Chefs' Warehouse (CHEF) Stock Forecast, Price Target & Predictions
CHEF Stock Forecast
Chefs' Warehouse stock forecast is as follows: an average price target of $51.00 (represents a 21.78% upside from CHEF’s last price of $41.88) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.
CHEF Price Target
The average price target for Chefs' Warehouse (CHEF) is $51.00 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $55.00 to $48.00. This represents a potential 21.78% upside from CHEF's last price of $41.88.
CHEF Analyst Ratings
According to 8 Wall Street analysts, Chefs' Warehouse's rating consensus is 'Buy'. The analyst rating breakdown for CHEF stock is 0 'Strong Buy' (0.00%), 6 'Buy' (75.00%), 2 'Hold' (25.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Chefs' Warehouse Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 30, 2024 | Kelly Bania | BMO Capital | $55.00 | $39.26 | 40.09% | 31.33% |
| Sep 25, 2024 | Andy Barish | Jefferies | $53.00 | $40.34 | 31.37% | 26.55% |
| Jul 29, 2024 | Andy Barish | Jefferies | $51.00 | $43.77 | 16.52% | 21.78% |
| Dec 21, 2022 | Alexander Slagle | Jefferies | $43.00 | $34.22 | 25.66% | 2.67% |
| Aug 22, 2022 | - | BTIG | $48.00 | $34.03 | 41.05% | 14.61% |
| Jul 07, 2022 | - | BMO Capital | $48.00 | $38.72 | 23.97% | 14.61% |
| Jun 23, 2022 | - | Lake Street | $48.00 | $35.09 | 36.79% | 14.61% |
| Apr 28, 2022 | - | BMO Capital | $44.00 | $37.13 | 18.50% | 5.06% |
The latest Chefs' Warehouse stock forecast, released on Oct 30, 2024 by Kelly Bania from BMO Capital, set a price target of $55.00, which represents a 40.09% increase from the stock price at the time of the forecast ($39.26), and a 31.33% increase from CHEF last price ($41.88).
Chefs' Warehouse Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 2 | 3 |
| Avg Price Target | $55.00 | $54.00 | $53.00 |
| Last Closing Price | $41.88 | $41.88 | $41.88 |
| Upside/Downside | 31.33% | 28.94% | 26.55% |
In the current month, the average price target of Chefs' Warehouse stock is $55.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 31.33% increase as opposed to Chefs' Warehouse's last price of $41.88. This month's average price target is up 1.85% compared to last quarter, and up 3.77% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 30, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Sep 25, 2024 | Jefferies | Buy | Buy | Hold |
| Jul 29, 2024 | Jefferies | Buy | Buy | Hold |
| Dec 21, 2022 | Piper Sandler | - | Overweight | Upgrade |
| Dec 21, 2022 | Wedbush | - | Neutral | Downgrade |
| Dec 21, 2022 | Jefferies | - | Hold | Downgrade |
| Dec 21, 2022 | Raymond James | - | Market Perform | Initialise |
| Aug 22, 2022 | BTIG | Buy | Buy | Hold |
| Jul 07, 2022 | BMO Capital | Outperform | Outperform | Hold |
| Jun 24, 2022 | Benchmark | Buy | Buy | Hold |
Chefs' Warehouse's last stock rating was published by BMO Capital on Oct 30, 2024. The company gave CHEF a "Outperform" rating, the same as its previous rate.
