Chefs’ Warehouse (CHEF) to Release Earnings on Wednesday

Chefs’ Warehouse (NASDAQ:CHEF) is scheduled to be issuing its quarterly earnings data 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.Parties that are interested in registering for the company’s conference call can do so using this link.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.04. Chefs’ Warehouse had a net margin of 1.11% and a return on equity of 12.62%. The business had revenue of $954.70 million for the quarter, compared to analyst estimates of $945.34 million. During the same quarter last year, the business earned $0.35 earnings per share. The business’s revenue for the quarter 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 Price Performance

NASDAQ CHEF opened at $40.87 on Tuesday. Chefs’ Warehouse has a 12 month low of $17.29 and a 12 month high of $44.58. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.85 and a quick ratio of 1.08. The firm has a market capitalization of $1.63 billion, a PE ratio of 46.98 and a beta of 2.32. The company’s 50 day simple moving average is $40.65 and its 200 day simple moving average is $39.16.

Wall Street Analysts Forecast Growth

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

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.