Symbols / CHEF Stock $80.34 -1.03% The Chefs' Warehouse, Inc.

Consumer Defensive • Food Distribution • United States • NMS
CHEF (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Defensive
Industry Food Distribution
CEO Mr. Christopher Pappas
Exch · Country NMS · United States
Market Cap 3.28B
Enterprise Value 4.13B
Income 79.44M
Sales 4.26B
FCF (ttm) 61.38M
Book/sh 14.94
Cash/sh 3.01
Employees 5,156
Insider 10d —
IPO Jul 28, 2011
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 43.90
Forward P/E 30.74
PEG 1.08
P/S 0.77
P/B 5.38
P/C —
EV/EBITDA 17.19
EV/Sales 0.97
Quick Ratio 1.23
Current Ratio 2.18
Debt/Eq 160.72
LT Debt/Eq —
EPS (ttm) 1.83
EPS next Y 2.61
EPS Growth 61.40%
Revenue Growth 11.40%
EPS Gr Q/Q 68.80%
Rev Gr Q/Q —
Earnings (next) 2026-07-29
Earnings (prior) 2026-04-29
ROA 5.43%
ROE 13.81%
ROIC —
Gross Margin 24.32%
Oper. Margin 3.13%
Profit Margin 1.87%
Shs Outstand 40.78M
Shs Float 36.80M
Insider Own 10.48%
Instit Own 101.03%
Short Float 14.10%
Short Ratio 8.71
Short Interest 4.37M
52W High 82.81
vs 52W High -2.98%
52W Low 53.20
vs 52W Low 51.02%
Beta 1.47
Impl. Vol. 42.53%
Rel Volume 0.75
Avg Volume 482.74K
Volume 361.02K
Target (mean) $86.00
Tgt Median $86.00
Tgt Low $80.00
Tgt High $93.00
# Analysts 8
Recom Strong_buy
Prev Close $81.18
Price $80.34
Change -1.03%
About

The Chefs' Warehouse, Inc., together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. It offers specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products and center-of-the-plate products that includes custom cut beef, seafood, and hormone-free poultry, as well as produce and broadline food products comprising cooking oils, butter, eggs, milk, and flour. The company serves menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos, and specialty food stores. It markets its center-of-the-plate products directly to consumers through a mail and e-commerce platform. The Chefs' Warehouse, Inc. was founded in 1985 and is headquartered in Ridgefield, Connecticut.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$86.00
Mean price target
2. Current target
$80.34
Latest analyst target
3. DCF / Fair value
$27.09
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$80.34
Low
$80.00
High
$93.00
Mean
$86.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-30 main Benchmark Buy → Buy $90
2026-04-30 main BTIG Buy → Buy $82
2026-04-23 main UBS Buy → Buy $80
2026-04-15 reit BTIG Buy → Buy $74
2026-02-12 reit BTIG Buy → Buy $74
2026-01-29 main Benchmark Buy → Buy $84
2026-01-14 main UBS Buy → Buy $83
2025-10-30 main UBS Buy → Buy $80
2025-10-27 init Morgan Stanley — → Overweight $75
2025-10-21 reit BTIG Buy → Buy $74
2025-08-27 init Piper Sandler — → Neutral $66
2025-07-31 main Benchmark Buy → Buy $79
2025-07-31 main UBS Buy → Buy $78
2025-07-28 main UBS Buy → Buy $72
2025-05-01 main UBS Buy → Buy $68
2025-03-17 reit Benchmark Buy → Buy $68
2025-02-13 main Lake Street Buy → Buy $68
2025-02-13 main BMO Capital Outperform → Outperform $73
