Chefs’ Warehouse (NASDAQ:CHEF – Get Rating) issued its earnings results on Wednesday. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.09, MarketWatch Earnings reports. Chefs’ Warehouse had a negative return on equity of 0.60% and a negative net margin of 0.28%. The firm had revenue of $512.10 million for the quarter, compared to the consensus estimate of $480.92 million. During the same quarter in the prior year, the business earned ($0.50) earnings per share. The company’s revenue was up 82.8% compared to the same quarter last year.
NASDAQ:CHEF traded up $1.08 on Wednesday, reaching $37.38. 20,871 shares of the company’s stock were exchanged, compared to its average volume of 241,702. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -238.85 and a beta of 2.25. Chefs’ Warehouse has a 52-week low of $25.60 and a 52-week high of $38.11. 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 business has a fifty day simple moving average of $32.02.
CHEF has been the subject of a number of analyst 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. CL King boosted their price target on shares of Chefs’ Warehouse from $34.00 to $38.00 in a report on Thursday, April 14th. Lake Street Capital increased their price objective on shares of Chefs’ Warehouse from $40.00 to $45.00 in a report on Thursday, February 10th. Finally, StockNews.com initiated coverage on shares of Chefs’ Warehouse in a research note on Thursday, March 31st. They set a “hold” rating for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Chefs’ Warehouse presently has a consensus rating of “Buy” and a consensus price target of $40.00.
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.
- Get a free copy of the StockNews.com research report on Chefs’ Warehouse (CHEF)
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