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, 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 interested in registering for the company’s conference call can do so using this link.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The firm had revenue of $950.50 million for the quarter, compared to analysts’ expectations of $910.67 million. Chefs’ Warehouse had a return on equity of 12.30% and a net margin of 1.01%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 earnings per share. 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 Price Performance

CHEF stock opened at $34.42 on Tuesday. Chefs’ Warehouse has a 52-week low of $17.29 and a 52-week high of $39.00. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.46. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 40.02 and a beta of 2.21. The business has a fifty day moving average of $35.87 and a two-hundred day moving average of $30.56.

Analyst Upgrades and Downgrades

CHEF has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective on Chefs’ Warehouse from $35.00 to $50.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. UBS Group increased their price objective on shares of Chefs’ Warehouse from $36.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th. Finally, Benchmark reiterated a “buy” rating and issued a $49.00 target price on shares of Chefs’ Warehouse in a 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.