Chefs' Warehouse Inc (CHEF) Expected to Post Quarterly Sales of $318.29 Million

Equities analysts predict that Chefs' Warehouse Inc (NASDAQ:CHEF) will post $318.29 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Chefs' Warehouse’s earnings, with estimates ranging from $315.88 million to $320.69 million. Chefs' Warehouse posted sales of $287.69 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.6%. The firm is scheduled to announce its next earnings results on Tuesday, May 8th.

On average, analysts expect that Chefs' Warehouse will report full-year sales of $318.29 million for the current year. For the next year, analysts forecast that the firm will report sales of $1.50 billion per share, with estimates ranging from $1.49 billion to $1.51 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Chefs' Warehouse.

Chefs' Warehouse (NASDAQ:CHEF) last released its earnings results on Tuesday, February 20th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The firm had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $352.95 million. Chefs' Warehouse had a return on equity of 5.48% and a net margin of 1.10%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 EPS.

Several research firms have commented on CHEF. Canaccord Genuity restated a “buy” rating and issued a $24.00 target price on shares of Chefs' Warehouse in a research note on Monday, January 8th. Zacks Investment Research upgraded Chefs' Warehouse from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Finally, BidaskClub upgraded Chefs' Warehouse from a “sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Chefs' Warehouse currently has an average rating of “Buy” and an average target price of $22.60.

Chefs' Warehouse (NASDAQ:CHEF) traded down $0.10 during midday trading on Friday, reaching $23.80. The company’s stock had a trading volume of 182,657 shares, compared to its average volume of 169,999. The company has a market cap of $661.26, a PE ratio of 44.07, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.74 and a quick ratio of 1.80. Chefs' Warehouse has a 12-month low of $11.85 and a 12-month high of $25.93.

Several large investors have recently bought and sold shares of CHEF. Northern Trust Corp increased its position in shares of Chefs' Warehouse by 0.6% during the 2nd quarter. Northern Trust Corp now owns 229,696 shares of the company’s stock worth $2,986,000 after purchasing an additional 1,394 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Chefs' Warehouse by 5.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,021,737 shares of the company’s stock worth $13,282,000 after purchasing an additional 51,879 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Chefs' Warehouse by 193.0% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 82,858 shares of the company’s stock worth $1,077,000 after purchasing an additional 54,579 shares during the last quarter. Voya Investment Management LLC acquired a new position in shares of Chefs' Warehouse during the 2nd quarter worth approximately $132,000. Finally, State Street Corp increased its position in shares of Chefs' Warehouse by 7.3% during the 2nd quarter. State Street Corp now owns 344,769 shares of the company’s stock worth $4,486,000 after purchasing an additional 23,492 shares during the last quarter. 90.73% of the stock is currently owned by hedge funds and other institutional investors.

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About Chefs' Warehouse

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

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