Equities research analysts expect Chefs’ Warehouse Inc (NASDAQ:CHEF) to report earnings of ($0.29) per share for the current quarter, according to Zacks. Two analysts have made estimates for Chefs’ Warehouse’s earnings. Chefs’ Warehouse posted earnings per share of $0.23 during the same quarter last year, which indicates a negative year-over-year growth rate of 226.1%. The business is expected to issue its next quarterly earnings results on Wednesday, November 4th.

On average, analysts expect that Chefs’ Warehouse will report full-year earnings of ($1.53) per share for the current year, with EPS estimates ranging from ($1.69) to ($1.37). For the next financial year, analysts expect that the company will report earnings of ($0.16) per share, with EPS estimates ranging from ($0.38) to $0.07. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Chefs’ Warehouse.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.52) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.48) by ($0.04). The company had revenue of $200.50 million during the quarter, compared to analysts’ expectations of $213.72 million. Chefs’ Warehouse had a negative return on equity of 5.13% and a negative net margin of 1.37%. The firm’s quarterly revenue was down 51.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS.

CHEF has been the topic of several recent analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $13.00 target price on shares of Chefs’ Warehouse in a research note on Thursday, August 13th. TheStreet cut Chefs’ Warehouse from a “c-” rating to a “d” rating in a research note on Thursday, July 30th. ValuEngine raised Chefs’ Warehouse from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 4th. Zacks Investment Research cut Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research report on Monday, July 27th. Finally, BTIG Research raised Chefs’ Warehouse from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Chefs’ Warehouse currently has an average rating of “Buy” and an average price target of $22.88.

Several hedge funds have recently added to or reduced their stakes in CHEF. Benjamin F. Edwards & Company Inc. raised its stake in Chefs’ Warehouse by 2,100.7% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,169 shares of the company’s stock valued at $32,000 after buying an additional 3,025 shares during the last quarter. WASHINGTON TRUST Co acquired a new stake in shares of Chefs’ Warehouse during the second quarter worth about $42,000. Paradigm Asset Management Co. LLC acquired a new stake in shares of Chefs’ Warehouse during the second quarter worth about $48,000. Point72 Asset Management L.P. acquired a new stake in shares of Chefs’ Warehouse during the second quarter worth about $60,000. Finally, BNP Paribas Arbitrage SA raised its position in shares of Chefs’ Warehouse by 46.2% during the first quarter. BNP Paribas Arbitrage SA now owns 9,826 shares of the company’s stock worth $99,000 after purchasing an additional 3,104 shares during the period. Hedge funds and other institutional investors own 77.58% of the company’s stock.

NASDAQ CHEF opened at $17.78 on Wednesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.54 and a quick ratio of 2.75. The stock has a market capitalization of $646.72 million, a PE ratio of -32.93 and a beta of 2.01. Chefs’ Warehouse has a 1 year low of $3.55 and a 1 year high of $41.50. The business’s 50-day moving average is $14.65 and its 200 day moving average is $14.57.

Chefs’ Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

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

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