Chefs’ Warehouse (NASDAQ:CHEF) Lowered to “Hold” Rating by Zacks Research

Posted by Geri Gentry on Jul 1st, 2026

Chefs’ Warehouse (NASDAQ:CHEF – Get Free Report) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Weiss Ratings lowered shares of Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 1st. BTIG Research lifted their price target on shares of Chefs’ Warehouse from $82.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, June 11th. Morgan Stanley reiterated an “overweight” rating and issued a $83.00 price objective on shares of Chefs’ Warehouse in a report on Thursday, April 30th. Wall Street Zen lowered Chefs’ Warehouse from a “buy” rating to a “hold” rating in a research report on Monday. Finally, UBS Group reduced their target price on Chefs’ Warehouse from $83.00 to $80.00 and set a “buy” rating on the stock in a research report on Thursday, April 23rd. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $83.83.

Read Our Latest Stock Report on Chefs’ Warehouse

Chefs’ Warehouse Stock Up 0.9%

Shares of CHEF opened at $96.10 on Monday. Chefs’ Warehouse has a 52-week low of $53.20 and a 52-week high of $97.63. The company has a quick ratio of 1.33, a current ratio of 2.18 and a debt-to-equity ratio of 1.18. The stock has a fifty day simple moving average of $81.28 and a two-hundred day simple moving average of $69.87. The company has a market capitalization of $3.92 billion, a PE ratio of 53.39 and a beta of 1.44.

Chefs’ Warehouse (NASDAQ:CHEF – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.17. Chefs’ Warehouse had a net margin of 1.87% and a return on equity of 15.54%. The firm had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The company’s revenue was up 11.4% compared to the same quarter last year. As a group, equities analysts forecast that Chefs’ Warehouse will post 2.37 EPS for the current year.

Insider Buying and Selling

In other Chefs’ Warehouse news, CEO Christopher Pappas sold 125,000 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was 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 in the company, valued at $170,777,334. This represents a 5.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 on Tuesday, May 19th. The stock was sold at an average price of $79.21, for a total value of $356,445.00. Following the transaction, the insider owned 24,642 shares in the company, valued at $1,951,892.82. This trade represents a 15.44% 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 owned by insiders.

Hedge Funds Weigh In On Chefs’ Warehouse

Institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Chefs’ Warehouse by 12.2% during the fourth quarter. Wellington Management Group LLP now owns 2,930,463 shares of the company’s stock worth $182,656,000 after purchasing an additional 318,942 shares during the period. Millennium Management LLC grew its holdings in Chefs’ Warehouse by 2,871.7% during the fourth quarter. Millennium Management LLC now owns 251,376 shares of the company’s stock worth $15,668,000 after acquiring an additional 242,917 shares during the period. Bessemer Group Inc. grew its holdings in Chefs’ Warehouse by 117,849.5% during the first quarter. Bessemer Group Inc. now owns 231,181 shares of the company’s stock worth $13,744,000 after acquiring an additional 230,985 shares during the period. Massachusetts Financial Services Co. MA raised its position in Chefs’ Warehouse by 18.6% in 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 in the last quarter. Finally, Jefferies Financial Group Inc. raised its position in Chefs’ Warehouse by 230.8% in the third quarter. Jefferies Financial Group Inc. now owns 85,000 shares of the company’s stock worth $4,958,000 after acquiring an additional 150,000 shares in the last quarter. 91.55% of the stock is owned by institutional investors and hedge funds.

About Chefs’ Warehouse

(Get Free Report)

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.