2025-02-13 main Benchmark Buy → Buy $68
2025-02-13 main UBS Buy → Buy $69
News
RSS: Latest CHEF news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-08 PERETZ RICHARD N Director — 1,652 $0.00 $0
2026-05-08 LEWIS AYLWIN B Director — 1,652 $0.00 $0
2026-05-08 OWENS LESTER J. Director — 1,652 $0.00 $0
2026-05-08 WALTON DEBRA L Director — 1,652 $0.00 $0
2026-05-08 WEINSTEIN WENDY M. Director — 1,652 $0.00 $0
2026-05-05 PAPPAS CHRISTOPHER Chief Executive Officer — 125,000 $78.00 $9,750,000
2026-05-04 PAPPAS CHRISTOPHER Chief Executive Officer — 79,950 $0.00 $0
2026-03-03 PAPPAS CHRISTOPHER Chief Executive Officer — 95,908 $20.23 $1,940,219
2026-03-03 PAPPAS CHRISTOPHER Chief Executive Officer — 95,908 $62.53 $5,997,127
2026-03-02 PAPPAS CHRISTOPHER Chief Executive Officer — 60,392 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
4,149.54
+9.36%
3,794.21
+10.50%
3,433.76
+31.39%
2,613.40
Operating Revenue
4,149.54
+9.36%
3,794.21
+10.50%
3,433.76
+31.39%
2,613.40
Cost Of Revenue
3,145.45
+9.21%
2,880.07
+9.96%
2,619.29
+31.31%
1,994.76
Reconciled Cost Of Revenue
3,145.45
+9.21%
2,880.07
+9.96%
2,619.29
+31.31%
1,994.76
Gross Profit
1,004.09
+9.84%
914.15
+12.24%
814.47
+31.66%
618.64
Operating Expense
850.98
+8.28%
785.94
+10.15%
713.53
+33.90%
532.90
Selling General And Administration
849.79
+8.27%
784.85
+11.36%
704.76
+36.00%
518.22
Other Operating Expenses
1.20
+9.83%
1.09
-87.60%
8.77
-40.23%
14.68
Total Expenses
3,996.43
+9.01%
3,666.01
+10.00%
3,332.82
+31.85%
2,527.66
Operating Income
153.11
+19.42%
128.21
+27.01%
100.94
+17.73%
85.74
Total Operating Income As Reported
145.11
+13.18%
128.21
+27.01%
100.94
+17.73%
85.74
EBITDA
223.24
+15.58%
193.14
+23.37%
156.55
+26.27%
123.98
Normalized EBITDA
231.24
+19.72%
193.14
+23.37%
156.55
+26.27%
123.98
Reconciled Depreciation
78.13
+20.32%
64.93
+16.78%
55.61
+45.39%
38.24
EBIT
145.11
+13.18%
128.21
+27.01%
100.94
+17.73%
85.74
Total Unusual Items
-8.00
—
—
—
Total Unusual Items Excluding Goodwill
-8.00
—
—
—
Special Income Charges
-8.00
—
—
—
Impairment Of Capital Assets
8.00
—
—
—
Net Income
72.36
+30.43%
55.48
+60.39%
34.59
+24.65%
27.75
Pretax Income
103.54
+30.19%
79.53
+43.38%
55.47
+32.42%
41.89
Net Non Operating Interest Income Expense
-41.56
+14.61%
-48.67
-7.04%
-45.47
-3.71%
-43.85
Interest Expense Non Operating
41.56
-14.61%
48.67
+7.04%
45.47
+3.71%
43.85
Net Interest Income
-41.56
+14.61%
-48.67
-7.04%
-45.47
-3.71%
-43.85
Interest Expense
41.56
-14.61%
48.67
+7.04%
45.47
+3.71%
43.85
Other Income Expense
-8.00
—
—
—
Tax Provision
31.18
+29.63%
24.05
+15.20%
20.88
+47.67%
14.14
Tax Rate For Calcs
0.00
-0.33%
0.00
-19.77%
0.00
+11.52%
0.00
Tax Effect Of Unusual Items
-2.41
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
72.36
+30.43%
55.48
+60.39%
34.59
+24.65%
27.75
Net Income From Continuing Operation Net Minority Interest
72.36
+30.43%
55.48
+60.39%
34.59
+24.65%
27.75
Net Income From Continuing And Discontinued Operation
