Chefs’ Warehouse (NASDAQ:CHEF) Price Target Raised to $125.00 at BTIG Research

Chefs’ Warehouse (NASDAQ:CHEF) had its price objective raised by BTIG Research from $100.00 to $125.00 in a report released on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price target would indicate a potential upside of 18.34% from the company’s previous close.

Several other research firms also recently commented on CHEF. Benchmark boosted their target price on shares of Chefs’ Warehouse from $90.00 to $106.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. UBS Group cut their price target on shares of Chefs’ Warehouse from $83.00 to $80.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Weiss Ratings cut shares of Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 1st. Zacks Research downgraded shares of Chefs’ Warehouse from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Finally, TD Cowen restated a “buy” rating and set a $123.00 target price (up from $110.00) on shares of Chefs’ Warehouse in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.29.

Chefs’ Warehouse Stock Performance

CHEF stock opened at $105.63 on Thursday. The firm has a 50 day simple moving average of $90.65 and a 200 day simple moving average of $74.94. Chefs’ Warehouse has a 52 week low of $53.20 and a 52 week high of $112.16. The stock has a market cap of $4.31 billion, a P/E ratio of 58.68 and a beta of 1.39. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.33 and a current ratio of 2.18.

Chefs’ Warehouse (NASDAQ:CHEF) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.19. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. Chefs’ Warehouse had a return on equity of 15.54% and a net margin of 1.87%.The business’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. Research analysts anticipate that Chefs’ Warehouse will post 2.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Chefs’ Warehouse

In other Chefs’ Warehouse news, CEO Christopher Pappas sold 125,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the chief executive officer owned 2,189,453 shares of the company’s stock, valued at $170,777,334. The trade was a 5.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Christina Polychroni sold 4,500 shares of the company’s 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 sale, the insider owned 24,642 shares of the company’s stock, valued at $1,951,892.82. This trade represents a 15.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 11.10% of the company’s stock.

Institutional Trading of Chefs’ Warehouse

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CHEF. Tudor Investment Corp ET AL bought a new stake in shares of Chefs’ Warehouse in the third quarter valued at approximately $7,142,000. Vanguard Group Inc. grew its stake in shares of Chefs’ Warehouse by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 2,807,801 shares of the company’s stock worth $175,010,000 after acquiring an additional 58,154 shares during the last quarter. Penn Capital Management Company LLC increased its position in Chefs’ Warehouse by 14.7% during the fourth quarter. Penn Capital Management Company LLC now owns 264,614 shares of the company’s stock worth $16,538,000 after acquiring an additional 34,011 shares during the period. Massachusetts Financial Services Co. MA increased its position in Chefs’ Warehouse by 18.6% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,104,826 shares of the company’s stock worth $68,864,000 after acquiring an additional 173,155 shares during the period. Finally, Aberdeen Group plc raised its stake in Chefs’ Warehouse by 19.5% during the 4th quarter. Aberdeen Group plc now owns 207,069 shares of the company’s stock valued at $12,907,000 after purchasing an additional 33,810 shares during the last quarter. Institutional investors and hedge funds own 91.55% of the company’s stock.

Chefs’ Warehouse News Summary

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

• Positive Sentiment: Second-quarter earnings were $0.78 per share, above consensus estimates ranging from $0.59 to $0.64 and up from $0.52 a year earlier. Revenue increased 12.9% year over year to $1.17 billion, beating expectations of approximately $1.12 billion. The Chefs’ Warehouse Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management forecast fiscal 2026 revenue of approximately $4.5 billion to $4.6 billion, broadly in line with the $4.5 billion consensus estimate. The outlook suggests continued sales momentum, although the company did not provide a clearly stated EPS forecast in the reported update. The Chefs’ Warehouse Shares Rise After FY26 Revenue Outlook, 2Q Earnings Beat Estimates
• Positive Sentiment: Recent Wall Street actions have supported the rally, including Buy ratings from Benchmark and BTIG and price-target increases, with TD Cowen most recently setting a $110 target. Investors also appeared positioned for the earnings catalyst following a strong first-quarter report. CHEF climbs as investors position for earnings and recent bullish analyst calls
• Neutral Sentiment: Institutional positioning was mixed in the latest quarter: Wellington Management, Goldman Sachs and BlackRock added shares, while several other funds reduced or eliminated holdings. This signals continued interest but not uniformly bullish sentiment.
• Negative Sentiment: Insiders reported seven open-market sales and no purchases during the past six months, including substantial sales by CEO Christopher Pappas. While these transactions may reflect personal liquidity needs, the absence of insider buying is a potential cautionary signal for investors.

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.