Equities analysts forecast that The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) will report sales of $322.97 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for The Chefs’ Warehouse’s earnings. The lowest sales estimate is $321.75 million and the highest is $324.19 million. The Chefs’ Warehouse reported sales of $297.92 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 8.4%. The company is scheduled to announce its next earnings report on Wednesday, November 1st.

On average, analysts expect that The Chefs’ Warehouse will report full-year sales of $322.97 million for the current year, with estimates ranging from $1.29 billion to $1.31 billion. For the next year, analysts forecast that the company will report sales of $1.40 billion per share, with estimates ranging from $1.38 billion to $1.41 billion. Zacks’ sales averages are an average based on a survey of analysts that follow The Chefs’ Warehouse.

The Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, August 9th. The company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.02. The Chefs’ Warehouse had a net margin of 0.99% and a return on equity of 4.56%. The firm had revenue of $331.70 million for the quarter, compared to the consensus estimate of $325.16 million. During the same period in the prior year, the firm posted $0.15 EPS. The firm’s revenue was up 13.6% compared to the same quarter last year.

A number of equities analysts recently issued reports on CHEF shares. Zacks Investment Research raised shares of The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Friday, August 11th. Canaccord Genuity reaffirmed a “buy” rating and set a $19.00 target price (up previously from $18.00) on shares of The Chefs’ Warehouse in a research report on Friday, August 11th. BidaskClub raised shares of The Chefs’ Warehouse from a “strong sell” rating to a “sell” rating in a research report on Sunday, July 16th. ValuEngine lowered shares of The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Finally, Jefferies Group LLC set a $20.00 target price on shares of The Chefs’ Warehouse and gave the stock a “buy” rating in a research report on Friday, August 25th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $18.17.

The Chefs’ Warehouse (NASDAQ:CHEF) opened at 18.10 on Tuesday. The company has a market capitalization of $477.12 million, a P/E ratio of 37.55 and a beta of 1.11. The Chefs’ Warehouse has a 1-year low of $10.71 and a 1-year high of $18.30. The firm’s 50-day moving average is $16.67 and its 200-day moving average is $14.77.

Institutional investors and hedge funds have recently bought and sold shares of the business. Voya Investment Management LLC acquired a new stake in The Chefs’ Warehouse during the second quarter worth $132,000. Stifel Financial Corp acquired a new stake in The Chefs’ Warehouse during the second quarter worth $151,000. American International Group Inc. boosted its stake in The Chefs’ Warehouse by 7.1% during the first quarter. American International Group Inc. now owns 11,917 shares of the company’s stock worth $166,000 after buying an additional 791 shares in the last quarter. Bank of Montreal Can boosted its stake in The Chefs’ Warehouse by 4,428.6% during the second quarter. Bank of Montreal Can now owns 12,046 shares of the company’s stock worth $157,000 after buying an additional 11,780 shares in the last quarter. Finally, Nationwide Fund Advisors boosted its stake in The Chefs’ Warehouse by 6.7% during the first quarter. Nationwide Fund Advisors now owns 14,468 shares of the company’s stock worth $201,000 after buying an additional 906 shares in the last quarter. Hedge funds and other institutional investors own 78.01% of the company’s stock.

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The Chefs’ Warehouse Company Profile

The Chefs’ Warehouse, Inc is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada.

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Earnings History and Estimates for The Chefs` Warehouse (NASDAQ:CHEF)

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