Chefs’ Warehouse (CHEF) Issues FY 2018 Earnings Guidance

Chefs’ Warehouse (NASDAQ:CHEF) updated its FY 2018 earnings guidance on Thursday. The company provided EPS guidance of $0.71-0.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.78. The company issued revenue guidance of $1.425-1.445 billion, compared to the consensus revenue estimate of $1.43 billion.Chefs’ Warehouse also updated its FY18 guidance to $0.71-0.80 EPS.

Several equities research analysts recently commented on the company. Loop Capital reissued a buy rating and issued a $39.00 price target on shares of Chefs’ Warehouse in a research note on Friday. BidaskClub cut Chefs’ Warehouse from a strong-buy rating to a buy rating in a research note on Tuesday, July 24th. Barclays reissued a hold rating and issued a $25.00 price target on shares of Chefs’ Warehouse in a research note on Friday, August 3rd. TheStreet raised Chefs’ Warehouse from a c rating to a b- rating in a research note on Thursday, August 2nd. Finally, Zacks Investment Research cut Chefs’ Warehouse from a buy rating to a hold rating in a research note on Tuesday, July 10th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $32.67.

Shares of NASDAQ CHEF traded up $1.20 during trading hours on Friday, hitting $35.00. The stock had a trading volume of 612,720 shares, compared to its average volume of 705,362. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 79.55, a PEG ratio of 2.27 and a beta of 0.88. Chefs’ Warehouse has a 52 week low of $16.15 and a 52 week high of $39.26. The company has a debt-to-equity ratio of 1.22, a quick ratio of 1.62 and a current ratio of 2.59.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The business had revenue of $361.50 million during the quarter, compared to analysts’ expectations of $354.26 million. Chefs’ Warehouse had a return on equity of 7.08% and a net margin of 1.44%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.11 EPS. On average, analysts predict that Chefs’ Warehouse will post 0.78 EPS for the current year.

In related news, Director Katherine Oliver bought 1,088 shares of Chefs’ Warehouse stock in a transaction that occurred on Monday, September 10th. The stock was purchased at an average cost of $32.10 per share, for a total transaction of $34,924.80. Following the acquisition, the director now owns 14,056 shares in the company, valued at $451,197.60. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Vice Chairman John Pappas sold 133,843 shares of the business’s stock in a transaction that occurred on Wednesday, October 10th. The stock was sold at an average price of $32.61, for a total value of $4,364,620.23. Following the completion of the sale, the insider now owns 2,040,921 shares of the company’s stock, valued at $66,554,433.81. The disclosure for this sale can be found here. 20.60% of the stock is currently owned by insiders.

About Chefs’ Warehouse

The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 48,000 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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Earnings History and Estimates for Chefs` Warehouse (NASDAQ:CHEF)

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