Chefs’ Warehouse (NASDAQ:CHEF) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Chefs’ Warehouse (NASDAQ:CHEF) issued its quarterly earnings results on Wednesday. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.03, reports. The company had revenue of $411.40 million during the quarter, compared to analysts’ expectations of $410.13 million. Chefs’ Warehouse had a net margin of 1.44% and a return on equity of 8.64%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS. Chefs’ Warehouse updated its FY 2019 guidance to $0.96-1.05 EPS and its FY19 guidance to $0.96-1.05 EPS.

Shares of NASDAQ CHEF traded down $0.16 during trading hours on Friday, hitting $37.02. The company had a trading volume of 270,902 shares, compared to its average volume of 121,975. The stock has a market capitalization of $1.09 billion, a PE ratio of 47.46, a P/E/G ratio of 2.36 and a beta of 0.81. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.31 and a quick ratio of 1.42. Chefs’ Warehouse has a 1-year low of $27.85 and a 1-year high of $39.26. The firm’s 50 day moving average price is $34.52.

In related news, Director Joseph M. Cugine acquired 905 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was bought at an average price of $33.01 per share, with a total value of $29,874.05. Following the acquisition, the director now owns 21,336 shares in the company, valued at approximately $704,301.36. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Patricia Lecouras sold 7,193 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $34.31, for a total value of $246,791.83. Following the completion of the sale, the insider now directly owns 47,218 shares of the company’s stock, valued at approximately $1,620,049.58. The disclosure for this sale can be found here. Corporate insiders own 15.90% of the company’s stock.

Several equities analysts have recently weighed in on CHEF shares. Barclays reaffirmed a “hold” rating on shares of Chefs’ Warehouse in a research note on Sunday, May 5th. BidaskClub raised shares of Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. TheStreet raised Chefs’ Warehouse from a “c+” rating to a “b-” rating in a report on Friday, July 5th. Zacks Investment Research downgraded Chefs’ Warehouse from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. Finally, BMO Capital Markets raised Chefs’ Warehouse from a “market perform” rating to an “outperform” rating and set a $33.31 price objective for the company in a report on Wednesday, May 1st. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Chefs’ Warehouse currently has an average rating of “Buy” and an average price target of $34.08.

Chefs’ Warehouse Company Profile

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.

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Earnings History for Chefs` Warehouse (NASDAQ:CHEF)

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