Analysts expect The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Get Rating) to announce sales of $480.30 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Chefs’ Warehouse’s earnings, with the highest sales estimate coming in at $485.46 million and the lowest estimate coming in at $475.15 million. Chefs’ Warehouse posted sales of $280.22 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 71.4%. The company is expected to announce its next earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Chefs’ Warehouse will report full year sales of $2.21 billion for the current fiscal year, with estimates ranging from $2.20 billion to $2.21 billion. For the next fiscal year, analysts expect that the company will post sales of $2.43 billion, with estimates ranging from $2.38 billion to $2.48 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Chefs’ Warehouse.
Chefs’ Warehouse (NASDAQ:CHEF – Get Rating) last released its quarterly earnings data on Wednesday, February 9th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.08. The firm had revenue of $558.25 million during the quarter, compared to analyst estimates of $521.70 million. Chefs’ Warehouse had a negative return on equity of 0.60% and a negative net margin of 0.28%. During the same quarter in the prior year, the firm posted ($0.52) earnings per share.
A number of institutional investors and hedge funds have recently bought and sold shares of CHEF. Benjamin F. Edwards & Company Inc. bought a new position in shares of Chefs’ Warehouse during the third quarter valued at $40,000. Point72 Hong Kong Ltd bought a new position in shares of Chefs’ Warehouse during the fourth quarter valued at $86,000. KBC Group NV bought a new position in shares of Chefs’ Warehouse during the third quarter valued at $97,000. Nisa Investment Advisors LLC increased its holdings in shares of Chefs’ Warehouse by 20.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,330 shares of the company’s stock valued at $99,000 after acquiring an additional 570 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new position in shares of Chefs’ Warehouse during the fourth quarter valued at $215,000. Institutional investors and hedge funds own 86.90% of the company’s stock.
Shares of NASDAQ:CHEF traded down $0.14 during trading on Friday, reaching $31.78. 108,645 shares of the company traded hands, compared to its average volume of 193,307. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -211.85 and a beta of 2.25. Chefs’ Warehouse has a 52-week low of $25.60 and a 52-week high of $37.85. The company has a quick ratio of 1.65, a current ratio of 2.39 and a debt-to-equity ratio of 1.13. The firm’s fifty day simple moving average is $31.44.
Chefs’ Warehouse Company Profile (Get Rating)
The Chefs' Warehouse, Inc, together with its subsidiaries, engages in distribution of specialty food products in the United States and Canada. The company's product portfolio includes approximately 50,000 stock-keeping units, such as specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.
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