Chefs' Warehouse (CHEF) Set to Announce Earnings on Wednesday

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Wednesday, October 30th. Analysts expect Chefs' Warehouse to post earnings of $0.35 per share for the quarter. Chefs' Warehouse has set its FY 2024 guidance at EPS.Parties that wish to register for the company's conference call can do so using this link.

Chefs' Warehouse (NASDAQ:CHEF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.04. The firm had revenue of $954.70 million during the quarter, compared to analysts' expectations of $945.34 million. Chefs' Warehouse had a net margin of 1.11% and a return on equity of 12.62%. The business's quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.35 earnings per share. On average, analysts expect Chefs' Warehouse to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Chefs' Warehouse Stock Down 2.1 %

Chefs' Warehouse stock traded down $0.86 during mid-day trading on Wednesday, reaching $39.73. 293,768 shares of the company's stock were exchanged, compared to its average volume of 336,958. The company has a quick ratio of 1.08, a current ratio of 1.85 and a debt-to-equity ratio of 1.43. Chefs' Warehouse has a twelve month low of $17.29 and a twelve month high of $44.58. The company has a market cap of $1.58 billion, a P/E ratio of 46.10 and a beta of 2.32. The company has a fifty day moving average of $40.53 and a 200-day moving average of $39.01.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group lifted their target price on Chefs' Warehouse from $51.00 to $53.00 and gave the company a "buy" rating in a report on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Chefs' Warehouse presently has an average rating of "Moderate Buy" and an average target price of $49.25.

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.