Chefs' Warehouse (CHEF) Stock Forecast, Price Target & Predictions
CHEF Stock Forecast
Chefs' Warehouse stock forecast is as follows: an average price target of $48.75 (represents a 20.61% upside from CHEF’s last price of $40.42) 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 $48.75 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $51.00 to $48.00. This represents a potential 20.61% upside from CHEF's last price of $40.42.
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 |
|---|---|---|---|---|---|---|
| Jul 29, 2024 | Andy Barish | Jefferies | $51.00 | $43.77 | 16.52% | 26.18% |
| Dec 21, 2022 | Alexander Slagle | Jefferies | $43.00 | $34.22 | 25.66% | 6.38% |
| Aug 22, 2022 | - | BTIG | $48.00 | $34.03 | 41.05% | 18.75% |
| Jul 07, 2022 | - | BMO Capital | $48.00 | $38.72 | 23.97% | 18.75% |
| Jun 23, 2022 | - | Lake Street | $48.00 | $35.09 | 36.79% | 18.75% |
| Apr 28, 2022 | - | BMO Capital | $44.00 | $37.13 | 18.50% | 8.86% |
The latest Chefs' Warehouse stock forecast, released on Jul 29, 2024 by Andy Barish from Jefferies, set a price target of $51.00, which represents a 16.52% increase from the stock price at the time of the forecast ($43.77), and a 26.18% increase from CHEF last price ($40.42).
Chefs' Warehouse Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 1 |
| Avg Price Target | - | $51.00 | $51.00 |
| Last Closing Price | $40.42 | $40.42 | $40.42 |
| Upside/Downside | -100.00% | 26.18% | 26.18% |
In the current month, the average price target of Chefs' Warehouse stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Chefs' Warehouse's last price of $40.42. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jul 29, 2024 | Jefferies | Buy | Buy | Hold |
| Dec 21, 2022 | Piper Sandler | - | Overweight | Upgrade |
| Dec 21, 2022 | Jefferies | - | Hold | Downgrade |
| Dec 21, 2022 | Wedbush | - | Neutral | 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 |
| Jun 23, 2022 | Lake Street | Buy | Buy | Hold |
| Apr 28, 2022 | BMO Capital | Outperform | Outperform | Hold |
Chefs' Warehouse's last stock rating was published by Jefferies on Jul 29, 2024. The company gave CHEF a "Buy" rating, the same as its previous rate.
Chefs' Warehouse Financial Forecast
Chefs' Warehouse Revenue Forecast
| 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 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | $357.03M | $394.06M | $361.50M |
| Avg Forecast | $1.07B | $997.19M | $1.02B | $927.60M | $1.01B | $936.57M | $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 | $348.33M | $394.06M | $361.50M |
| High Forecast | $1.08B | $1.00B | $1.02B | $934.52M | $1.01B | $945.61M | $952.40M | $839.47M | $911.92M | $858.88M | $833.80M | $636.90M | $741.76M | $625.27M | $607.61M | $488.28M | $516.00M | $456.99M | $360.46M | $273.79M | $273.54M | $270.76M | $216.99M | $351.89M | $435.63M | $402.49M | $416.48M | $353.66M | $472.87M | $433.80M |
| Low Forecast | $1.06B | $985.39M | $1.00B | $916.61M | $994.02M | $927.51M | $934.15M | $823.39M | $907.09M | $813.96M | $817.82M | $624.70M | $727.54M | $613.28M | $607.61M | $472.44M | $499.26M | $442.16M | $348.76M | $264.91M | $264.66M | $261.98M | $209.95M | $340.48M | $421.50M | $389.43M | $402.97M | $342.19M | $315.24M | $289.20M |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 1 | 2 | 8 | 4 | 7 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 8 | 7 |
| 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% | 1.02% | 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 $823.39M, and a high forecast of $839.47M. 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
| 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 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 1 | 2 | 8 | 4 | 7 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 8 | 7 |
| 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 | $11.91M | $23.82M | $15.97M |
| Avg Forecast | $22.85M | $21.33M | $21.74M | $19.84M | $21.52M | $20.04M | $20.22M | $97.62M | $19.46M | $17.89M | $17.71M | $104.41M | $15.75M | $16.88M | $13.00M | $111.66M | $15.13M | $15.35M | $25.34M | $-9.29M | $-20.61M | $-2.84M | $-15.65M | $-9.00M | $24.70M | $18.80M | $19.81M | $13.85M | $23.69M | $15.97M |
