The Chefs’ Warehouse, Inc. (CHEF) Scheduled to Post Earnings on Tuesday
The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) is scheduled to release its earnings data after the market closes on Tuesday, October 31st. Analysts expect The Chefs’ Warehouse to post earnings of $0.11 per share for the quarter. The Chefs’ Warehouse has set its FY17 guidance at $0.38-$0.42 EPS.
The Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The firm had revenue of $331.70 million for the quarter, compared to analyst estimates of $325.16 million. The Chefs’ Warehouse had a net margin of 0.99% and a return on equity of 4.56%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.15 earnings per share. On average, analysts expect The Chefs’ Warehouse to post $0.41 EPS for the current fiscal year and $0.6 EPS for the next fiscal year.
The Chefs’ Warehouse, Inc. (NASDAQ CHEF) opened at 20.30 on Tuesday. The company has a market cap of $535.11 million, a price-to-earnings ratio of 42.12 and a beta of 1.11. The company’s 50-day moving average is $19.03 and its 200 day moving average is $15.82. The Chefs’ Warehouse, Inc. has a 12 month low of $10.80 and a 12 month high of $21.90.
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A number of research firms have weighed in on CHEF. TheStreet raised The Chefs’ Warehouse from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Canaccord Genuity upped their price target on The Chefs’ Warehouse from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Jefferies Group LLC set a $20.00 price target on The Chefs’ Warehouse and gave the stock a “buy” rating in a research report on Friday, August 25th. Zacks Investment Research raised The Chefs’ Warehouse from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Friday, August 11th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $18.00 price target (up previously from $16.00) on shares of The Chefs’ Warehouse in a research report on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The Chefs’ Warehouse presently has an average rating of “Buy” and a consensus price target of $18.17.
The Chefs’ Warehouse Company Profile
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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