 1.92, a quick ratio of 1.17 and a debt-to-equity ratio of 1.49. The company’s fifty day simple moving average is $39.83 and its 200 day simple moving average is $36.82. Chefs’ Warehouse has a 1-year low of $17.29 and a 1-year high of $44.58. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 47.15 and a beta of 2.30.

Wall Street Analysts Forecast Growth

CHEF has been the topic of several recent analyst reports. StockNews.com upgraded shares of Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research note on Thursday, May 2nd. Benchmark reissued a “buy” rating and set a $50.00 price target on shares of Chefs’ Warehouse in a research report on Thursday, May 2nd. Finally, Jefferies Financial Group upped their price objective on Chefs’ Warehouse from $44.00 to $51.00 and gave the company a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $48.75.

Insider Activity

In related news, General Counsel Alexandros Aldous sold 7,809 shares of Chefs’ Warehouse stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $40.00, for a total transaction of $312,360.00. Following the completion of the sale, the general counsel now owns 129,342 shares of the company’s stock, valued at approximately $5,173,680. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 20,000 shares of company stock valued at $825,000 over the last ninety days. 11.90% of the stock is currently owned by company insiders.

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.