| High Forecast | $23.02M | $21.49M | $21.90M | $19.99M | $21.68M | $20.23M | $20.38M | $117.14M | $19.51M | $18.37M | $17.84M | $125.29M | $15.87M | $20.26M | $13.00M | $134.00M | $18.16M | $18.42M | $30.41M | $-7.44M | $-16.49M | $-2.27M | $-12.52M | $-7.20M | $29.64M | $22.56M | $23.77M | $16.62M | $28.42M | $19.16M |
| Low Forecast | $22.58M | $21.08M | $21.48M | $19.61M | $21.27M | $19.84M | $19.98M | $78.10M | $19.41M | $17.41M | $17.50M | $83.53M | $15.56M | $13.51M | $13.00M | $89.33M | $12.10M | $12.28M | $20.27M | $-11.15M | $-24.73M | $-3.41M | $-18.78M | $-10.80M | $19.76M | $15.04M | $15.85M | $11.08M | $18.95M | $12.77M |
| Surprise % | - | - | - | - | - | - | - | - | 2.73% | 2.26% | - | 0.23% | 1.89% | 1.86% | 2.84% | 0.14% | 1.05% | 1.25% | 0.53% | 1.24% | 1.93% | 4.20% | 1.09% | 1.00% | 0.75% | 0.93% | 1.11% | 0.86% | 1.01% | 1.00% |
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
| 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 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 1 | 2 | 8 | 4 | 7 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 8 | 7 |
| 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 | $1.13M | $8.88M | $4.16M |
| Avg Forecast | $28.43M | $20.33M | $22.20M | $9.54M | $23.18M | $15.49M | $16.80M | $8.72M | $19.09M | $15.59M | $21.44M | $9.32M | $21.29M | $3.04M | $13.07M | $9.97M | $5.16M | $2.76M | $2.09M | $-14.51M | $-19.18M | $-9.28M | $-18.64M | $-14.08M | $10.60M | $4.78M | $6.97M | $1.32M | $8.88M | $4.16M |
| High Forecast | $28.71M | $20.52M | $22.41M | $9.63M | $23.40M | $16.82M | $16.96M | $10.46M | $19.98M | $17.42M | $21.65M | $11.19M | $21.50M | $3.65M | $13.07M | $11.97M | $6.19M | $3.32M | $2.51M | $-11.61M | $-15.35M | $-7.43M | $-14.91M | $-11.27M | $12.72M | $5.73M | $8.37M | $1.59M | $10.66M | $4.99M |
| Low Forecast | $27.99M | $20.01M | $21.86M | $9.39M | $22.82M | $14.16M | $16.54M | $6.97M | $17.76M | $13.30M | $21.11M | $7.46M | $20.96M | $2.43M | $13.07M | $7.98M | $4.13M | $2.21M | $1.67M | $-17.41M | $-23.02M | $-11.14M | $-22.37M | $-16.90M | $8.48M | $3.82M | $5.58M | $1.06M | $7.11M | $3.33M |
| Surprise % | - | - | - | - | - | - | - | - | 0.84% | 0.47% | - | 0.15% | 0.06% | 2.72% | 1.29% | 0.14% | 1.64% | 1.25% | 0.53% | 1.24% | 1.93% | 1.23% | 1.09% | 1.00% | 1.03% | 0.93% | 1.11% | 0.86% | 1.00% | 1.00% |
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
| 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 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 1 | 2 | 8 | 4 | 7 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 8 | 7 |
| 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 | $244.20M | $227.97M | $232.27M | $212.06M | $229.97M | $214.11M | $216.12M | $692.93M | $207.93M | $191.17M | $189.21M | $144.53M | $168.32M | $87.50M | $138.91M | $109.95M | $66.74M | $79.54M | $171.94M | $64.96M | $42.41M | $62.33M | $48.86M | $79.24M | $98.09M | $90.63M | $93.78M | $79.63M | $90.09M | $82.64M |
| High Forecast | $246.02M | $229.68M | $234.00M | $213.65M | $231.69M | $216.18M | $217.73M | $831.51M | $208.48M | $196.35M | $190.62M | $145.61M | $169.58M | $105.00M | $138.91M | $111.63M | $80.09M | $95.45M | $206.33M | $77.95M | $50.89M | $74.79M | $49.61M | $80.45M | $99.59M | $92.01M | $95.21M | $80.85M | $108.10M | $99.17M |
| Low Forecast | $241.31M | $225.27M | $229.52M | $209.55M | $227.25M | $212.04M | $213.56M | $554.34M | $207.37M | $186.08M | $186.97M | $142.82M | $166.33M | $70.00M | $138.91M | $108.01M | $53.40M | $63.64M | $137.55M | $51.97M | $33.92M | $49.86M | $48.00M | $77.84M | $96.36M | $89.03M | $92.12M | $78.23M | $72.07M | $66.11M |
| Surprise % | - | - | - | - | - | - | - | - | 0.91% | 0.94% | - | 1.08% | 0.91% | 1.49% | 0.90% | 1.00% | 1.64% | 1.25% | 0.53% | 1.24% | 1.96% | 1.23% | - | - | - | - | - | - | - | - |
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
| 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 | Mar 19 | Dec 18 | Sep 18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 1 | 2 | 8 | 4 | 7 | 3 | 6 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 8 | 7 |
