Chefs’ Warehouse (NASDAQ:CHEF) Issues Earnings Results

Chefs’ Warehouse (NASDAQ:CHEF) released its quarterly earnings results on Wednesday. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.08, Briefing.com reports. Chefs’ Warehouse had a return on equity of 12.30% and a net margin of 0.98%. The firm had revenue of $874.50 million for the quarter, compared to analysts’ expectations of $833.25 million. During the same period in the prior year, the firm earned $0.12 EPS. The company’s revenue was up 21.5% compared to the same quarter last year. Chefs’ Warehouse updated its FY 2024 guidance to EPS.

Chefs’ Warehouse Stock Performance

Shares of CHEF opened at $37.78 on Friday. The business has a 50-day simple moving average of $35.81 and a two-hundred day simple moving average of $30.86. The company has a quick ratio of 1.16, a current ratio of 1.92 and a debt-to-equity ratio of 1.49. Chefs’ Warehouse has a 52 week low of $17.29 and a 52 week high of $39.00. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 43.43 and a beta of 2.22.

Analysts Set New Price Targets

A number of research analysts have weighed in on CHEF shares. StockNews.com raised Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Thursday. Benchmark reiterated a “buy” rating and issued a $50.00 price objective on shares of Chefs’ Warehouse in a research note on Thursday. BMO Capital Markets boosted their target price 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 increased their price target on shares of Chefs’ Warehouse from $36.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, February 15th.

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.