The Chefs' Warehouse, Inc. (CHEF) Stock Price & Analysis

The Chefs' Warehouse, Inc. (CHEF) is trading at USD 106.35, down 0.88% today, as of October 23, 2026 at 14:59 UTC (US market open; quotes may be delayed), according to Nexqual market data.

CHEF last closed at USD 107.29; today's session has ranged USD 104.75–107.15 on volume of 51,460 shares. Market capitalization is $4.34B, with a 52-week range of USD 56.46–118.51 (NMS). Source: Nexqual, retrieved October 23, 2026 at 14:59 UTC.

Also available as compact Markdown for AI agents: nexqual.com/CHEF.md

Key facts (CHEF)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (CHEF)

USDFY2021FY2022FY2023FY2024FY2025TTM
Revenue$1.75B$2.61B$3.43B$3.79B$4.15B$4.39B
Gross profit$390M$619M$814M$914M$1.00B—
Operating income$10.8M$85.7M$101M$128M$145M$174M
Net income-$4.9M$27.8M$34.6M$55.5M$72.4M$92.0M
EPS (diluted)-$0.13$0.73$0.88$1.32$1.68—
Free cash flow-$58.7M-$22.7M$4.2M$104M$87.8M$126M
Gross margin22.4%23.7%23.7%24.1%24.2%—
Operating margin0.6%3.3%2.9%3.4%3.5%4.0%
Net margin-0.3%1.1%1.0%1.5%1.7%2.1%
Revenue growth+57.0%+49.7%+31.4%+10.5%+9.4%—
Cash + short-term investments$115M$159M$49.9M$115M$121M—
Total debt$399M$675M$718M$707M$749M—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 26, 2026) (CHEF)

P/E 47.2x · P/S 1.0x · EV/EBITDA 21.2x · EV/Sales 1.1x · P/FCF 34.5x · P/B 6.7x · FCF yield 2.90% · Earnings yield 2.12% · Buyback yield (TTM) 0.35% · Net debt $589M · EV $4.93B

P/E at fiscal year-ends: Dec 2025 39.6x, Dec 2024 40.9x, Dec 2023 38.8x.

Superinvestors (SEC 13F-HR, Q2 2026) (CHEF)

1 of 80 tracked investors hold CHEF. Each row is the investor's latest 13F; change is vs their prior-quarter share count.

InvestorFirm% of portfolioValueChange
First Eagle InvestmentFirst Eagle Investment Management0.03%$17.4MAdded +8.4%

Insider sales (SEC Form 4, open-market, last ~7 months) (CHEF)

0 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-08-14Aldous AlexandrosGeneral Counsel35,000$3.9M50.4%NoToo little history (no open-market trades in 2023)
2026-08-14Polychroni ChristinaChief Human Resources Officer2,752$308K11.1%NoToo little history (no open-market trades in 2023–2025)
2026-08-14Pappas ChristopherPresident and CEO100,000$11.0M4.5%NoToo little history (no open-market trades in 2023 or 2025)
2026-05-19Polychroni ChristinaChief Human Resources Officer4,500$356K15.4%NoToo little history (no open-market trades in 2023–2025)
2026-05-05Pappas ChristopherPresident and CEO125,000$9.8M5.3%NoToo little history (no open-market trades in 2023 or 2025)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (CHEF)

Consensus Buy (mean 2.13 on a 1–5 scale), 8 analysts; mean target USD 124.75 (low 119, high 131).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-15Morgan StanleyTarget raisedEqual-Weight$104 → $120
2026-09-11TD CowenTarget raisedBuy$123 → $131
2026-07-30UBSTarget raisedBuy$114 → $125
2026-07-30BenchmarkTarget raisedBuy$106 → $125
2026-07-30Morgan StanleyTarget raisedEqual-Weight$97 → $104
2026-07-30BTIGTarget raisedBuy$100 → $125
2026-07-30TD CowenTarget raisedBuy$110 → $123
2026-07-15Morgan StanleyDowngradeOverweight → Equal-Weight$83 → $97
2026-07-14BenchmarkTarget raisedBuy$90 → $106
2026-07-07TD CowenInitiatedBuy$110

Total return (dividends reinvested) (CHEF)

1Y (from 2025-10-23)5Y (from 2021-10-25)
Total return+81.0%+205.0%
S&P 500 (SPY)+14.8%+77.5%
Per year+81.1%+25.0%
Volatility (annualized)37.7%41.8%
Max drawdown-20.5% (Feb 2026→Apr 2026)-54.8% (Jul 2022→Oct 2023)

CHEF revenue by product line (quarter ended Jun 26, 2026)

LineRevenueShare of totalYoY
Total Specialty$711.0M60.8%+11.0%
Center-of-the-Plate$457.6M39.2%+16.0%
Dry Goods$185.8M15.9%+10.8%
Produce$166.2M14.2%+34.0%
Pastry$149.4M12.8%+7.3%
Cheese and Charcuterie$79.4M6.8%+4.5%
Dairy and Eggs$68.6M5.9%-12.0%
Oils and Vinegars$36.8M3.1%+2.9%
Kitchen Supplies$24.9M2.1%+24.8%
Total revenue$1.17B100%—

CHEF revenue by region (quarter ended Sep 26, 2025)

LineRevenueShare of totalYoY
United States$937.6M91.8%+9.3%
Non Us$83.7M8.2%+14.2%
Total revenue$1.02B100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

CHEF company outlook (results filed Jul 29, 2026)

Quoted word-for-word from the SEC 8-K results press release.

