Chefs’ Warehouse (NASDAQ:CHEF) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. The company provided EPS guidance of 0.91-1.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.07. The company issued revenue guidance of $1.85-1.91 billion, compared to the consensus revenue estimate of $1.7 billion.Chefs’ Warehouse also updated its FY20 guidance to $0.91-1.00 EPS.
Shares of Chefs’ Warehouse stock traded down $0.53 during mid-day trading on Friday, hitting $37.10. 301,172 shares of the stock were exchanged, compared to its average volume of 245,644. Chefs’ Warehouse has a 12 month low of $29.56 and a 12 month high of $42.06. The company has a 50-day simple moving average of $38.08 and a 200 day simple moving average of $37.48. The company has a market capitalization of $1.13 billion, a P/E ratio of 49.47, a P/E/G ratio of 2.46 and a beta of 0.76. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.47 and a current ratio of 2.35.
Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings results on Wednesday, February 12th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $426.51 million during the quarter, compared to analyst estimates of $428.88 million. Chefs’ Warehouse had a return on equity of 8.79% and a net margin of 1.42%. Chefs’ Warehouse’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. Analysts predict that Chefs’ Warehouse will post 1 EPS for the current year.
CHEF has been the subject of a number of recent analyst reports. Piper Sandler restated a buy rating and issued a $41.00 price objective on shares of Chefs’ Warehouse in a research note on Wednesday, January 15th. ValuEngine upgraded Chefs’ Warehouse from a hold rating to a buy rating in a research note on Thursday. Piper Jaffray Companies initiated coverage on shares of Chefs’ Warehouse in a report on Wednesday, December 11th. They issued an overweight rating and a $41.00 price target on the stock. Zacks Investment Research lowered shares of Chefs’ Warehouse from a hold rating to a strong sell rating in a research report on Tuesday. Finally, BidaskClub downgraded shares of Chefs’ Warehouse from a strong-buy rating to a buy rating in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $39.06.
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 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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