Analyst Alexander Slagle of Jefferies reiterated a Buy rating on The Chefs’ Warehouse (CHEF – Research Report), boosting the price target to $67.00.
Alexander Slagle has given his Buy rating due to a combination of factors that highlight The Chefs’ Warehouse’s strong performance and potential for future growth. The company has demonstrated significant share gains, as evidenced by its impressive case volume growth, which exceeded market expectations. This momentum is supported by effective operational strategies, including improvements in sales force capabilities and leveraging competitive advantages.
Additionally, The Chefs’ Warehouse has shown operational expenditure efficiencies, contributing to an EBITDA upside. The company has raised its 2025 guidance, reflecting a conservative outlook that leaves room for further upside potential. Slagle believes that the company is well-positioned to capitalize on the demand from higher-income consumers and is at an inflection point where it can enhance margin leverage through strategic investments and acquisitions. These factors collectively make the stock a compelling buy, with a price target set at $67.
In another report released yesterday, BTIG also reiterated a Buy rating on the stock with a $68.00 price target.
CHEF’s price has also changed dramatically for the past six months – from $39.260 to $56.970, which is a 45.11% increase.