Chefs’ Warehouse (NASDAQ:CHEF) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Chefs’ Warehouse (NASDAQ:CHEF) released its earnings results on Wednesday. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.04, Zacks reports. Chefs’ Warehouse had a net margin of 1.28% and a return on equity of 12.67%.

Chefs’ Warehouse Trading Up 12.7 %

NASDAQ:CHEF traded up $6.94 on Wednesday, reaching $61.42. The company’s stock had a trading volume of 470,644 shares, compared to its average volume of 369,275. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.85. The business’s 50-day moving average price is $51.03 and its two-hundred day moving average price is $44.40. Chefs’ Warehouse has a 1-year low of $31.96 and a 1-year high of $61.35. The firm has a market cap of $2.43 billion, a PE ratio of 53.88 and a beta of 2.29.

Insiders Place Their Bets

In other news, General Counsel Alexandros Aldous sold 5,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the sale, the general counsel now owns 114,342 shares of the company’s stock, valued at $5,145,390. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO James Leddy sold 4,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $48.85, for a total value of $195,400.00. Following the sale, the chief financial officer now owns 145,589 shares in the company, valued at $7,112,022.65. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. BMO Capital Markets raised their price target on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Lake Street Capital increased their price objective on shares of Chefs’ Warehouse from $48.00 to $60.00 and gave the company a “buy” rating in a report on Monday, December 16th. Finally, Jefferies Financial Group lifted their target price on shares of Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, January 15th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Chefs’ Warehouse presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.80.

Chefs’ Warehouse Company Profile

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.