The Chefs' Warehouse, Inc (CHEF) PT Raised to $125 at Benchmark on Increasing Scale Advantages

Benchmark analyst Todd Brooks raised the price target on The Chefs' Warehouse, Inc (NASDAQ: CHEF) to $125.00 (from $106.00) while maintaining a Buy rating.

The analyst commented, "Before the open on July 29th, Chefs’ Warehouse (CHEF) reported 2Q26 operating results that again bested consensus on each key metric in a quarter that saw the company translate continued market shares gains into strong organic revenue growth of 12.2% which fueled a substantial 120bps improvement in AEBITDA margin to 7.5%. Revenue of $1.17B bested consensus of $1.13B, while operating margin of 5% beat by 80bps. AEPS and AEBITDA of $0.78 and $88M respectively came in above consensus of $0.59 and $74M. Management provided an updated 5-year operating outlook through 2030 that foresees CHEF achieving revenues 0f $6B-$6.5B (on 6% to 9% organic growth annually), and AEBITDA of $450M-$520M (AEBITDA margin of 7.5%-8%) in guidance that management qualified as “typically conservative”. We are maintaining our Buy rating and again raising our PT (to $125) reflecting the increasing scale advantages that are fueling operating results for CHEF."

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