Analyst Kelly Bania from BMO Capital reiterated a Buy rating on The Chefs’ Warehouse (CHEF – Research Report) and keeping the price target at $73.00.
Kelly Bania has given her Buy rating due to a combination of factors that highlight The Chefs’ Warehouse’s promising future. The company has reiterated its 2025 guidance, showing confidence in its growth trajectory despite broader economic concerns. This guidance includes an expected EBITDA growth of around 9% year-over-year, with a flow-through improvement from historical levels, supporting a mid-teens return on invested capital by 2028.
Additionally, The Chefs’ Warehouse is capitalizing on both mature and high-growth markets, which are projected to significantly contribute to sales growth. The company’s investments in its salesforce and technology are also noteworthy. The salesforce has expanded notably in high-growth regions, and technology advancements like the new analytics suite and voice pick order selection are enhancing competitive advantages. These strategic initiatives are expected to drive efficiency and sustain growth, justifying the Buy rating.
In another report released yesterday, Benchmark Co. also maintained a Buy rating on the stock with a $68.00 price target.
CHEF’s price has also changed moderately for the past six months – from $41.240 to $52.360, which is a 26.96% increase.