BMO Capital raised the firm’s price target on Chefs’ Warehouse (CHEF) to $60 from $55 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 in Food Retail. The company has the potential to regain its more premium multiple as it continues to generate solid organic growth in a fragmented market and focuses on capital allocation, integrating, and harvesting capacity expansions in 2025 and 2026, the analyst tells investors in a research note.
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Read More on CHEF:
- Chefs’ Warehouse price target raised to $58 from $53 at Jefferies
- Chefs’ Warehouse price target raised to $60 from $48 at Lake Street
- Chefs’ Warehouse price target raised to $55 from $50 at BMO Capital
- The Chefs’ Warehouse Reports Strong Q3 2024 Growth
- Chefs’ Warehouse reports Q3 adjusted EPS 36c, consensus 34c