Chefs' Warehouse (CHEF) Projected to Post Quarterly Earnings on Wednesday

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) is expected to release its earnings data before the market opens on Wednesday, February 12th. Analysts expect Chefs' Warehouse to post earnings of $0.51 per share and revenue of $1.00 billion for the quarter. Persons that wish to listen to the company's earnings conference call can do so using this link.

Chefs' Warehouse Stock Down 3.1 %

Shares of Chefs' Warehouse stock traded down $1.73 during trading on Friday, reaching $54.21. The stock had a trading volume of 548,311 shares, compared to its average volume of 366,379. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 47.55 and a beta of 2.29. The stock has a fifty day moving average price of $50.64 and a two-hundred day moving average price of $44.21. Chefs' Warehouse has a 52 week low of $31.96 and a 52 week high of $56.65. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39.

Analyst Ratings Changes

CHEF has been the topic of a number of recent research reports. Jefferies Financial Group lifted their target price on Chefs' Warehouse from $58.00 to $60.00 and gave the company a "buy" rating in a research report on Wednesday, January 15th. Lake Street Capital lifted their target price on Chefs' Warehouse from $48.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Finally, BMO Capital Markets lifted their target price on Chefs' Warehouse from $50.00 to $55.00 and gave the company an "outperform" rating in a research report on Thursday, October 31st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $53.80.

Insiders Place Their Bets

In other Chefs' Warehouse news, General Counsel Alexandros Aldous sold 5,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the transaction, the general counsel now owns 114,342 shares of the company's stock, valued at $5,145,390. The trade was a 4.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James Leddy sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $48.85, for a total value of $195,400.00. Following the transaction, the chief financial officer now directly owns 145,589 shares in the company, valued at approximately $7,112,022.65. This trade represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 11.90% of the company's stock.

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.