Chefs' Warehouse Financial Forecast
Chefs' Warehouse Revenue Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | $950.47M | $881.83M | - | $719.64M | $791.34M | $661.86M | $648.10M | $512.10M | $558.25M | $484.32M | $422.97M | $280.22M | $281.67M | $254.03M | $200.50M | $375.43M | $426.51M | $396.88M | $411.42M |
| Avg Forecast | $1.08B | $1.09B | $983.68M | $1.07B | $995.08M | $1.02B | $928.07M | $1.00B | $935.89M | $945.34M | $833.25M | $909.50M | $836.19M | $827.62M | $632.18M | $736.26M | $620.63M | $607.61M | $480.92M | $508.23M | $450.10M | $355.02M | $269.66M | $269.41M | $266.68M | $213.72M | $346.59M | $429.06M | $396.42M | $410.20M |
| High Forecast | $1.09B | $1.10B | $993.84M | $1.08B | $1.01B | $1.03B | $937.65M | $1.01B | $936.23M | $945.34M | $833.25M | $911.92M | $858.88M | $836.17M | $638.71M | $743.87M | $620.63M | $607.61M | $480.92M | $508.23M | $450.10M | $355.02M | $269.66M | $269.41M | $266.68M | $213.72M | $346.59M | $429.06M | $396.42M | $410.20M |
| Low Forecast | $1.07B | $1.08B | $976.89M | $1.06B | $988.21M | $1.01B | $921.66M | $993.92M | $935.55M | $945.34M | $833.25M | $907.09M | $813.96M | $821.92M | $627.82M | $731.18M | $620.63M | $607.61M | $480.92M | $508.23M | $450.10M | $355.02M | $269.66M | $269.41M | $266.68M | $213.72M | $346.59M | $429.06M | $396.42M | $410.20M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 2 | 1 | 1 | 2 | 8 | 4 | 6 | 3 | 6 | 3 | 6 | 4 | 7 | 4 | 7 | 4 | 10 | 7 | 5 | 4 | 8 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.05% | - | 1.14% | 1.07% | 1.07% | 1.07% | 1.06% | 1.10% | 1.08% | 1.19% | 1.04% | 1.05% | 0.95% | 0.94% | 1.08% | 0.99% | 1.00% | 1.00% |
Chefs' Warehouse's average Quarter revenue forecast for Mar 24 based on 1 analysts is $833.25M, with a low forecast of $833.25M, and a high forecast of $833.25M. CHEF's average Quarter revenue forecast represents a -12.33% decrease compared to the company's last Quarter revenue of $950.47M (Dec 23).
Chefs' Warehouse EBITDA Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 2 | 1 | 1 | 2 | 8 | 4 | 6 | 3 | 6 | 3 | 6 | 4 | 7 | 4 | 7 | 4 | 10 | 7 | 5 | 4 | 8 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | $53.17M | $40.50M | - | $23.61M | $29.77M | $31.46M | $36.96M | $15.51M | $15.84M | $19.18M | $13.32M | $-11.48M | $-39.82M | $-11.93M | $-17.07M | $-8.96M | $18.43M | $17.43M | $22.02M |
| Avg Forecast | $15.31M | $15.44M | $13.97M | $15.18M | $14.13M | $14.42M | $13.18M | $14.24M | $13.29M | $13.43M | $97.62M | $12.92M | $11.88M | $11.75M | $104.41M | $16.64M | $13.28M | $13.00M | $111.66M | $10.87M | $9.63M | $7.60M | $-9.29M | $5.76M | $5.71M | $4.57M | $-9.00M | $9.18M | $8.48M | $8.78M |
| High Forecast | $15.47M | $15.60M | $14.12M | $15.33M | $14.28M | $14.57M | $13.32M | $14.38M | $13.30M | $13.43M | $117.14M | $12.95M | $12.20M | $11.88M | $125.29M | $19.97M | $13.28M | $13.00M | $134.00M | $10.87M | $9.63M | $7.60M | $-7.44M | $5.76M | $5.71M | $4.57M | $-7.20M | $9.18M | $8.48M | $8.78M |
| Low Forecast | $15.20M | $15.33M | $13.87M | $15.07M | $14.04M | $14.32M | $13.09M | $14.12M | $13.29M | $13.43M | $78.10M | $12.88M | $11.56M | $11.67M | $83.53M | $13.31M | $13.28M | $13.00M | $89.33M | $10.87M | $9.63M | $7.60M | $-11.15M | $5.76M | $5.71M | $4.57M | $-10.80M | $9.18M | $8.48M | $8.78M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 4.12% | 3.41% | - | 0.23% | 1.79% | 2.37% | 2.84% | 0.14% | 1.46% | 1.99% | 1.75% | 1.24% | -6.91% | -2.09% | -3.73% | 1.00% | 2.01% | 2.06% | 2.51% |
1 analysts predict CHEF's average Quarter EBITDA for Mar 24 to be $97.62M, with a high of $117.14M and a low of $78.10M. This is 83.59% upper than Chefs' Warehouse's previous annual EBITDA (Dec 23) of $53.17M.
