Wall Street analysts predict that The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Get Rating) will announce sales of $558.95 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Chefs’ Warehouse’s earnings, with the lowest sales estimate coming in at $552.71 million and the highest estimate coming in at $565.18 million. Chefs’ Warehouse posted sales of $422.97 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 32.1%. The firm is scheduled to report its next earnings results on Monday, January 1st.
On average, analysts expect that Chefs’ Warehouse will report full year sales of $2.26 billion for the current fiscal year, with estimates ranging from $2.23 billion to $2.29 billion. For the next financial year, analysts expect that the firm will report sales of $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 released its quarterly earnings results on Wednesday, April 27th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.09. Chefs’ Warehouse had a return on equity of 5.75% and a net margin of 0.73%. The business had revenue of $512.10 million during the quarter, compared to analyst estimates of $480.92 million. During the same quarter last year, the company posted ($0.50) EPS. Chefs’ Warehouse’s revenue for the quarter was up 82.8% on a year-over-year basis.
CHEF opened at $36.74 on Friday. Chefs’ Warehouse has a fifty-two week low of $25.60 and a fifty-two week high of $39.03. The business has a 50-day moving average of $33.16 and a 200-day moving average of $32.67. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.26 and a quick ratio of 1.47. The company has a market capitalization of $1.40 billion, a PE ratio of 96.69 and a beta of 2.01.
In other Chefs’ Warehouse news, CFO James Leddy sold 1,000 shares of Chefs’ Warehouse stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $39.00, for a total value of $39,000.00. Following the completion of the transaction, the chief financial officer now owns 126,965 shares in the company, valued at approximately $4,951,635. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 11.50% of the stock is currently owned by company insiders.
A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its position in shares of Chefs’ Warehouse by 3.5% during the fourth quarter. BlackRock Inc. now owns 5,411,694 shares of the company’s stock worth $180,211,000 after buying an additional 181,541 shares during the period. Alliancebernstein L.P. boosted its position in shares of Chefs’ Warehouse by 15.3% during the fourth quarter. Alliancebernstein L.P. now owns 2,823,187 shares of the company’s stock worth $94,012,000 after buying an additional 375,397 shares during the period. Vanguard Group Inc. boosted its position in shares of Chefs’ Warehouse by 4.1% during the first quarter. Vanguard Group Inc. now owns 2,446,722 shares of the company’s stock worth $79,764,000 after buying an additional 97,371 shares during the period. State Street Corp boosted its position in shares of Chefs’ Warehouse by 4.0% during the fourth quarter. State Street Corp now owns 1,134,903 shares of the company’s stock worth $37,792,000 after buying an additional 43,540 shares during the period. Finally, Wasatch Advisors Inc. boosted its position in shares of Chefs’ Warehouse by 33.7% during the third quarter. Wasatch Advisors Inc. now owns 988,131 shares of the company’s stock worth $32,183,000 after buying an additional 249,330 shares during the period. 84.43% of the stock is owned by hedge funds and other institutional investors.
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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