Chefs’ Warehouse (NASDAQ:CHEF – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.04, Briefing.com reports. Chefs’ Warehouse had a net margin of 0.98% and a return on equity of 12.30%. The company had revenue of $954.70 million for the quarter, compared to analysts’ expectations of $945.34 million. During the same period in the prior year, the business earned $0.35 earnings per share. Chefs’ Warehouse’s revenue for the quarter was up 8.3% compared to the same quarter last year. Chefs’ Warehouse updated its FY 2024 guidance to EPS.
Chefs’ Warehouse Trading Down 2.4 %
CHEF traded down $0.99 on Thursday, hitting $40.60. 542,832 shares of the company were exchanged, compared to its average volume of 343,536. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.17 and a current ratio of 1.92. Chefs’ Warehouse has a 12 month low of $17.29 and a 12 month high of $44.58. The firm has a fifty day simple moving average of $39.97 and a two-hundred day simple moving average of $36.96. The stock has a market capitalization of $1.61 billion, a PE ratio of 46.67 and a beta of 2.30.
Insider Buying and Selling at Chefs’ Warehouse
In related news, General Counsel Alexandros Aldous sold 2,191 shares of Chefs’ Warehouse stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $40.00, for a total value of $87,640.00. Following the transaction, the general counsel now directly owns 136,477 shares of the company’s stock, valued at $5,459,080. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 20,000 shares of company stock worth $825,000. 11.90% of the stock is currently owned by insiders.
Analysts Set New Price Targets
View Our Latest Stock Report on Chefs’ Warehouse
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.
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