Chefs’ Warehouse (NASDAQ:CHEF) issued its earnings results on Wednesday. The company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.30 by $0.03, Briefing.com reports. Chefs’ Warehouse had a return on equity of 8.64% and a net margin of 1.44%. The business had revenue of $411.40 million during the quarter, compared to the consensus estimate of $410.13 million. During the same quarter last year, the company earned $0.24 EPS. The firm’s revenue was up 11.1% compared to the same quarter last year. Chefs’ Warehouse updated its FY 2019 guidance to $0.96-1.05 EPS and its FY19 guidance to $0.96-1.05 EPS.
Shares of NASDAQ:CHEF traded down $0.16 on Friday, hitting $37.02. The company’s stock had a trading volume of 270,902 shares, compared to its average volume of 121,975. The firm’s 50-day moving average price is $34.52. Chefs’ Warehouse has a 1 year low of $27.85 and a 1 year high of $39.26. The stock has a market cap of $1.09 billion, a P/E ratio of 47.46, a PEG ratio of 2.36 and a beta of 0.81. The company has a quick ratio of 1.42, a current ratio of 2.31 and a debt-to-equity ratio of 0.91.
In other news, Director Joseph M. Cugine acquired 905 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average cost of $33.01 per share, with a total value of $29,874.05. Following the acquisition, the director now owns 21,336 shares in the company, valued at approximately $704,301.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tim Mccauley sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $33.99, for a total value of $33,990.00. Following the transaction, the insider now directly owns 13,931 shares in the company, valued at $473,514.69. The disclosure for this sale can be found here. Company insiders own 15.90% of the company’s stock.
Several research analysts have commented on CHEF shares. Zacks Investment Research downgraded Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research note on Tuesday, July 2nd. Barclays reaffirmed a “hold” rating on shares of Chefs’ Warehouse in a report on Sunday, May 5th. BMO Capital Markets raised Chefs’ Warehouse from a “market perform” rating to an “outperform” rating and set a $33.31 price target on the stock in a report on Wednesday, May 1st. TheStreet raised Chefs’ Warehouse from a “c+” rating to a “b-” rating in a report on Friday, July 5th. Finally, BidaskClub raised Chefs’ Warehouse from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Chefs’ Warehouse has an average rating of “Buy” and a consensus target price of $34.08.
Chefs’ Warehouse Company Profile
The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 55,000 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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