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, Briefing.com 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.
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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