The Chefs' Warehouse, Inc. (CHEF)
The Chefs' Warehouse: Shares Are Undervalued, With Revenue Growth And Profitability
The Chefs' Warehouse operates in the food distribution market, distributing 70,000 SKUs to 44,000 customers, primarily in the foodservice space. Despite underperforming the market recently, the company has shown revenue growth, improved profitability, and optimistic guidance for the future. Management continues to invest in expanding physical capacity and making acquisitions to reach revenue targets of $4-5 billion by 2028, with potential for significant upside for investors.
3 Reasons Growth Investors Will Love Chefs' Warehouse (CHEF)
Chefs' Warehouse (CHEF) possesses solid growth attributes, which could help it handily outperform the market.
Here is Why Growth Investors Should Buy Chefs' Warehouse (CHEF) Now
Chefs' Warehouse (CHEF) is well positioned to outperform the market, as it exhibits above-average growth in financials.
The Chefs' Warehouse, Inc. (CHEF) Q2 2024 Earnings Call Transcript
The Chefs' Warehouse, Inc. (NASDAQ:CHEF ) Q2 2024 Earnings Conference Call July 31, 2024 8:30 AM ET Company Participants Alex Aldous - General Counsel, Corporate Secretary & Chief Government Relations Officer Chris Pappas - Founder, Chairman & Chief Executive Officer Jim Leddy - Chief Financial Officer Conference Call Participants Alex Slagle - Jefferies Mark Carden - UBS Todd Brooks - The Benchmark Company Peter Saleh - BTIG Ben Wood - BMO Capital Markets Andrew Wolf - C.L. King Ben Klieve - Lake Street Capital Markets Operator Greetings, and welcome to the Chefs' Warehouse Second Quarter 2024 Earnings Conference Call.
Chefs' Warehouse (CHEF) Q2 Earnings and Revenues Top Estimates
Chefs' Warehouse (CHEF) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.35 per share a year ago.
Why Fast-paced Mover Chefs' Warehouse (CHEF) Is a Great Choice for Value Investors
Chefs' Warehouse (CHEF) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Shares Sold by Amalgamated Bank
Amalgamated Bank lessened its stake in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF – Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,233 shares of the company’s stock after selling 504 shares during the period. Amalgamated Bank’s holdings in Chefs’ Warehouse were worth $448,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors and hedge funds have also made changes to their positions in CHEF. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Chefs’ Warehouse by 32.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,984 shares of the company’s stock valued at $148,000 after buying an additional 1,713 shares during the last quarter. Welch & Forbes LLC raised its holdings in Chefs’ Warehouse by 386.6% during the third quarter. Welch & Forbes LLC now owns 61,775 shares of the company’s stock worth $1,308,000 after purchasing an additional 49,080 shares in the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in Chefs’ Warehouse during the third quarter worth about $223,000. Victory Capital Management Inc. raised its holdings in Chefs’ Warehouse by 39.4% during the third quarter. Victory Capital Management Inc. now owns 18,158 shares of the company’s stock worth $385,000 after purchasing an additional 5,133 shares in the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new position in Chefs’ Warehouse during the third quarter worth about $451,000. 91.55% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets CHEF has been the subject of several analyst reports. UBS Group increased their price target on shares of Chefs’ Warehouse from $36.00 to $44.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Benchmark reissued a “buy” rating and set a $50.00 price target on shares of Chefs’ Warehouse in a report on Thursday, May 2nd. BMO Capital Markets increased their price target on shares of Chefs’ Warehouse from $35.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, StockNews.com raised shares of Chefs’ Warehouse from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd. Get Our Latest Stock Analysis on Chefs’ Warehouse Chefs’ Warehouse Trading Down 1.5 % Shares of Chefs’ Warehouse stock opened at $38.92 on Monday. The Chefs’ Warehouse, Inc. has a 12-month low of $17.29 and a 12-month high of $39.66. The company has a current ratio of 1.92, a quick ratio of 1.17 and a debt-to-equity ratio of 1.49. The stock has a market cap of $1.55 billion, a PE ratio of 44.74 and a beta of 2.22. The company has a 50-day moving average of $35.98 and a two-hundred day moving average of $32.39. Chefs’ Warehouse (NASDAQ:CHEF – Get Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.07 by $0.08. The company had revenue of $874.50 million during the quarter, compared to analysts’ expectations of $833.25 million. Chefs’ Warehouse had a net margin of 0.98% and a return on equity of 12.30%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. On average, research analysts anticipate that The Chefs’ Warehouse, Inc. will post 1.37 EPS for the current fiscal year. Chefs’ Warehouse Company Profile (Free Report) 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.
