Benchmark Co. analyst Todd Brooks has maintained their bullish stance on CHEF stock, giving a Buy rating on December 3.
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Todd Brooks has given his Buy rating due to a combination of factors that highlight the strong business momentum of The Chefs’ Warehouse. The management team, including CEO Chris Pappas and CFO Jim Leddy, conveyed a positive outlook during recent client meetings, reinforcing confidence in the company’s performance. The business trends are robust, particularly with high demand from fine dining and polished casual customers during the holiday season, which is expected to drive organic revenue growth above the company’s targeted framework.
Moreover, the company is leveraging technology to enhance its sales process, enabling sales consultants to significantly increase their earnings by maximizing client revenue potential. The strategic focus on high-quality volume growth without relying on lower margin or acquired growth further strengthens the company’s position. Additionally, the ongoing investment in new distribution and production facilities is expected to support organic growth and improve margins, while generating substantial free cash flow for share repurchases or debt reduction. These factors collectively justify the Buy rating and the $79 price target set by Todd Brooks.
In another report released on December 3, TR | OpenAI – 4o also upgraded the stock to a Buy with a $66.00 price target.