Chefs’ Warehouse (NASDAQ:CHEF) Price Target Raised to $104.00

Chefs’ Warehouse (NASDAQ:CHEF) had its target price raised by Morgan Stanley from $97.00 to $104.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other research firms have also recently commented on CHEF. Weiss Ratings cut Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 1st. BTIG Research lifted their price objective on Chefs’ Warehouse from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday. UBS Group boosted their price objective on Chefs’ Warehouse from $114.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday. TD Cowen upped their target price on Chefs’ Warehouse from $110.00 to $123.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Benchmark upped their target price on Chefs’ Warehouse from $90.00 to $106.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $107.43.

Chefs’ Warehouse Stock Performance

NASDAQ:CHEF opened at $115.35 on Thursday. The firm’s 50-day moving average is $92.11 and its 200-day moving average is $75.58. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 54.93 and a beta of 1.39. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.33 and a current ratio of 2.15. Chefs’ Warehouse has a 52-week low of $53.20 and a 52-week high of $115.72.

Chefs’ Warehouse (NASDAQ:CHEF) last released its earnings results on Wednesday, July 29th. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.19. Chefs’ Warehouse had a net margin of 2.09% and a return on equity of 16.95%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue was up 12.9% on a year-over-year basis. Equities research analysts anticipate that Chefs’ Warehouse will post 2.37 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Christina Polychroni sold 4,500 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $79.21, for a total transaction of $356,445.00. Following the completion of the sale, the insider owned 24,642 shares in the company, valued at $1,951,892.82. This trade represents a 15.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Christopher Pappas sold 125,000 shares of Chefs’ Warehouse stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $78.00, for a total transaction of $9,750,000.00. Following the transaction, the chief executive officer directly owned 2,189,453 shares of the company’s stock, valued at $170,777,334. This represents a 5.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 11.10% of the stock is currently owned by insiders.

Institutional Trading of Chefs’ Warehouse

Several large investors have recently added to or reduced their stakes in CHEF. HighTower Advisors LLC raised its stake in shares of Chefs’ Warehouse by 1.7% in the fourth quarter. HighTower Advisors LLC now owns 9,536 shares of the company’s stock valued at $594,000 after acquiring an additional 161 shares during the last quarter. State of Alaska Department of Revenue grew its position in Chefs’ Warehouse by 1.0% during the 4th quarter. State of Alaska Department of Revenue now owns 18,437 shares of the company’s stock worth $1,149,000 after acquiring an additional 183 shares during the last quarter. Osaic Holdings Inc. grew its position in Chefs’ Warehouse by 30.7% during the 2nd quarter. Osaic Holdings Inc. now owns 800 shares of the company’s stock worth $51,000 after acquiring an additional 188 shares during the last quarter. CWM LLC increased its holdings in Chefs’ Warehouse by 10.5% during the 4th quarter. CWM LLC now owns 2,133 shares of the company’s stock valued at $133,000 after purchasing an additional 203 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in Chefs’ Warehouse by 4.9% during the 2nd quarter. Tidal Investments LLC now owns 4,341 shares of the company’s stock valued at $277,000 after purchasing an additional 204 shares in the last quarter. 91.55% of the stock is owned by institutional investors.

Key Stories Impacting Chefs’ Warehouse

Here are the key news stories impacting Chefs’ Warehouse this week:

• Positive Sentiment: Strong Q2 results: Chefs’ Warehouse reported earnings of $0.78 per share, exceeding the $0.59 analyst consensus, while revenue of $1.17 billion topped expectations of $1.12 billion. Revenue increased 12.9% year over year, supported by higher volumes, customer growth and margin expansion. CHEF Q2 Earnings Beat Estimates on Volume and Margin Gains
• Positive Sentiment: Raised price targets from bullish analysts: Benchmark lifted its target from $106 to $125 and maintained a “buy” rating. BTIG Research also raised its target from $100 to $125 and rated the shares “buy,” indicating continued confidence in the company’s earnings momentum. Chefs’ Warehouse Price Target Raised to $125.00 at Benchmark
• Positive Sentiment: Improved outlook: The fiscal 2026 revenue outlook and quarterly earnings beat helped drive the stock to a new 52-week high, signaling that investors view the company’s growth and operating improvements as durable. The Chefs’ Warehouse Shares Rise After FY26 Revenue Outlook, 2Q Earnings Beat Estimates
• Neutral Sentiment: Mixed analyst view: Morgan Stanley raised its price target from $97 to $104 but retained an “equal weight” rating. Its target remains below the recent trading level, suggesting the firm sees limited upside after the post-earnings rally. Morgan Stanley Price Target Update

Chefs’ Warehouse Company Profile

Chefs’ Warehouse, Inc is a specialty food distributor that supplies a broad range of high‐end ingredients and culinary products to professional chefs, restaurants, hotels, and other foodservice operators. Headquartered in Maspeth, New York, the company sources its portfolio from local artisans, boutique producers and leading global suppliers. Its core offerings include fresh and frozen proteins, specialty cuts of meat and seafood, handcrafted cheeses and charcuterie, seasonal produce, value‐added preparations, pantry staples and premium desserts and beverages.

The company operates a network of distribution centers strategically located in major metropolitan markets across North America.