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

Chefs’ Warehouse (NASDAQ:CHEF) will announce its earnings results before the market opens on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Chefs’ Warehouse has set its FY 2024 guidance at EPS.Investors interested in participating in the company’s conference call can do so using this link.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.04. Chefs’ Warehouse had a return on equity of 12.62% and a net margin of 1.11%. The firm had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $945.34 million. During the same quarter last year, the business posted $0.35 EPS. Chefs’ Warehouse’s revenue was up 8.3% on a year-over-year basis. 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 Trading Down 0.1 %

NASDAQ:CHEF opened at $40.59 on Wednesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.85 and a quick ratio of 1.08. Chefs’ Warehouse has a fifty-two week low of $17.29 and a fifty-two week high of $44.58. The stock’s 50-day moving average is $40.45 and its two-hundred day moving average is $38.97. The stock has a market cap of $1.61 billion, a PE ratio of 46.66 and a beta of 2.32.

Analyst Ratings Changes

Separately, Jefferies Financial Group lifted their target price on Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.25.

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.