Chefs’ Warehouse (CHEF) Expected to Announce Earnings on Wednesday

Chefs’ Warehouse (NASDAQ:CHEF) is projected to issue its quarterly earnings data before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $1.00 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Chefs’ Warehouse Stock Up 0.1 %

Shares of Chefs’ Warehouse stock opened at $54.29 on Tuesday. The business has a fifty day simple moving average of $50.84 and a 200 day simple moving average of $44.31. The stock has a market cap of $2.15 billion, a PE ratio of 47.62 and a beta of 2.29. The company has a quick ratio of 1.06, a current ratio of 1.85 and a debt-to-equity ratio of 1.39. Chefs’ Warehouse has a 12 month low of $31.96 and a 12 month high of $56.65.

Insiders Place Their Bets

In related news, General Counsel Alexandros Aldous sold 5,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $45.00, for a total transaction of $225,000.00. Following the completion of the transaction, the general counsel now directly owns 114,342 shares in the company, valued at approximately $5,145,390. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James Leddy sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $48.85, for a total value of $195,400.00. Following the completion of the sale, the chief financial officer now owns 145,589 shares in the company, valued at $7,112,022.65. The trade was a 2.67 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 11.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CHEF. Jefferies Financial Group upped their price target on Chefs’ Warehouse from $58.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets increased their target price on shares of Chefs’ Warehouse from $50.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Finally, Lake Street Capital boosted their price target on shares of Chefs’ Warehouse from $48.00 to $60.00 and gave the company a “buy” rating in a report on Monday, December 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.80.

About Chefs’ Warehouse

The Chefs’ Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company’s product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.