Chefs’ Warehouse (CHEF) Releases FY18 Earnings Guidance

Chefs’ Warehouse (NASDAQ:CHEF) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.71-0.80 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.75. The company issued revenue guidance of $1.41-1.45 billion, compared to the consensus revenue estimate of $1.43 billion.

CHEF traded up $2.20 during midday trading on Thursday, reaching $29.05. The company’s stock had a trading volume of 374,300 shares, compared to its average volume of 174,864. Chefs’ Warehouse has a 1 year low of $14.40 and a 1 year high of $31.90. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.87 and a current ratio of 2.88. The stock has a market cap of $773.53 million, a PE ratio of 61.02, a price-to-earnings-growth ratio of 1.68 and a beta of 0.67.

Chefs’ Warehouse (NASDAQ:CHEF) last issued its earnings results on Wednesday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.02. Chefs’ Warehouse had a net margin of 1.24% and a return on equity of 6.09%. The company had revenue of $370.44 million for the quarter, compared to analysts’ expectations of $360.14 million. During the same quarter last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. equities research analysts predict that Chefs’ Warehouse will post 0.73 EPS for the current year.

A number of brokerages have commented on CHEF. Zacks Investment Research raised shares of Chefs’ Warehouse from a hold rating to a buy rating and set a $26.00 price objective for the company in a research note on Wednesday, April 4th. BidaskClub downgraded shares of Chefs’ Warehouse from a buy rating to a hold rating in a report on Saturday, June 16th. Loop Capital set a $29.00 target price on shares of Chefs’ Warehouse and gave the stock a buy rating in a research note on Thursday, May 10th. BMO Capital Markets set a $29.00 target price on shares of Chefs’ Warehouse and gave the stock a buy rating in a research note on Thursday, May 10th. Finally, TheStreet lowered shares of Chefs’ Warehouse from a b rating to a c rating in a research note on Friday, June 1st. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average price target of $30.20.

In other news, insider Patricia Lecouras sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 17th. The shares were sold at an average price of $31.40, for a total value of $376,800.00. Following the completion of the transaction, the insider now owns 44,061 shares of the company’s stock, valued at $1,383,515.40. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, General Counsel Alexandros Aldous sold 10,905 shares of the firm’s stock in a transaction that occurred on Friday, May 4th. The shares were sold at an average price of $25.00, for a total transaction of $272,625.00. Following the completion of the transaction, the general counsel now directly owns 41,416 shares of the company’s stock, valued at approximately $1,035,400. The disclosure for this sale can be found here. Company insiders own 20.60% of the company’s stock.

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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