Brokerages Expect The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) to Announce $0.03 EPS

Brokerages expect The Chefs’ Warehouse, Inc. (NASDAQ:CHEFGet Rating) to report $0.03 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Chefs’ Warehouse’s earnings. The highest EPS estimate is $0.03 and the lowest is $0.02. Chefs’ Warehouse reported earnings of ($0.50) per share during the same quarter last year, which would indicate a positive year over year growth rate of 106%. The company is expected to report its next quarterly earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Chefs’ Warehouse will report full year earnings of $0.74 per share for the current financial year, with EPS estimates ranging from $0.70 to $0.77. For the next year, analysts expect that the business will post earnings of $1.07 per share, with EPS estimates ranging from $1.01 to $1.12. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Chefs’ Warehouse.

Chefs’ Warehouse (NASDAQ:CHEFGet Rating) last released its quarterly earnings results on Wednesday, February 9th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 the consensus estimate of $521.70 million. During the same period in the previous year, the company posted ($0.52) EPS.

CHEF has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research report on Tuesday, March 1st. Lake Street Capital lifted their target price on Chefs’ Warehouse from $40.00 to $45.00 in a research report on Thursday, February 10th. StockNews.com began coverage on Chefs’ Warehouse in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, CL King raised their price objective on Chefs’ Warehouse from $34.00 to $38.00 in a research note on Thursday, April 14th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $40.00.

A number of institutional investors have recently modified their holdings of CHEF. Pacific Global Investment Management Co. increased its stake in Chefs’ Warehouse by 1.8% in the 4th quarter. Pacific Global Investment Management Co. now owns 28,025 shares of the company’s stock worth $933,000 after buying an additional 483 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Chefs’ Warehouse by 20.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,330 shares of the company’s stock worth $99,000 after acquiring an additional 570 shares during the period. Precision Wealth Strategies LLC grew its position in shares of Chefs’ Warehouse by 9.6% during the fourth quarter. Precision Wealth Strategies LLC now owns 7,162 shares of the company’s stock worth $238,000 after purchasing an additional 630 shares in the last quarter. Credit Suisse AG raised its stake in Chefs’ Warehouse by 3.4% during the 4th quarter. Credit Suisse AG now owns 26,100 shares of the company’s stock valued at $869,000 after purchasing an additional 859 shares during the period. Finally, EMC Capital Management lifted its holdings in Chefs’ Warehouse by 2.6% in the 3rd quarter. EMC Capital Management now owns 39,445 shares of the company’s stock worth $1,375,000 after purchasing an additional 1,001 shares in the last quarter. 86.90% of the stock is owned by institutional investors.

Shares of NASDAQ CHEF opened at $36.00 on Friday. Chefs’ Warehouse has a 12-month low of $25.60 and a 12-month high of $37.85. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of -239.98 and a beta of 2.25. 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 firm has a 50 day moving average of $31.78 and a 200 day moving average of $32.29.

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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Earnings History and Estimates for Chefs' Warehouse (NASDAQ:CHEF)

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