Chefs’ Warehouse Inc. (CHEF) Updates FY13 Earnings Guidance
Chefs’ Warehouse Inc. (NASDAQ:CHEF) issued an update on its FY13 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.88-0.91 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.90, ARN reports. The company issued revenue guidance of $660-680 million, compared to the consensus revenue estimate of $667.56 million.
Chefs’ Warehouse Inc. (NASDAQ:CHEF) traded down 2.44% during mid-day trading on Thursday, hitting $23.96. 81,749 shares of the company’s stock traded hands. Chefs’ Warehouse Inc. has a 1-year low of $13.85 and a 1-year high of $23.64. The stock’s 50-day moving average is $23.47 and its 200-day moving average is $20.78. The company has a market cap of $508.8 million and a P/E ratio of 33.64.
Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings data on Thursday, October 31st. The company reported $0.21 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.21. The company had revenue of $170.58 million for the quarter, compared to the consensus estimate of $171.29 million. During the same quarter last year, the company posted $0.21 earnings per share. Chefs’ Warehouse’s revenue was up 36.7% compared to the same quarter last year. Analysts expect that Chefs’ Warehouse Inc. will post $0.91 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Chefs’ Warehouse from a neutral rating to an underperform rating in a research note to investors on Thursday, October 10th. They now have a $21.20 price target on the stock. On a related note, analysts at Jefferies Group initiated coverage on shares of Chefs’ Warehouse in a research note to investors on Monday, October 7th. They set a buy rating and a $28.00 price target on the stock. Finally, analysts at Deutsche Bank initiated coverage on shares of Chefs’ Warehouse in a research note to investors on Wednesday, September 25th. They set a hold rating and a $23.00 price target on the stock. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of Buy and an average price target of $23.87.
The Chefs’ Warehouse, Inc, formerly Chefs’ Warehouse Holdings, LLC, is a distributor of specialty food products in the United States.
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