The Chefs Warehouse, Inc (CHEF) Issues FY17 Earnings Guidance

The Chefs Warehouse, Inc (NASDAQ:CHEF) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $0.36-0.41 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.37. The company issued revenue guidance of $1.27-1.29 billion, compared to the consensus revenue estimate of $1.26 billion.

Several research firms have weighed in on CHEF. Loop Capital began coverage on shares of The Chefs Warehouse in a report on Monday, May 15th. They issued a buy rating and a $18.00 price target on the stock. Zacks Investment Research cut shares of The Chefs Warehouse from a hold rating to a sell rating in a report on Thursday, May 11th. Canaccord Genuity assumed coverage on shares of The Chefs Warehouse in a report on Friday, April 7th. They issued a buy rating and a $18.00 price target on the stock. BMO Capital Markets reaffirmed a hold rating and set a $16.00 target price (up from $12.00) on shares of The Chefs Warehouse in a report on Friday, February 24th. Finally, Barclays PLC reaffirmed an equal weight rating and set a $14.00 target price (up from $12.00) on shares of The Chefs Warehouse in a report on Wednesday, February 22nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $15.43.

Earnings History and Estimates for The Chefs Warehouse (NASDAQ:CHEF)

The Chefs Warehouse, Inc (NASDAQ:CHEF) traded up 4.93% during mid-day trading on Friday, hitting $14.90. 137,667 shares of the company traded hands. The firm has a market capitalization of $392.63 million, a P/E ratio of 993.33 and a beta of 1.31. The Chefs Warehouse, Inc has a one year low of $10.31 and a one year high of $17.15. The firm has a 50 day moving average of $13.98 and a 200 day moving average of $14.47.

The Chefs Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Tuesday, May 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $287.70 million for the quarter, compared to analysts’ expectations of $284.45 million. The Chefs Warehouse had a net margin of 0.05% and a return on equity of 7.47%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share. Equities research analysts expect that The Chefs Warehouse, Inc will post $0.38 earnings per share for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in The Chefs Warehouse by 7.0% in the first quarter. Vanguard Group Inc. now owns 969,858 shares of the company’s stock valued at $13,480,000 after buying an additional 63,679 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in The Chefs Warehouse by 19.9% in the first quarter. Dimensional Fund Advisors LP now owns 850,510 shares of the company’s stock valued at $11,822,000 after buying an additional 140,918 shares during the last quarter. Geode Capital Management LLC boosted its stake in The Chefs Warehouse by 9.7% in the first quarter. Geode Capital Management LLC now owns 152,286 shares of the company’s stock valued at $2,116,000 after buying an additional 13,415 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in The Chefs Warehouse by 6.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 68,754 shares of the company’s stock valued at $956,000 after buying an additional 4,104 shares during the last quarter. Finally, Morgan Stanley boosted its stake in The Chefs Warehouse by 2.0% in the first quarter. Morgan Stanley now owns 57,459 shares of the company’s stock valued at $799,000 after buying an additional 1,146 shares during the last quarter. Hedge funds and other institutional investors own 74.33% of the company’s stock.

About The Chefs Warehouse

The Chefs’ Warehouse, Inc is a distributor of specialty food products in the United States and Canada. The Company operates through food product distribution segment, which is concentrated on the East and West Coasts of the United States. The Company is focused on serving the specific needs of chefs owning and/or operating some of the menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores in the United States and Canada.

12 Month Chart for NASDAQ:CHEF

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