BTIG raised the firm’s price target on Chefs’ Warehouse (CHEF) to $74 from $68 and keeps a Buy rating on the shares after meeting with its management team. The firm expects Q1 sales strength to continue into Q2 and sees the company’s FY25 outlook as achievable, if not conservative, given the resilience seen in sales trends to-date, the analyst tells investors in a research note. Chefs’ Warehouse is harvesting post-COVID investments to drive several years of sales growth and margin expansion, with no need for acquisitions, the firm added.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CHEF:
- The Chefs’ Warehouse Elects New Directors at Annual Meeting
- Chefs’ Warehouse management to meet with BTIG
- The Chefs’ Warehouse: Strong Performance and Growth Potential Justify Buy Rating with $67 Price Target
- Chefs’ Warehouse price target raised to $68 from $67 at UBS
- The Chefs’ Warehouse Reports Strong Q1 2025 Growth