Chefs’ Warehouse (CHEF) to Release Earnings on Wednesday

Chefs’ Warehouse (NASDAQ:CHEF) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Chefs’ Warehouse has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.04. The business had revenue of $950.50 million during the quarter, compared to analysts’ expectations of $910.67 million. Chefs’ Warehouse had a net margin of 1.01% and a return on equity of 12.30%. Chefs’ Warehouse’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share. 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 Up 2.6 %

Shares of NASDAQ:CHEF opened at $34.42 on Tuesday. Chefs’ Warehouse has a 52-week low of $17.29 and a 52-week high of $39.00. 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 company has a market capitalization of $1.37 billion, a PE ratio of 40.02 and a beta of 2.21. The company has a fifty day moving average of $35.87 and a 200-day moving average of $30.56.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Benchmark reaffirmed a “buy” rating and issued a $49.00 price target on shares of Chefs’ Warehouse in a report on Friday, January 12th. BMO Capital Markets increased their price target on shares of Chefs’ Warehouse from $35.00 to $50.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. 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 research note 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.