Wall Street analysts expect Chefs' Warehouse Inc (NASDAQ:CHEF) to report $353.19 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Chefs' Warehouse’s earnings. The lowest sales estimate is $351.51 million and the highest is $354.87 million. Chefs' Warehouse reported sales of $342.90 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3%. The firm is expected to report its next quarterly earnings results on Tuesday, February 20th.
On average, analysts expect that Chefs' Warehouse will report full-year sales of $353.19 million for the current fiscal year. For the next fiscal year, analysts forecast that the company will report sales of $1.40 billion per share. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Chefs' Warehouse.
Chefs' Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $325.08 million for the quarter, compared to analyst estimates of $322.78 million. Chefs' Warehouse had a return on equity of 5.08% and a net margin of 1.09%. Chefs' Warehouse’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.
A number of equities research analysts recently weighed in on CHEF shares. TheStreet upgraded Chefs' Warehouse from a “c+” rating to a “b-” rating in a research report on Monday, October 2nd. Canaccord Genuity restated a “buy” rating and set a $24.00 price objective on shares of Chefs' Warehouse in a research report on Monday, January 8th. Jefferies Group restated a “buy” rating and set a $23.00 price objective on shares of Chefs' Warehouse in a research report on Friday, November 10th. Loop Capital upped their price target on Chefs' Warehouse from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Finally, Zacks Investment Research lowered Chefs' Warehouse from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $20.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CHEF. Voya Investment Management LLC bought a new stake in shares of Chefs' Warehouse in the 2nd quarter valued at about $132,000. Stifel Financial Corp bought a new stake in shares of Chefs' Warehouse in the 2nd quarter valued at about $151,000. Nationwide Fund Advisors grew its position in shares of Chefs' Warehouse by 4.5% in the 2nd quarter. Nationwide Fund Advisors now owns 15,118 shares of the company’s stock valued at $197,000 after buying an additional 650 shares during the last quarter. Atria Investments LLC bought a new stake in shares of Chefs' Warehouse in the 4th quarter valued at about $205,000. Finally, The Manufacturers Life Insurance Company grew its position in shares of Chefs' Warehouse by 3.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,943 shares of the company’s stock valued at $221,000 after buying an additional 555 shares during the last quarter. Hedge funds and other institutional investors own 74.66% of the company’s stock.
Shares of Chefs' Warehouse (NASDAQ:CHEF) traded up $0.15 during mid-day trading on Thursday, reaching $20.65. The company had a trading volume of 169,405 shares, compared to its average volume of 168,660. The company has a market cap of $600.55, a price-to-earnings ratio of 38.96, a P/E/G ratio of 1.65 and a beta of 1.09. Chefs' Warehouse has a twelve month low of $11.85 and a twelve month high of $21.90. The company has a debt-to-equity ratio of 1.54, a current ratio of 2.26 and a quick ratio of 1.31.
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Chefs' Warehouse Company Profile
The Chefs’ Warehouse, Inc is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada.
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