Chefs’ Warehouse (NASDAQ:CHEF) Posts Earnings Results, Beats Estimates By $0.04 EPS

Chefs’ Warehouse (NASDAQ:CHEF) released its earnings results on Wednesday. The company reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.04, Zacks reports. Chefs’ Warehouse had a return on equity of 12.67% and a net margin of 1.28%.

Chefs’ Warehouse Stock Performance

Shares of CHEF traded up $6.74 during trading hours on Wednesday, hitting $61.22. The stock had a trading volume of 525,437 shares, compared to its average volume of 369,275. The stock has a fifty day moving average price of $51.03 and a 200 day moving average price of $44.40. Chefs’ Warehouse has a 12 month low of $31.96 and a 12 month high of $61.49. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.85 and a quick ratio of 1.06. The firm has a market capitalization of $2.42 billion, a PE ratio of 53.68 and a beta of 2.29.

Analysts Set New Price Targets

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

Insider Buying and Selling at Chefs’ Warehouse

In other Chefs’ Warehouse news, CFO James Leddy sold 4,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $48.85, for a total transaction of $195,400.00. Following the completion of the sale, the chief financial officer now owns 145,589 shares of the company’s stock, valued at approximately $7,112,022.65. The trade was a 2.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Alexandros Aldous sold 5,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $45.00, for a total value of $225,000.00. Following the sale, the general counsel now directly owns 114,342 shares of the company’s stock, valued at $5,145,390. This represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. 11.90% of the stock is currently owned by corporate insiders.

Chefs’ Warehouse Company Profile

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.