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

Chefs’ Warehouse (NASDAQ:CHEF) is set to release its earnings data 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.Individual interested in participating in the company’s earnings conference call can do so using this link.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.43 by $0.04. The company had revenue of $950.50 million for the quarter, compared to the consensus estimate of $910.67 million. Chefs’ Warehouse had a net margin of 1.01% and a return on equity of 12.30%. The firm’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 EPS. 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 1.1 %

Shares of NASDAQ CHEF opened at $33.39 on Wednesday. Chefs’ Warehouse has a 1 year low of $17.29 and a 1 year high of $39.00. The firm has a 50-day simple moving average of $36.09 and a two-hundred day simple moving average of $30.13. The company has a market cap of $1.33 billion, a P/E ratio of 38.83 and a beta of 2.21. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.89 and a quick ratio of 1.16.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group boosted their price objective on Chefs’ Warehouse from $36.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, February 15th. BMO Capital Markets boosted their target price 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. Finally, Benchmark restated a “buy” rating and issued a $49.00 price target on shares of Chefs’ Warehouse in a report 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.