Chefs’ Warehouse (CHEF) to Release Earnings on Wednesday

Chefs’ Warehouse (NASDAQ:CHEF) is scheduled to post its quarterly earnings results before the market opens on Wednesday, July 31st. Analysts expect Chefs’ Warehouse to post earnings of $0.36 per share for the quarter. Chefs’ Warehouse has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, May 1st. The company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. Chefs’ Warehouse had a return on equity of 12.30% and a net margin of 0.98%. The business had revenue of $874.50 million during the quarter, compared to analyst estimates of $833.25 million. During the same period in the previous year, the company posted $0.12 EPS. The firm’s revenue was up 21.5% compared to the same quarter last year. 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 Down 4.2 %

Shares of NASDAQ:CHEF opened at $41.02 on Tuesday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.17 and a current ratio of 1.92. Chefs’ Warehouse has a 52-week low of $17.29 and a 52-week high of $44.58. The business’s 50 day simple moving average is $39.83 and its two-hundred day simple moving average is $36.82. The firm has a market cap of $1.63 billion, a P/E ratio of 47.15 and a beta of 2.30.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. StockNews.com upgraded Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Benchmark restated a “buy” rating and set a $50.00 price objective on shares of Chefs’ Warehouse in a report on Thursday, May 2nd. Finally, Jefferies Financial Group lifted their price objective on shares of Chefs’ Warehouse from $44.00 to $51.00 and gave the company a “buy” rating in a report on Monday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $48.75.

Insider Activity at Chefs’ Warehouse

In related news, General Counsel Alexandros Aldous sold 7,809 shares of Chefs’ Warehouse stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $40.00, for a total value of $312,360.00. Following the completion of the transaction, the general counsel now directly owns 129,342 shares in the company, valued at approximately $5,173,680. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last ninety days, insiders have sold 20,000 shares of company stock worth $825,000. 11.90% of the stock is owned by corporate insiders.

About Chefs’ Warehouse

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.