Chefs’ Warehouse (NASDAQ:CHEF) Issues Earnings Results, Beats Estimates By $0.08 EPS

Chefs’ Warehouse (NASDAQ:CHEF) issued its quarterly earnings data on Wednesday. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.07 by $0.08, Briefing.com reports. The firm had revenue of $874.50 million during the quarter, compared to the consensus estimate of $833.25 million. Chefs’ Warehouse had a return on equity of 12.30% and a net margin of 1.01%. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.12 earnings per share. Chefs’ Warehouse updated its FY 2024 guidance to EPS.

Chefs’ Warehouse Stock Performance

Shares of CHEF traded up $1.88 on Thursday, reaching $36.80. 311,687 shares of the company’s stock traded hands, compared to its average volume of 372,256. The company has a current ratio of 1.89, a quick ratio of 1.16 and a debt-to-equity ratio of 1.46. The stock has a market cap of $1.47 billion, a PE ratio of 42.78 and a beta of 2.22. The stock’s 50 day simple moving average is $35.78 and its two-hundred day simple moving average is $30.69. Chefs’ Warehouse has a 52-week low of $17.29 and a 52-week high of $39.00.

Wall Street Analyst Weigh In

Several analysts have recently commented on CHEF shares. UBS Group increased their price objective on Chefs’ Warehouse from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Benchmark reissued a “buy” rating and issued a $50.00 price objective on shares of Chefs’ Warehouse in a research note on Thursday. Finally, BMO Capital Markets increased their price objective on Chefs’ Warehouse from $35.00 to $50.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th.

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.