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The Chefs' Warehouse, Inc. (CHEF) engages in distribution of specialty food products in the United States and Canada. 
The company's product portfolio includes approximately 50,000 stock-keeping units, such as specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products.
It also offers a line of center-of-the-plate products, including custom cut beef, seafood, and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk, and flour.
The company serves menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos, and specialty food stores. It markets its center-of-the-plate products directly to consumers through a mail and e-commerce platform.
On April 27th, CHEF reported 1st Quarter March 2022 earnings of $0.10 per share on revenue of $512.1 million. The consensus earnings estimate was $0.03 per share on revenue of $480.1 million. Revenue grew 82.8% on a year-over-year basis.
The company said it expects 2022 revenue of $2.13 billion to $2.23 billion. The company's previous guidance was revenue of $2.10 billion to $2.20 billion and the current consensus revenue estimate is $2.17 billion for the year ending December 31, 2022. The Company reports July 27th.
Shares have formed a bullish "cup and handle" and are expected to move higher from this formation.
Entry Point: $38.25
Stop Loss: $36.00
Trading Range: $25.60 to $42.16
Target Price: $42.00
