Chefs’ Warehouse (NASDAQ:CHEF) Issues Earnings Results, Beats Expectations By $0.04 EPS

Chefs’ Warehouse (NASDAQ:CHEF) announced its quarterly earnings results on Wednesday. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.04, Zacks reports. Chefs’ Warehouse had a return on equity of 12.67% and a net margin of 1.28%.

Chefs’ Warehouse Stock Performance

NASDAQ CHEF opened at $59.61 on Thursday. Chefs’ Warehouse has a 12-month low of $31.96 and a 12-month high of $62.13. The firm has a 50-day moving average price of $51.28 and a two-hundred day moving average price of $44.50. The company has a market capitalization of $2.36 billion, a P/E ratio of 52.29 and a beta of 2.29. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39.

Insider Transactions at Chefs’ Warehouse

In related news, General Counsel Alexandros Aldous sold 5,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the transaction, the general counsel now owns 114,342 shares in the company, valued at approximately $5,145,390. This trade represents a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James Leddy sold 4,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $48.85, for a total value of $195,400.00. Following the completion of the transaction, the chief financial officer now directly owns 145,589 shares of the company’s stock, valued at approximately $7,112,022.65. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on CHEF. Jefferies Financial Group lifted their target price on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. BMO Capital Markets raised their price objective on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Lake Street Capital upped their target price on Chefs’ Warehouse from $48.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Chefs’ Warehouse has an average rating of “Moderate Buy” and a consensus target price of $53.80.

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.