Chefs’ Warehouse (CHEF) to Release Quarterly Earnings on Wednesday

Chefs’ Warehouse (NASDAQ:CHEF) is scheduled to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Chefs’ Warehouse to post earnings of $0.07 per share for the quarter. Chefs’ Warehouse has set its FY 2024 guidance at EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its earnings results on Wednesday, February 14th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. The business had revenue of $950.50 million for the quarter, compared to analyst estimates of $910.67 million. Chefs’ Warehouse had a net margin of 1.01% and a return on equity of 12.30%. The business’s quarterly revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.48 EPS. On average, analysts expect Chefs’ Warehouse to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Chefs’ Warehouse Stock Performance

Chefs’ Warehouse stock opened at $33.56 on Monday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 39.02 and a beta of 2.21. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.89 and a quick ratio of 1.16. The firm’s fifty day moving average price is $35.93 and its 200 day moving average price is $30.44. Chefs’ Warehouse has a 12-month low of $17.29 and a 12-month high of $39.00.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group increased their target price on Chefs’ Warehouse from $36.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, February 15th. BMO Capital Markets upped their price objective on shares of Chefs’ Warehouse from $35.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, Benchmark reaffirmed a “buy” rating and issued a $49.00 price target on shares of Chefs’ Warehouse in a research report on Friday, January 12th.

Chefs’ Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company's product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.