Chefs’ Warehouse (NASDAQ:CHEF) Posts Earnings Results, Misses Expectations By $0.04 EPS
Chefs’ Warehouse (NASDAQ:CHEF) issued its quarterly earnings results on Wednesday. The company reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by ($0.04), MarketWatch Earnings reports. Chefs’ Warehouse had a negative return on equity of 5.13% and a negative net margin of 1.37%. The company had revenue of $200.50 million during the quarter, compared to the consensus estimate of $213.72 million. During the same period in the prior year, the firm earned $0.33 earnings per share. The business’s revenue for the quarter was down 51.3% compared to the same quarter last year.
Chefs’ Warehouse stock traded down $0.68 during mid-day trading on Friday, hitting $11.85. The stock had a trading volume of 304,791 shares, compared to its average volume of 857,078. The firm has a market capitalization of $435.90 million, a P/E ratio of -23.11 and a beta of 2.00. The company has a current ratio of 3.54, a quick ratio of 2.38 and a debt-to-equity ratio of 1.03. The firm’s 50 day moving average is $13.72 and its 200 day moving average is $19.92. Chefs’ Warehouse has a one year low of $3.55 and a one year high of $42.06.
A number of analysts have recently commented on CHEF shares. ValuEngine raised Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research report on Friday, May 8th. Piper Sandler cut Chefs’ Warehouse from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $16.00 to $13.00 in a research report on Wednesday. Zacks Investment Research lowered shares of Chefs’ Warehouse from a “hold” rating to a “sell” rating in a report on Monday. BidaskClub lowered shares of Chefs’ Warehouse from a “sell” rating to a “strong sell” rating in a report on Saturday, July 25th. Finally, National Securities restated a “buy” rating and issued a $30.00 price objective on shares of Chefs’ Warehouse in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $25.33.
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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