Chefs' Warehouse Net Income Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 2 | 1 | 1 | 2 | 8 | 4 | 6 | 3 | 6 | 3 | 6 | 4 | 7 | 4 | 7 | 4 | 10 | 7 | 5 | 4 | 8 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | $16.00M | $7.32M | - | $1.40M | $1.17M | $8.28M | $16.91M | $1.39M | $8.44M | $3.46M | $1.10M | $-17.92M | $-37.06M | $-11.43M | $-20.33M | $-14.09M | $10.89M | $4.42M | $7.75M |
| Avg Forecast | $22.51M | $23.89M | $10.57M | $28.12M | $20.33M | $21.80M | $9.36M | $23.20M | $15.74M | $16.80M | $8.72M | $19.09M | $15.59M | $21.44M | $9.32M | $5.68M | $12.96M | $15.55M | $9.97M | $8.73M | $3.77M | $-14.70M | $-14.51M | $-15.55M | $-14.64M | $-21.90M | $-14.08M | $17.58M | $11.64M | $13.78M |
| High Forecast | $22.81M | $24.21M | $10.71M | $28.50M | $20.60M | $22.10M | $9.49M | $24.09M | $15.87M | $16.81M | $10.46M | $19.98M | $17.42M | $21.73M | $11.19M | $6.81M | $12.96M | $15.55M | $11.97M | $8.73M | $3.77M | $-14.70M | $-11.61M | $-15.55M | $-14.64M | $-21.90M | $-11.27M | $17.58M | $11.64M | $13.78M |
| Low Forecast | $22.31M | $23.68M | $10.47M | $27.87M | $20.14M | $21.61M | $9.28M | $21.86M | $15.61M | $16.79M | $6.97M | $17.76M | $13.30M | $21.25M | $7.46M | $4.54M | $12.96M | $15.55M | $7.98M | $8.73M | $3.77M | $-14.70M | $-17.41M | $-15.55M | $-14.64M | $-21.90M | $-16.90M | $17.58M | $11.64M | $13.78M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 0.47% | - | 0.15% | 0.21% | 0.64% | 1.09% | 0.14% | 0.97% | 0.92% | -0.07% | 1.24% | 2.38% | 0.78% | 0.93% | 1.00% | 0.62% | 0.38% | 0.56% |
Chefs' Warehouse's average Quarter net income forecast for Mar 24 is $8.72M, with a range of $6.97M to $10.46M. CHEF's average Quarter net income forecast represents a -45.51% decrease compared to the company's last Quarter net income of $16.00M (Dec 23).
Chefs' Warehouse SG&A Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 2 | 1 | 1 | 2 | 8 | 4 | 6 | 3 | 6 | 3 | 6 | 4 | 7 | 4 | 7 | 4 | 10 | 7 | 5 | 4 | 8 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | $189.97M | $179.61M | - | $156.14M | $153.39M | $130.25M | $124.49M | $110.09M | $109.22M | $99.43M | $90.36M | $80.25M | $82.91M | $76.71M | - | - | - | - | - |
| Avg Forecast | $246.41M | $248.48M | $224.88M | $244.28M | $227.49M | $232.07M | $212.17M | $229.21M | $213.96M | $216.12M | $692.93M | $207.93M | $191.17M | $189.21M | $144.53M | $73.42M | $141.89M | $138.91M | $109.95M | $116.19M | $102.90M | $81.16M | $64.96M | $61.59M | $60.97M | $48.86M | $79.24M | $98.09M | $90.63M | $93.78M |
| High Forecast | $248.95M | $251.05M | $227.21M | $246.81M | $229.84M | $234.47M | $214.36M | $231.50M | $214.04M | $216.12M | $831.51M | $208.48M | $196.35M | $191.16M | $146.02M | $88.10M | $141.89M | $138.91M | $109.95M | $116.19M | $102.90M | $81.16M | $77.95M | $61.59M | $60.97M | $48.86M | $79.24M | $98.09M | $90.63M | $93.78M |
| Low Forecast | $244.71M | $246.77M | $223.33M | $242.60M | $225.92M | $230.47M | $210.71M | $227.23M | $213.88M | $216.12M | $554.34M | $207.37M | $186.08M | $187.90M | $143.53M | $58.74M | $141.89M | $138.91M | $109.95M | $116.19M | $102.90M | $81.16M | $51.97M | $61.59M | $60.97M | $48.86M | $79.24M | $98.09M | $90.63M | $93.78M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 0.94% | - | 1.08% | 2.09% | 0.92% | 0.90% | 1.00% | 0.94% | 0.97% | 1.11% | 1.24% | 1.35% | 1.26% | - | - | - | - | - |
Chefs' Warehouse's average Quarter SG&A projection for Mar 24 is $692.93M, based on 1 Wall Street analysts, with a range of $554.34M to $831.51M. The forecast indicates a 264.77% rise compared to CHEF last annual SG&A of $189.97M (Dec 23).