CHEF analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$0.59$0.53+10.2%$1.12B8
Next quarter (ends Dec 2026)$0.79$0.75+5.1%$1.24B8
Current fiscal year (ends Dec 2026)$2.55$2.27+12.1%$4.59B8
Next fiscal year (ends Dec 2027)$3.11$2.69+15.4%$4.99B7

CHEF options: expected move

Options price a move of about ±11.3% (±$12.15) by Nov 20, 2026, which includes earnings on Oct 28, 2026. Over the last 8 reports the stock moved ±9.5% on average.

ExpirationDaysATM implied volatilityExpected move
Nov 20, 20262849.7%±11.3%
Dec 18, 20265644.3%±14.1%
Jan 15, 20278441.1%±15.9%
Apr 16, 202717539.7%±21.9%

30-day implied volatility 47% vs 36.4% realized over the last 30 trading days. Put/call ratio (volume) 20.38. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 23, 2026 at 14:59 UTC)

PriceUSD 106.35
Change▼ 0.88% (down)
Previous CloseUSD 107.29
OpenUSD 107.15
Day RangeUSD 104.75 – 107.15
52-Week RangeUSD 56.46 – 118.51
Volume51,460 shares
Market Cap$4.34B
ExchangeNMS

Technical Analysis (CHEF)

Nexqual's technical model rates CHEF "SELL" based on 2 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 14:59 UTC.

Overall SignalSELL
RSI (14)41.02 (neutral)
vs SMA50Below (USD 111.06)
MACD-0.47 (negative)

Analyst Ratings (CHEF)

Wall Street analysts rate CHEF "Buy" based on 8 analysts, with a mean price target of USD 124.75 (range USD 119–131), per Nexqual as of October 23, 2026 at 14:59 UTC.

Consensus RatingBuy
Analyst Count8
Mean TargetUSD 124.75
High TargetUSD 131
Low TargetUSD 119
Buy / Hold / Sell7 / 1 / 0

Earnings (CHEF)

Next Earnings Date2026-10-28
EPS EstimateUSD 0.59
Revenue Estimate$1.12B

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 0.78 vs est 0.59 ▲ beat
2026-03-31USD 0.4 vs est 0.25 ▲ beat
2025-12-31USD 0.68 vs est 0.62 ▲ beat
2025-09-30USD 0.5 vs est 0.42 ▲ beat

Source: Nexqual, October 23, 2026 at 14:59 UTC.

Financials & Fundamentals (CHEF)

Total Revenue$4.39B
Revenue Growth (latest quarter, YoY)+12.90%
Gross Margin+24.46%
Operating Margin+5.02%
Profit Margin+2.09%
ROE+15.25%
Debt / Equity1.46
Current Ratio2.15
Total Cash$135.47M
Total Debt$946.61M
Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K)$125.77M (2.9% of revenue)

Source: Nexqual, October 23, 2026 at 14:59 UTC.

Financial Health Score (CHEF)

Nexqual rates The Chefs' Warehouse, Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 14:59 UTC.

GrowthSolid — Revenue +9% YoY (annual)
ProfitabilityMixed — Gross margin 24%, operating 5% (last 12 months)
Balance SheetMixed — $135M cash and investments vs $725M debt (Jun 2026, SEC)
Cash FlowMixed — FCF $126M (last 4 quarters to Jun 2026, SEC), slim 2.9% margin
EfficiencySolid — ROE 15%, ROA 5.9%

Ownership (CHEF)

Insider Ownership+10.13%
Institutional Ownership+100.69%
Shares Outstanding40.80M
Float36.95M
Short % of Float+13.04%

Source: Nexqual, October 23, 2026 at 14:59 UTC.

Leadership (CHEF)

The Chefs' Warehouse, Inc. is led by Christopher Pappas, Founder, Chairman, CEO & President, per Nexqual as of October 23, 2026 at 14:59 UTC.

Founder, Chairman, CEO & PresidentChristopher Pappas
Founder, Vice Chairman & COOJohn Pappas
CFO & Assistant SecretaryJames F. Leddy
Executive Vice President of Supply Chain & Business IntelligenceJonathan Steckler

Major Backers & Investors (CHEF)

Notable institutional backers of The Chefs' Warehouse, Inc. include Wellington Management, JPMorgan, Victory Capital Management Inc., according to Nexqual as of October 23, 2026 at 14:59 UTC.

Active Investors

InvestorStake
Wellington Management5.86%
JPMorgan3.82%
Victory Capital Management Inc.3.32%
Alliancebernstein L.P.2.64%
Victory Portfolios-Victory Sycamore Small Company Opportunity Fund1.79%

Index Funds (Passive)

FundStake
BlackRock14.81%
Vanguard Group6.42%
State Street3.69%
Dimensional Fund Advisors2.43%
Geode Capital2.36%

Source: Nexqual, October 23, 2026 at 14:59 UTC.

From The Chefs' Warehouse, Inc.'s Latest SEC 10-K Filing (filed 2026-02-24)

Key Strengths & Strategy (as disclosed to the SEC)

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

SymbolNamePriceChange
UNFIUnited Natural Foods, Inc.USD 46.12▼ 2.45%
ANDEThe Andersons, Inc.USD 64.62▼ 0.74%
PFGCPerformance Food Group CompanyUSD 95.44▼ 2.5%
AVOMission Produce, Inc.USD 11.66▼ 1.35%
USFDUS Foods Holding Corp.USD 101.53▼ 2.42%
SYYSysco CorporationUSD 82▼ 2.35%

Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 14:59 UTC. This page is informational and not investment advice.

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