Chefs’ Warehouse (NASDAQ:CHEF) Releases Earnings Results

Chefs’ Warehouse (NASDAQ:CHEF) 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 for the quarter, compared to the consensus estimate of $833.25 million. During the same period in the prior year, the firm posted $0.12 EPS. The company’s quarterly revenue was up 21.5% compared to the same quarter last year. Chefs’ Warehouse updated its FY 2024 guidance to EPS.

Chefs’ Warehouse Stock Performance

NASDAQ:CHEF traded up $2.02 during trading hours on Thursday, reaching $36.94. 709,505 shares of the company’s stock were exchanged, compared to its average volume of 377,039. The firm has a market capitalization of $1.47 billion, a price-to-earnings ratio of 42.78 and a beta of 2.22. The company has a 50-day moving average of $35.78 and a 200 day moving average of $30.69. The company has a quick ratio of 1.16, a current ratio of 1.89 and a debt-to-equity ratio of 1.46. Chefs’ Warehouse has a 1-year low of $17.29 and a 1-year high of $39.00.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. UBS Group increased 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 increased their target price 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 reaffirmed a “buy” rating and issued a $50.00 target price on shares of Chefs’ Warehouse in a research report on Thursday.

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.