The Chefs’ Warehouse, Inc. Forecasted to Earn Q1 2022 Earnings of ($0.03) Per Share (NASDAQ:CHEF)

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) – Stock analysts at Jefferies Financial Group issued their Q1 2022 EPS estimates for shares of Chefs’ Warehouse in a research report issued on Wednesday, January 12th. Jefferies Financial Group analyst A. Slagle expects that the company will post earnings of ($0.03) per share for the quarter. Jefferies Financial Group also issued estimates for Chefs’ Warehouse’s FY2023 earnings at $1.01 EPS.

CHEF has been the topic of a number of other research reports. Zacks Investment Research lowered Chefs’ Warehouse from a “hold” rating to a “sell” rating in a report on Thursday. Benchmark began coverage on Chefs’ Warehouse in a report on Friday, December 17th. They issued a “buy” rating and a $41.00 target price on the stock. TheStreet raised Chefs’ Warehouse from a “d+” rating to a “c-” rating in a report on Monday, October 18th. Finally, Wolfe Research began coverage on Chefs’ Warehouse in a report on Thursday, September 30th. They issued an “outperform” rating and a $38.00 target price on the stock. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. According to MarketBeat, Chefs’ Warehouse has an average rating of “Buy” and a consensus price target of $39.40.

Shares of CHEF stock opened at $32.69 on Friday. The business’s fifty day moving average price is $32.61 and its 200 day moving average price is $31.26. Chefs’ Warehouse has a 1-year low of $25.60 and a 1-year high of $37.85. The firm has a market capitalization of $1.24 billion, a PE ratio of -23.52 and a beta of 2.29. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.48 and a quick ratio of 1.76.

Chefs’ Warehouse (NASDAQ:CHEF) last announced its quarterly earnings data on Tuesday, October 26th. The company reported $0.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.04. Chefs’ Warehouse had a negative return on equity of 9.28% and a negative net margin of 3.43%. The firm had revenue of $484.30 million for the quarter, compared to analyst estimates of $450.08 million. During the same quarter in the prior year, the company posted ($0.38) earnings per share. Chefs’ Warehouse’s quarterly revenue was up 90.7% on a year-over-year basis.

In other news, CFO James Leddy sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 3rd. The stock was sold at an average price of $37.00, for a total value of $37,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Christopher Pappas sold 300,000 shares of the stock in a transaction dated Tuesday, November 9th. The stock was sold at an average price of $35.32, for a total value of $10,596,000.00. The disclosure for this sale can be found here. Insiders sold 302,000 shares of company stock worth $10,668,000 over the last 90 days. Company insiders own 14.70% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Newbridge Financial Services Group Inc. lifted its position in Chefs’ Warehouse by 191.1% during the second quarter. Newbridge Financial Services Group Inc. now owns 949 shares of the company’s stock worth $30,000 after buying an additional 623 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new position in Chefs’ Warehouse during the third quarter worth about $40,000. FORA Capital LLC purchased a new position in Chefs’ Warehouse during the second quarter worth about $42,000. Nisa Investment Advisors LLC lifted its position in Chefs’ Warehouse by 53.3% during the second quarter. Nisa Investment Advisors LLC now owns 2,760 shares of the company’s stock worth $88,000 after buying an additional 960 shares during the period. Finally, KBC Group NV purchased a new position in Chefs’ Warehouse during the third quarter worth about $97,000. Hedge funds and other institutional investors own 85.18% of the company’s stock.

About Chefs’ Warehouse

The Chefs’ Warehouse, Inc engages in the distribution of specialty food products. It focuses on serving the specific needs of chefs who own and operate 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.

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Earnings History and Estimates for Chefs' Warehouse (NASDAQ:CHEF)

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