Chefs' Warehouse (CHEF)

• Market cap: $2.18B
• 1 day: 0.38%
• 5 days: -3.11%
• 1 month: -2.17%
• 3 months: -1.42%
• 6 months: 29.26%
• Year to date: 7.22%
• 1 year: 54.79%
• 5 years: 156.77%
• 10 years: 156.77%
• Sector: Consumer Staples
• Industry: Food Distribution

About: The Chefs' Warehouse Inc is a specialty food distributor in metropolitan areas across the United States and Canada. The company's product portfolio is comprised of imported and local specialty food products such as cheese, cooking oils, chocolates, dried food, baking products, meats, and other food products. It operates via one reporting segment called Food Product Distribution. Operations are concentrated on the east, midwest, and west coasts of the U.S. The company provides service to restaurants, clubs, hotels, caterers, schools, bakeries, casinos, and specialty food stores.

Employees: 5,029

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

84% more call options, than puts

Call options by funds: $5.69M | Put options by funds: $3.1M

33% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 4 (+1) [Q4]

27% more repeat investments, than reductions

Existing positions increased: 70 | Existing positions reduced: 55

23% more capital invested

Capital invested by funds: $1.5B [Q3] → $1.85B (+$350M) [Q4]

5.15% more ownership

Funds ownership: 89.59% [Q3] → 94.74% (+5.15%) [Q4]

5% less funds holding

Funds holding: 194 [Q3] → 184 (-10) [Q4]

18% less first-time investments, than exits

New positions opened: 23 | Existing positions closed: 28

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $68 28% upside
• Avg. target: $70 30% upside
• High target: $73 37% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Benchmark Todd Brooks 31% 1-year accuracy 14 / 45 met price target	28% upside $68	Buy Reiterated	17 Mar 2025
Lake Street Ben Klieve 15% 1-year accuracy 2 / 13 met price target	28% upside $68	Buy Maintained	13 Feb 2025
BMO Capital Kelly Bania 67% 1-year accuracy 12 / 18 met price target	37% upside $73	Outperform Maintained	13 Feb 2025
UBS Mark Carden 30% 1-year accuracy 3 / 10 met price target	30% upside $69	Buy Maintained	13 Feb 2025