The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Updates FY17 Earnings Guidance

The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.38-$0.42 for the period, compared to the Thomson Reuters consensus estimate of $0.38. The company issued revenue guidance of $1.28-$1.29, compared to the consensus revenue estimate of $1.28 billion.

A number of research firms have recently commented on CHEF. ValuEngine upgraded The Chefs’ Warehouse from a sell rating to a hold rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded The Chefs’ Warehouse from a buy rating to a hold rating in a report on Monday, July 17th. Loop Capital began coverage on The Chefs’ Warehouse in a report on Monday, May 15th. They set a buy rating and a $18.00 price objective for the company. Canaccord Genuity began coverage on The Chefs’ Warehouse in a report on Tuesday, July 4th. They set a buy rating and a $18.00 price objective for the company. Finally, BMO Capital Markets set a $16.00 price objective on The Chefs’ Warehouse and gave the stock a hold rating in a report on Thursday, August 3rd. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $17.83.

Shares of The Chefs’ Warehouse, Inc. (NASDAQ CHEF) traded up 0.57% during mid-day trading on Friday, reaching $17.50. 171,745 shares of the company were exchanged. The firm’s 50-day moving average is $14.43 and its 200-day moving average is $14.60. The company has a market capitalization of $461.30 million, a price-to-earnings ratio of 36.31 and a beta of 1.13. The Chefs’ Warehouse, Inc. has a 12 month low of $10.71 and a 12 month high of $18.30.

The Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings results on Wednesday, August 9th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. The Chefs’ Warehouse had a net margin of 0.99% and a return on equity of 4.56%. The company had revenue of $331.70 million during the quarter, compared to the consensus estimate of $325.16 million. During the same quarter in the prior year, the firm earned $0.15 EPS. The company’s revenue was up 13.6% compared to the same quarter last year. On average, equities analysts forecast that The Chefs’ Warehouse, Inc. will post $0.41 earnings per share for the current fiscal year.

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The Chefs’ Warehouse Company Profile

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.

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

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