Analysts expect that The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Get Rating) will report sales of $490.12 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Chefs’ Warehouse’s earnings. The highest sales estimate is $494.77 million and the lowest is $485.46 million. Chefs’ Warehouse posted sales of $280.22 million during the same quarter last year, which suggests a positive year-over-year growth rate of 74.9%. The business is expected to issue its next earnings report before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Chefs’ Warehouse will report full-year sales of $2.23 billion for the current year, with estimates ranging from $2.21 billion to $2.24 billion. For the next financial year, analysts forecast that the company will post sales of $2.46 billion, with estimates ranging from $2.43 billion to $2.48 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Chefs’ Warehouse.
Chefs’ Warehouse (NASDAQ:CHEF – Get Rating) last posted its quarterly earnings results 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. Chefs’ Warehouse had a negative net margin of 0.28% and a negative return on equity of 0.60%. The company had revenue of $558.25 million for the quarter, compared to the consensus estimate of $521.70 million. During the same period last year, the company posted ($0.52) EPS.
CHEF opened at $35.91 on Friday. The company’s 50 day moving average is $31.87 and its 200-day moving average is $32.34. Chefs’ Warehouse has a 1-year low of $25.60 and a 1-year 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 $1.37 billion, a P/E ratio of -239.38 and a beta of 2.25.
A number of institutional investors have recently added to or reduced their stakes in the business. Pacific Global Investment Management Co. raised its holdings in Chefs’ Warehouse by 1.8% during the 4th quarter. Pacific Global Investment Management Co. now owns 28,025 shares of the company’s stock worth $933,000 after purchasing an additional 483 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Chefs’ Warehouse by 20.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 3,330 shares of the company’s stock worth $99,000 after purchasing an additional 570 shares during the last quarter. Precision Wealth Strategies LLC grew its position in shares of Chefs’ Warehouse by 9.6% during the 4th quarter. Precision Wealth Strategies LLC now owns 7,162 shares of the company’s stock worth $238,000 after buying an additional 630 shares during the period. Credit Suisse AG grew its position in shares of Chefs’ Warehouse by 3.4% during the 4th quarter. Credit Suisse AG now owns 26,100 shares of the company’s stock worth $869,000 after buying an additional 859 shares during the period. Finally, Baker Tilly Wealth Management LLC grew its position in shares of Chefs’ Warehouse by 13.1% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 9,627 shares of the company’s stock worth $314,000 after buying an additional 1,114 shares during the period. Hedge funds and other institutional investors own 86.90% of the company’s stock.
About Chefs’ Warehouse (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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