| 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 | $0.04 | $0.30 | $0.14 |
| Avg Forecast | $0.62 | $0.44 | $0.48 | $0.21 | $0.50 | $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 | $0.06 | $0.32 | $0.19 |
| High Forecast | $0.62 | $0.45 | $0.49 | $0.21 | $0.51 | $0.37 | $0.37 | $0.07 | $0.43 | $0.38 | $0.47 | $0.09 | $0.47 | $0.28 | $0.34 | $0.01 | $0.19 | $0.08 | $-0.31 | $-0.42 | $-0.33 | $-0.31 | $-0.47 | $-0.23 | $0.39 | $0.26 | $0.31 | $0.06 | $0.38 | $0.23 |
| Low Forecast | $0.61 | $0.44 | $0.48 | $0.20 | $0.50 | $0.31 | $0.36 | $0.07 | $0.39 | $0.29 | $0.46 | $0.09 | $0.46 | $0.28 | $0.34 | $0.01 | $0.19 | $0.08 | $-0.33 | $-0.43 | $-0.35 | $-0.32 | $-0.49 | $-0.24 | $0.37 | $0.25 | $0.29 | $0.05 | $0.26 | $0.15 |
| 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% | 0.73% | 0.94% | 0.74% |
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 |
|---|---|---|---|---|---|
| UNFI | United Natural Foods | $15.33 | $39.75 | 159.30% | Hold |
| AVO | Mission Produce | $10.73 | $19.00 | 77.07% | Buy |
| CVGW | Calavo Growers | $24.13 | $31.00 | 28.47% | - |
| SPTN | SpartanNash Company | $22.09 | $27.50 | 24.49% | Hold |
| CHEF | Chefs' Warehouse | $40.41 | $48.75 | 20.64% | Buy |
| SYY | Sysco | $78.58 | $88.25 | 12.31% | Buy |
| PFGC | Performance Food Group Company | $71.50 | $74.44 | 4.11% | Buy |
| USFD | US Foods | $57.11 | $55.55 | -2.73% | Buy |
CHEF Forecast FAQ
Is Chefs' Warehouse a good buy?
Yes, according to 8 Wall Street analysts, Chefs' Warehouse (CHEF) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 75.00% of CHEF's total ratings.
What is CHEF's price target?
Chefs' Warehouse (CHEF) average price target is $48.75 with a range of $48 to $51, implying a 20.61% from its last price of $40.42. The data is based on 8 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Chefs' Warehouse stock go up soon?
According to Wall Street analysts' prediction for CHEF stock, the company can go up by 20.61% (from the last price of $40.42 to the average price target of $48.75), up by 26.18% based on the highest stock price target, and up by 18.75% based on the lowest stock price target.
Can Chefs' Warehouse stock reach $60?
CHEF's average twelve months analyst stock price target of $48.75 does not support the claim that Chefs' Warehouse can reach $60 in the near future.
What are Chefs' Warehouse's analysts' financial forecasts?
Chefs' Warehouse's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $3.72B (high $3.75B, low $3.68B), average EBITDA is $159.4M (high $179.43M, low $139.19M), average net income is $64.18M (high $67.64M, low $60.5M), average SG&A $1.35B (high $1.5B, low $1.21B), and average EPS is $1.28 (high $1.31, low $1.23). CHEF's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.01B (high $4.04B, low $3.96B), average EBITDA is $85.77M (high $86.41M, low $84.75M), average net income is $80.5M (high $81.28M, low $79.26M), average SG&A $916.51M (high $923.35M, low $905.66M), and average EPS is $1.75 (high $1.77, low $1.72).
Did the CHEF's actual financial results beat the analysts' financial forecasts?
Based on Chefs' Warehouse's last annual report (Dec 2023), the company's revenue was $3.43B, beating the average analysts forecast of $3.21B by 7.12%. Apple's EBITDA was $165.32M, beating the average prediction of $159.46M by 3.68%. The company's net income was $34.59M, missing the average estimation of $65.45M by -47.15%. Apple's SG&A was $704.76M, missing the average forecast of $732.83M by -3.83%. Lastly, the company's EPS was $0.76, missing the average prediction of $1.31 by -42.12%. In terms of the last quarterly report (Dec 2023), Chefs' Warehouse's revenue was $950.47M, beating the average analysts' forecast of $909.5M by 4.50%. The company's EBITDA was $53.17M, beating the average prediction of $19.46M by 173.28%. Chefs' Warehouse's net income was $16M, missing the average estimation of $19.09M by -16.19%. The company's SG&A was $189.96M, missing the average forecast of $207.93M by -8.64%. Lastly, the company's EPS was $0.35, missing the average prediction of $0.415 by -15.76%