Chefs’ Warehouse (CHEF) Scheduled to Post Quarterly Earnings on Wednesday

Chefs’ Warehouse (NASDAQ:CHEF) is scheduled to post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Chefs’ Warehouse to post earnings of $0.07 per share for the quarter. Chefs’ Warehouse has set its FY 2024 guidance at EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. Chefs’ Warehouse had a net margin of 1.01% and a return on equity of 12.30%. The company had revenue of $950.50 million during the quarter, compared to analysts’ expectations of $910.67 million. During the same period in the prior year, the company earned $0.48 earnings per share. The business’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, analysts expect Chefs’ Warehouse to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Chefs’ Warehouse Stock Up 2.1 %

Shares of CHEF stock opened at $33.56 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.46. Chefs’ Warehouse has a 12 month low of $17.29 and a 12 month high of $39.00. The stock has a 50 day moving average of $35.93 and a 200-day moving average of $30.44. The firm has a market cap of $1.34 billion, a PE ratio of 39.02 and a beta of 2.21.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CHEF shares. BMO Capital Markets increased their price objective on shares of Chefs’ Warehouse from $35.00 to $50.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. UBS Group increased their target price 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. Finally, Benchmark reaffirmed a “buy” rating and set a $49.00 price objective on shares of Chefs’ Warehouse in a research note on Friday, January 12th.

About Chefs’ Warehouse

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.