Chefs’ Warehouse (NASDAQ:CHEF) Raised to “Strong-Buy” at Zacks Research

Posted by Francis Steltz on May 14th, 2026

Chefs’ Warehouse (NASDAQ:CHEF – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

Other analysts have also recently issued reports about the company. Weiss Ratings cut Chefs’ Warehouse from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 1st. 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 report on Thursday, April 23rd. Morgan Stanley reissued an “overweight” rating and issued a $83.00 price target on shares of Chefs’ Warehouse in a research note on Thursday, April 30th. BTIG Research boosted their price target on Chefs’ Warehouse from $74.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Wall Street Zen raised Chefs’ Warehouse from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.83.

Check Out Our Latest Stock Report on Chefs’ Warehouse

Chefs’ Warehouse Stock Performance

Shares of CHEF stock opened at $80.50 on Tuesday. The business’s 50 day simple moving average is $65.53 and its 200 day simple moving average is $63.95. Chefs’ Warehouse has a one year low of $53.20 and a one year high of $82.81. The stock has a market capitalization of $3.28 billion, a PE ratio of 44.72 and a beta of 1.47. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.18 and a quick ratio of 1.33.

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

Insiders Place Their Bets

In other Chefs’ Warehouse news, General Counsel Alexandros Aldous sold 29,500 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $71.22, for a total value of $2,100,990.00. Following the transaction, the general counsel directly owned 72,017 shares of the company’s stock, valued at approximately $5,129,050.74. The trade was a 29.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Christopher Pappas sold 125,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $78.00, for a total value of $9,750,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,189,453 shares in the company, valued at approximately $170,777,334. This trade represents a 5.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 264,309 shares of company stock valued at $18,810,197 in the last ninety days. 11.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Chefs’ Warehouse

A number of institutional investors have recently modified their holdings of CHEF. Wellington Management Group LLP raised its position in shares of 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 raised its position in shares of 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 purchasing an additional 242,917 shares during the period. Bessemer Group Inc. raised its position in shares of 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 purchasing an additional 230,985 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of 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 purchasing an additional 173,155 shares during the period. Finally, Jefferies Financial Group Inc. raised its position in shares of Chefs’ Warehouse by 230.8% during the third quarter. Jefferies Financial Group Inc. now owns 85,000 shares of the company’s stock worth $4,958,000 after purchasing an additional 150,000 shares during the period. 91.55% of the stock is owned by institutional investors and hedge funds.

Chefs’ Warehouse Company Profile

(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.