Equities analysts predict that Chefs' Warehouse Inc (NASDAQ:CHEF) will post sales of $353.19 million for the current quarter, according to Zacks. Two analysts have issued estimates for Chefs' Warehouse’s earnings, with the highest sales estimate coming in at $354.87 million and the lowest estimate coming in at $351.51 million. Chefs' Warehouse posted sales of $342.90 million during the same quarter last year, which would indicate a positive year over year growth rate of 3%. The business is scheduled to report its next quarterly earnings results on Tuesday, February 20th.

On average, analysts expect that Chefs' Warehouse will report full year sales of $353.19 million for the current financial year. For the next fiscal year, analysts expect that the business will report sales of $1.40 billion per share. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Chefs' Warehouse.

Chefs' Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.01. Chefs' Warehouse had a return on equity of 5.08% and a net margin of 1.09%. The business had revenue of $325.08 million for the quarter, compared to analyst estimates of $322.78 million. During the same quarter in the previous year, the firm earned $0.07 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis.

A number of equities research analysts have recently weighed in on CHEF shares. BidaskClub upgraded Chefs' Warehouse from a “hold” rating to a “buy” rating in a research note on Thursday, August 10th. BMO Capital Markets restated a “market perform” rating and set a $18.00 price target (up previously from $16.00) on shares of Chefs' Warehouse in a research note on Thursday, August 10th. Zacks Investment Research upgraded Chefs' Warehouse from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Friday, August 11th. Canaccord Genuity restated a “buy” rating and set a $19.00 price target (up previously from $18.00) on shares of Chefs' Warehouse in a research note on Friday, August 11th. Finally, Jefferies Group set a $20.00 price target on Chefs' Warehouse and gave the stock a “buy” rating in a research note on Friday, August 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $19.67.

Shares of Chefs' Warehouse (NASDAQ:CHEF) traded up $0.55 during mid-day trading on Tuesday, hitting $21.23. The stock had a trading volume of 324,000 shares, compared to its average volume of 173,064. Chefs' Warehouse has a 1-year low of $11.85 and a 1-year high of $21.90. The stock has a market capitalization of $549.21, a price-to-earnings ratio of 54.41, a price-to-earnings-growth ratio of 2.62 and a beta of 1.09. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.26 and a quick ratio of 1.31.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Legion Partners Asset Management LLC boosted its position in Chefs' Warehouse by 11.4% in the third quarter. Legion Partners Asset Management LLC now owns 1,704,239 shares of the company’s stock valued at $32,892,000 after buying an additional 174,876 shares during the last quarter. OxFORD Asset Management LLP purchased a new stake in Chefs' Warehouse in the third quarter valued at approximately $1,569,000. Dimensional Fund Advisors LP boosted its position in Chefs' Warehouse by 14.6% in the third quarter. Dimensional Fund Advisors LP now owns 1,155,649 shares of the company’s stock valued at $22,304,000 after buying an additional 146,794 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Chefs' Warehouse by 6.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 73,405 shares of the company’s stock valued at $1,417,000 after buying an additional 4,195 shares during the last quarter. Finally, Cadence Capital Management LLC boosted its position in Chefs' Warehouse by 5.1% in the third quarter. Cadence Capital Management LLC now owns 74,635 shares of the company’s stock valued at $1,440,000 after buying an additional 3,606 shares during the last quarter. Hedge funds and other institutional investors own 78.18% of the company’s stock.

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About 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 Chefs' Warehouse (NASDAQ:CHEF)

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