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

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

Chefs’ Warehouse Stock Performance

CHEF traded up $1.88 on Thursday, reaching $36.80. The company had a trading volume of 311,687 shares, compared to its average volume of 372,256. Chefs’ Warehouse has a fifty-two week low of $17.29 and a fifty-two week high of $39.00. The stock has a market cap of $1.47 billion, a P/E ratio of 42.78 and a beta of 2.22. The company’s fifty day moving average is $35.78 and its 200 day moving average is $30.69. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.16 and a current ratio of 1.89.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CHEF. Benchmark restated a “buy” rating and set a $50.00 price objective on shares of Chefs’ Warehouse in a research note on Thursday. UBS Group boosted their price objective on shares of Chefs’ Warehouse from $36.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, February 15th. Finally, BMO Capital Markets upped their price target 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.

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.