Equities research analysts expect Chef’s Warehouse (NASDAQ:CHEF) to announce sales of $318.29 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Chef’s Warehouse’s earnings, with estimates ranging from $315.88 million to $320.69 million. Chef’s Warehouse reported sales of $287.69 million during the same quarter last year, which indicates a positive year over year growth rate of 10.6%. The firm is expected to report its next quarterly earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Chef’s Warehouse will report full-year sales of $318.29 million for the current financial year. For the next year, analysts expect that the business will post sales of $1.50 billion per share, with estimates ranging from $1.49 billion to $1.51 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Chef’s Warehouse.
Chef’s Warehouse (NASDAQ:CHEF) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.01. Chef’s Warehouse had a return on equity of 5.48% and a net margin of 1.10%. The business had revenue of $357.00 million during the quarter, compared to analysts’ expectations of $352.95 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis.
In related news, General Counsel Alexandros Aldous sold 9,095 shares of the business’s stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of $25.00, for a total transaction of $227,375.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 22.40% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CHEF. State Street Corp grew its stake in Chef’s 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 in the last quarter. The Manufacturers Life Insurance Company grew its stake in Chef’s Warehouse by 3.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,943 shares of the company’s stock worth $221,000 after purchasing an additional 555 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in Chef’s Warehouse during the 3rd quarter worth $3,124,000. Macquarie Group Ltd. acquired a new position in Chef’s Warehouse during the 3rd quarter worth $365,000. Finally, Schwab Charles Investment Management Inc. grew its stake in Chef’s Warehouse by 6.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 73,405 shares of the company’s stock worth $1,417,000 after purchasing an additional 4,195 shares in the last quarter. 90.73% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ CHEF traded down $0.70 during trading on Tuesday, reaching $23.50. The stock had a trading volume of 170,233 shares, compared to its average volume of 153,586. Chef’s Warehouse has a fifty-two week low of $11.85 and a fifty-two week high of $25.93. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $672.08, a PE ratio of 53.41, a PEG ratio of 1.47 and a beta of 0.85.
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Chef’s 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 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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