The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Releases 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 analysts recently commented on the company. ValuEngine raised 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 assumed coverage on The Chefs’ Warehouse in a report on Monday, May 15th. They issued a buy rating and a $18.00 price target for the company. Canaccord Genuity assumed coverage on The Chefs’ Warehouse in a report on Tuesday, July 4th. They issued a buy rating and a $18.00 price target for the company. Finally, BMO Capital Markets set a $16.00 price target on The Chefs’ Warehouse and gave the company a hold rating in a report on Thursday, August 3rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $16.50.
The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) traded down 0.68% on Wednesday, reaching $14.50. The company’s stock had a trading volume of 207,428 shares. The firm has a market capitalization of $382.09 million, a PE ratio of 966.67 and a beta of 1.13. The Chefs’ Warehouse, Inc. has a 52 week low of $10.71 and a 52 week high of $17.15. The stock’s 50 day moving average is $13.60 and its 200-day moving average is $14.53.
The Chefs’ Warehouse (NASDAQ:CHEF) last released its quarterly earnings data on Tuesday, May 9th. The company reported ($0.05) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.05). The company had revenue of $287.70 million for the quarter, compared to the consensus estimate of $284.45 million. The Chefs’ Warehouse had a return on equity of 4.75% and a net margin of 0.03%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.05 earnings per share. Analysts predict that The Chefs’ Warehouse, Inc. will post $0.38 EPS for the current year.
COPYRIGHT VIOLATION NOTICE: This piece of content was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://www.watchlistnews.com/the-chefs-warehouse-inc-nasdaqchef-releases-fy17-earnings-guidance/1466182.html.
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.
Receive News & Ratings for The Chefs' Warehouse Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Chefs' Warehouse Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.