Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.15 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.08, Briefing.com reports. Chefs' Warehouse had a net margin of 1.01% and a return on equity of 12.30%. The company had revenue of $874.50 million during the quarter, compared to the consensus estimate of $833.25 million. During the same quarter last year, the firm posted $0.12 EPS. The company's quarterly revenue was up 21.5% on a year-over-year basis. Chefs' Warehouse updated its FY 2024 guidance to EPS.
Chefs' Warehouse Stock Performance
Chefs' Warehouse stock traded up $2.02 during midday trading on Thursday, hitting $36.94. The company's stock had a trading volume of 709,505 shares, compared to its average volume of 377,039. Chefs' Warehouse has a 1-year low of $17.29 and a 1-year high of $39.00. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.89 and a quick ratio of 1.16. The company has a 50-day moving average price of $35.78 and a two-hundred day moving average price of $30.69. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 42.78 and a beta of 2.22.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Benchmark restated a "buy" rating and set a $50.00 target price on shares of Chefs' Warehouse in a research note on Thursday. BMO Capital Markets raised their target price on shares of Chefs' Warehouse from $35.00 to $50.00 and gave the stock an "outperform" rating in a research note on Friday, February 16th. Finally, UBS Group raised their target price 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.
Read Our Latest Research Report on Chefs' Warehouse
Chefs' Warehouse Company Profile
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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.
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