Analysts expect The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) to report $0.12 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for The Chefs’ Warehouse’s earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.11. The Chefs’ Warehouse posted earnings of $0.15 per share during the same quarter last year, which suggests a negative year over year growth rate of 20%. The firm is expected to report its next quarterly earnings results on Tuesday, August 1st.

On average, analysts expect that The Chefs’ Warehouse will report full-year earnings of $0.37 per share for the current year, with EPS estimates ranging from $0.36 to $0.38. For the next financial year, analysts anticipate that the firm will report earnings of $0.55 per share, with EPS estimates ranging from $0.54 to $0.55. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover The Chefs’ Warehouse.

The Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Tuesday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.05). The Chefs’ Warehouse had a return on equity of 4.75% and a net margin of 0.03%. The company had revenue of $287.70 million for the quarter, compared to analyst estimates of $284.45 million. During the same quarter last year, the company posted $0.05 EPS. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year.

A number of equities research analysts recently issued reports on the company. ValuEngine upgraded The Chefs’ Warehouse from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and issued a $19.00 price objective on shares of The Chefs’ Warehouse in a research report on Thursday, June 1st. Zacks Investment Research downgraded The Chefs’ Warehouse from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Loop Capital assumed coverage on The Chefs’ Warehouse in a research report on Monday, May 15th. They issued a “buy” rating and a $18.00 price objective on the stock. Finally, Canaccord Genuity assumed coverage on The Chefs’ Warehouse in a research report on Friday, April 7th. They issued a “buy” rating and a $18.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $16.29.

Shares of The Chefs’ Warehouse (CHEF) traded down 0.70% during trading on Monday, hitting $14.15. The stock had a trading volume of 11,188 shares. The Chefs’ Warehouse has a 1-year low of $10.31 and a 1-year high of $17.15. The company has a market cap of $372.87 million, a PE ratio of 943.33 and a beta of 1.11. The firm’s 50 day moving average is $13.93 and its 200 day moving average is $14.62.

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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of The Chefs’ Warehouse by 24.1% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,890,991 shares of the company’s stock worth $67,985,000 after buying an additional 950,266 shares during the period. Wells Fargo & Company MN boosted its position in shares of The Chefs’ Warehouse by 82.2% in the first quarter. Wells Fargo & Company MN now owns 447,608 shares of the company’s stock worth $6,221,000 after buying an additional 201,912 shares during the period. Alliancebernstein L.P. boosted its position in shares of The Chefs’ Warehouse by 12.5% in the first quarter. Alliancebernstein L.P. now owns 1,429,360 shares of the company’s stock worth $19,868,000 after buying an additional 158,833 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of The Chefs’ Warehouse by 19.9% in the first quarter. Dimensional Fund Advisors LP now owns 850,510 shares of the company’s stock worth $11,822,000 after buying an additional 140,918 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in shares of The Chefs’ Warehouse during the first quarter worth about $1,043,000. 76.44% of the stock is currently owned by hedge funds and other institutional investors.

About The Chefs’ Warehouse

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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