Chefs' Warehouse (CHEF) Scheduled to Post Earnings on Wednesday

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) is scheduled to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Chefs' Warehouse has set its FY 2024 guidance at EPS.Individual that wish to register for the company's earnings conference call can do so using this link.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.04. Chefs' Warehouse had a net margin of 1.01% and a return on equity of 12.30%. The company had revenue of $950.50 million during the quarter, compared to analyst estimates of $910.67 million. During the same quarter last year, the firm posted $0.48 EPS. The business's revenue for the quarter was up 20.1% 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

Shares of NASDAQ:CHEF traded down $0.22 during trading hours on Wednesday, hitting $33.17. 162,649 shares of the company's stock traded hands, compared to its average volume of 367,578. Chefs' Warehouse has a 52 week low of $17.29 and a 52 week high of $39.00. The company has a debt-to-equity ratio of 1.46, a quick ratio of 1.16 and a current ratio of 1.89. The company's fifty day simple moving average is $36.09 and its two-hundred day simple moving average is $30.13. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 38.57 and a beta of 2.21.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CHEF. UBS Group raised their price objective on shares of Chefs' Warehouse from $36.00 to $44.00 and gave the company a "buy" rating in a research report on Thursday, February 15th. BMO Capital Markets raised their price objective on shares of Chefs' Warehouse from $35.00 to $50.00 and gave the company an "outperform" rating in a research report on Friday, February 16th. Finally, Benchmark restated a "buy" rating and set a $49.00 price objective on shares of Chefs' Warehouse in a research report on Friday, January 12th.

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.