Chefs’ Warehouse (CHEF) Scheduled to Post Earnings on Wednesday

Chefs’ Warehouse (NASDAQ:CHEF – Get Rating) is set to issue its quarterly earnings data before the market opens on Wednesday, April 27th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Chefs’ Warehouse (NASDAQ:CHEF – Get Rating) last posted its earnings results on Wednesday, February 9th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.08. Chefs’ Warehouse had a negative return on equity of 0.60% and a negative net margin of 0.28%. The business had revenue of $558.25 million during the quarter, compared to analysts’ expectations of $521.70 million. During the same period in the prior year, the business earned ($0.52) EPS. On average, analysts expect Chefs’ Warehouse to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ CHEF opened at $34.15 on Wednesday. The business’s 50 day simple moving average is $31.74. Chefs’ Warehouse has a 52-week low of $25.60 and a 52-week high of $37.85. The company has a current ratio of 2.39, a quick ratio of 1.65 and a debt-to-equity ratio of 1.13. The company has a market cap of $1.31 billion, a PE ratio of -227.65 and a beta of 2.25.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Credit Suisse AG boosted its holdings in shares of Chefs’ Warehouse by 3.4% in the 4th quarter. Credit Suisse AG now owns 26,100 shares of the company’s stock valued at $869,000 after buying an additional 859 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Chefs’ Warehouse by 2.5% during the 4th quarter. California State Teachers Retirement System now owns 45,905 shares of the company’s stock valued at $1,529,000 after purchasing an additional 1,132 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Chefs’ Warehouse by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 329,780 shares of the company’s stock valued at $10,983,000 after purchasing an additional 1,148 shares during the last quarter. Legal & General Group Plc lifted its holdings in Chefs’ Warehouse by 3.2% during the 4th quarter. Legal & General Group Plc now owns 78,196 shares of the company’s stock valued at $2,604,000 after purchasing an additional 2,416 shares during the last quarter. Finally, Millennium Management LLC lifted its holdings in Chefs’ Warehouse by 86.5% during the 3rd quarter. Millennium Management LLC now owns 12,820 shares of the company’s stock valued at $418,000 after purchasing an additional 5,945 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

CHEF has been the subject of a number of recent research reports. StockNews.com initiated coverage on Chefs’ Warehouse in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research report on Tuesday, March 1st. CL King upped their price target on Chefs’ Warehouse from $34.00 to $38.00 in a research report on Thursday, April 14th. Finally, Lake Street Capital upped their price target on Chefs’ Warehouse from $40.00 to $45.00 in a research report on Thursday, February 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $40.00.

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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