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

Chefs’ Warehouse (NASDAQ:CHEF) will release its earnings data before the market opens on Wednesday, October 30th. Analysts expect Chefs’ Warehouse to post earnings of $0.35 per share for the quarter. Chefs’ Warehouse has set its FY 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.36 by $0.04. The business had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $945.34 million. Chefs’ Warehouse had a net margin of 1.11% and a return on equity of 12.62%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 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 Trading Down 0.4 %

Shares of Chefs’ Warehouse stock opened at $39.36 on Monday. Chefs’ Warehouse has a twelve month low of $17.29 and a twelve month high of $44.58. The company has a quick ratio of 1.08, a current ratio of 1.85 and a debt-to-equity ratio of 1.43. The business has a 50-day moving average price of $40.62 and a 200-day moving average price of $39.12. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 45.24 and a beta of 2.32.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lifted their price objective on Chefs’ Warehouse from $51.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Chefs’ Warehouse currently has an average rating of “Moderate Buy” and an average price target of $49.25.

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.