Chefs' Warehouse (NASDAQ:CHEF) Posts Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.04, Zacks reports. Chefs' Warehouse had a return on equity of 12.67% and a net margin of 1.28%.

Chefs' Warehouse Stock Performance

NASDAQ CHEF traded up $2.12 on Friday, hitting $65.30. 639,870 shares of the stock were exchanged, compared to its average volume of 366,379. The company has a market capitalization of $2.58 billion, a PE ratio of 57.28 and a beta of 2.29. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06. The business's fifty day moving average is $51.94 and its 200 day moving average is $44.83. Chefs' Warehouse has a 52 week low of $31.96 and a 52 week high of $65.43.

Analyst Ratings Changes

CHEF has been the topic of a number of recent analyst reports. UBS Group boosted their target price on Chefs' Warehouse from $60.00 to $69.00 and gave the stock a "buy" rating in a research report on Thursday. BMO Capital Markets lifted their target price on shares of Chefs' Warehouse from $60.00 to $73.00 and gave the stock an "outperform" rating in a report on Thursday. Jefferies Financial Group raised their price objective on Chefs' Warehouse from $58.00 to $60.00 and gave the stock a "buy" rating in a research report on Wednesday, January 15th. Benchmark upped their price objective on shares of Chefs' Warehouse from $55.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Lake Street Capital raised their target price on shares of Chefs' Warehouse from $60.00 to $68.00 and gave the company a "buy" rating in a research note on Thursday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Chefs' Warehouse has a consensus rating of "Moderate Buy" and a consensus price target of $67.60.

Insider Transactions at Chefs' Warehouse

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

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.