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

Chefs’ Warehouse (NASDAQ:CHEF) posted its quarterly earnings results on Wednesday. The company reported $0.55 earnings per share for the quarter, topping the consensus estimate 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 Price Performance

CHEF opened at $63.18 on Friday. The company’s 50-day simple moving average is $51.59 and its two-hundred day simple moving average is $44.63. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.85. The stock has a market capitalization of $2.50 billion, a P/E ratio of 55.42 and a beta of 2.29. Chefs’ Warehouse has a 52-week low of $31.96 and a 52-week high of $63.78.

Insider Transactions at Chefs’ Warehouse

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Jefferies Financial Group increased their target price on Chefs’ Warehouse from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, January 15th. Benchmark increased their price objective on shares of Chefs’ Warehouse from $55.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday. UBS Group raised their price objective on shares of Chefs’ Warehouse from $60.00 to $69.00 and gave the company a “buy” rating in a research note on Thursday. Lake Street Capital upped their target price on shares of Chefs’ Warehouse from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, BMO Capital Markets raised their price target on shares of Chefs’ Warehouse from $60.00 to $73.00 and gave the company an “outperform” rating in a research report on Thursday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, Chefs’ Warehouse has an average rating of “Moderate Buy” and an average price target of $67.60.

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.