Chefs' Warehouse EPS Forecast
| Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 5 | 2 | 1 | 1 | 2 | 8 | 4 | 6 | 3 | 6 | 3 | 6 | 4 | 7 | 4 | 7 | 4 | 10 | 7 | 5 | 4 | 8 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | $0.35 | $0.19 | - | $0.04 | $0.03 | $0.22 | $0.46 | $0.04 | $0.23 | $0.09 | $0.03 | $-0.49 | $-1.02 | $-0.31 | $-0.62 | $-0.48 | $0.37 | $0.15 | $0.26 |
| Avg Forecast | $0.49 | $0.52 | $0.23 | $0.61 | $0.44 | $0.47 | $0.20 | $0.51 | $0.34 | $0.37 | $0.07 | $0.42 | $0.34 | $0.47 | $0.09 | $0.46 | $0.28 | $0.34 | $0.01 | $0.19 | $0.08 | $-0.32 | $-0.43 | $-0.34 | $-0.32 | $-0.48 | $-0.24 | $0.38 | $0.25 | $0.30 |
| High Forecast | $0.50 | $0.53 | $0.23 | $0.62 | $0.45 | $0.48 | $0.21 | $0.52 | $0.35 | $0.37 | $0.07 | $0.43 | $0.38 | $0.47 | $0.09 | $0.47 | $0.28 | $0.34 | $0.01 | $0.19 | $0.08 | $-0.32 | $-0.43 | $-0.34 | $-0.32 | $-0.48 | $-0.24 | $0.38 | $0.25 | $0.30 |
| Low Forecast | $0.49 | $0.52 | $0.23 | $0.61 | $0.44 | $0.47 | $0.20 | $0.48 | $0.34 | $0.37 | $0.07 | $0.39 | $0.29 | $0.46 | $0.09 | $0.46 | $0.28 | $0.34 | $0.01 | $0.19 | $0.08 | $-0.32 | $-0.43 | $-0.34 | $-0.32 | $-0.48 | $-0.24 | $0.38 | $0.25 | $0.30 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | 0.84% | 0.56% | - | 0.44% | 0.06% | 0.78% | 1.36% | 5.73% | 1.21% | 1.10% | -0.09% | 1.15% | 3.01% | 0.97% | 1.30% | 2.02% | 0.97% | 0.59% | 0.87% |
According to 1 Wall Street analysts, Chefs' Warehouse's projected average Quarter EPS for Mar 24 is $0.07, with a low estimate of $0.07 and a high estimate of $0.07. This represents a -80.29% decrease compared to CHEF previous annual EPS of $0.35 (Dec 23).
Chefs' Warehouse Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| SPTN | SpartanNash Company | $18.22 | $27.50 | 50.93% | Hold |
| AVO | Mission Produce | $13.12 | $19.00 | 44.82% | Buy |
| UNFI | United Natural Foods | $21.84 | $31.50 | 44.23% | Hold |
| CHEF | Chefs' Warehouse | $41.88 | $51.00 | 21.78% | Buy |
| SYY | Sysco | $74.40 | $88.54 | 19.01% | Buy |
| CVGW | Calavo Growers | $27.10 | $31.00 | 14.39% | - |
| PFGC | Performance Food Group Company | $82.84 | $77.27 | -6.72% | Buy |
| USFD | US Foods | $66.51 | $57.91 | -12.93% | Buy |