Chefs’ Warehouse (NASDAQ:CHEF) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.91-1.01 for the period, compared to the Thomson Reuters consensus estimate of $0.97. The company issued revenue guidance of $1.52-1.57 billion, compared to the consensus revenue estimate of $1.55 billion.
Shares of CHEF stock traded up $0.92 on Wednesday, reaching $36.66. The company had a trading volume of 257,821 shares, compared to its average volume of 169,164. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.71 and a quick ratio of 1.77. The stock has a market cap of $1.09 billion, a PE ratio of 83.80, a price-to-earnings-growth ratio of 1.78 and a beta of 0.80. Chefs’ Warehouse has a 12 month low of $18.90 and a 12 month high of $39.26.
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CHEF has been the subject of a number of recent analyst reports. BidaskClub raised Chefs’ Warehouse from a hold rating to a buy rating in a research note on Saturday, November 17th. Loop Capital reaffirmed a buy rating and issued a $39.00 price target on shares of Chefs’ Warehouse in a research note on Friday, November 2nd. Finally, Zacks Investment Research cut Chefs’ Warehouse from a buy rating to a hold rating in a research note on Thursday, January 3rd. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $32.67.
In related news, Director John A. Couri sold 9,000 shares of the stock in a transaction that occurred on Friday, November 23rd. The stock was sold at an average price of $36.01, for a total transaction of $324,090.00. Following the completion of the sale, the director now directly owns 16,007 shares of the company’s stock, valued at approximately $576,412.07. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 20.60% of the stock is currently owned by corporate insiders.
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About Chefs’ Warehouse
The Chefs' Warehouse, Inc, together with its subsidiaries, distributes specialty food products in the United States and Canada. Its product portfolio includes approximately 48,000 stock-keeping units comprising specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.
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