Chefs’ Warehouse (CHEF) Scheduled to Post Earnings on Wednesday

Chefs’ Warehouse (NASDAQ:CHEF) is scheduled to be posting 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.Individual interested in registering for the company’s earnings conference call can do so using this link.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $950.50 million for the quarter, compared to analyst estimates of $910.67 million. Chefs’ Warehouse had a return on equity of 12.30% and a net margin of 1.01%. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the firm 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 Trading Up 1.1 %

Shares of CHEF stock opened at $33.39 on Wednesday. The stock’s fifty day moving average is $36.09 and its two-hundred day moving average is $30.13. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.16 and a current ratio of 1.89. The firm has a market capitalization of $1.33 billion, a P/E ratio of 38.83 and a beta of 2.21. Chefs’ Warehouse has a fifty-two week low of $17.29 and a fifty-two week high of $39.00.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CHEF shares. BMO Capital Markets lifted their price target on Chefs’ Warehouse from $35.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Benchmark reiterated a “buy” rating and set a $49.00 price target on shares of Chefs’ Warehouse in a report on Friday, January 12th. Finally, UBS Group lifted their price target on Chefs’ Warehouse from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, February 15th.

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.