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

Chefs’ Warehouse (NASDAQ:CHEF) will be issuing its quarterly earnings data before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Chefs’ Warehouse has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.04. Chefs’ Warehouse had a net margin of 1.11% and a return on equity of 12.62%. The company had revenue of $954.70 million during the quarter, compared to the consensus estimate of $945.34 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 8.3% 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 Performance

Shares of CHEF opened at $40.59 on Wednesday. Chefs’ Warehouse has a 1 year low of $17.29 and a 1 year high of $44.58. The firm has a fifty day moving average of $40.45 and a 200-day moving average of $38.97. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.08 and a current ratio of 1.85. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 46.66 and a beta of 2.32.

Wall Street Analyst Weigh In

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

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.