72.36
+30.43%
55.48
+60.39%
34.59
+24.65%
27.75
Net Income Continuous Operations
72.36
+30.43%
55.48
+60.39%
34.59
+24.65%
27.75
Normalized Income
77.95
+40.51%
55.48
+60.39%
34.59
+24.65%
27.75
Net Income Common Stockholders
72.36
+30.43%
55.48
+60.39%
34.59
+24.65%
27.75
Diluted EPS
1.68
+27.27%
1.32
+50.00%
0.88
+20.55%
0.73
Basic EPS
1.87
+28.08%
1.46
+58.70%
0.92
+22.67%
0.75
Basic Average Shares
38.72
+2.12%
37.91
+0.75%
37.63
+1.45%
37.09
Diluted Average Shares
46.00
+0.04%
45.98
+0.75%
45.64
+17.80%
38.74
Diluted NI Availto Com Stockholders
77.13
+27.04%
60.71
+51.82%
39.99
+41.15%
28.33
Average Dilution Earnings
4.77
-8.92%
5.23
-3.06%
5.40
+830.86%
0.58
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
2,028.01
+9.11%
1,858.69
+8.99%
1,705.31
+12.99%
1,509.30
Current Assets
969.89
+11.73%
868.04
+18.76%
730.94
+1.40%
720.86
Cash Cash Equivalents And Short Term Investments
120.98
+5.52%
114.66
+129.87%
49.88
-68.59%
158.80
Cash And Cash Equivalents
120.98
+5.52%
114.66
+129.87%
49.88
-68.59%
158.80
Receivables
392.37
+7.11%
366.31
+9.67%
334.01
+28.38%
260.17
Accounts Receivable
392.37
+7.11%
366.31
+9.67%
334.01
+28.38%
260.17
Gross Accounts Receivable
419.34
+7.90%
388.65
+9.34%
355.44
+26.54%
280.90
Allowance For Doubtful Accounts Receivable
-26.96
-20.70%
-22.34
-4.29%
-21.42
-3.33%
-20.73
Inventory
385.72
+22.06%
316.01
+11.07%
284.53
+15.81%
245.69
Prepaid Assets
—
—
—
—
Other Current Assets
70.81
-0.35%
71.06
+13.66%
62.52
+11.25%
56.20
Total Non Current Assets
1,058.12
+6.81%
990.65
+1.67%
974.36
+23.58%
788.44
Net PPE
547.29
+17.14%
467.20
+9.39%
427.10
+24.75%
342.36
Gross PPE
726.22
+18.06%
615.11
+9.04%
564.11
+22.27%
461.37
Accumulated Depreciation
-178.93
-20.98%
-147.90
-7.95%
-137.01
-15.12%
-119.01
Properties
0.00
0.00
0.00
0.00
Land And Improvements
5.54
+0.00%
5.54
+0.00%
5.54
+0.00%
5.54
Buildings And Improvements
66.68
+4.40%
63.87
+52.14%
41.98
+5.23%
39.89
Machinery Furniture Equipment
250.83
+40.46%
178.58
+16.15%
153.75
+19.67%
128.48
Construction In Progress
15.47
+179.07%
5.54
-84.06%
34.76
-4.98%
36.58
Other Properties
205.27
+7.23%
191.42
-0.46%
192.31
+22.78%
156.63
Leases
182.44
+7.22%
170.15
+25.33%
135.77
+44.06%
94.25
Goodwill And Other Intangible Assets
500.05
-3.22%
516.68
-4.47%
540.88
+22.14%
442.82
Goodwill
362.74
+1.81%
356.30
+0.08%
356.02
+24.00%
287.12
Other Intangible Assets
137.31
-14.39%
160.38
-13.24%
184.86
+18.73%
155.70
Non Current Deferred Assets
—
—
—
0.00
Non Current Deferred Taxes Assets
—
—
—
0.00
Other Non Current Assets
10.78
+59.35%
6.76
+6.02%
6.38
+95.92%
3.26
Total Liabilities Net Minority Interest
1,423.70
+7.77%
1,321.05
+5.63%
1,250.63
+12.89%
1,107.79
Current Liabilities
473.46
+11.30%
425.40
+10.27%
385.78
+35.96%
283.75
Payables And Accrued Expenses
354.08
+5.60%
335.31
+23.61%
271.27
+24.60%
217.72
Payables
275.62
+3.32%
266.77
+33.02%
200.55
+22.74%
163.40
Accounts Payable
275.62
+3.32%
266.77
+33.02%
200.55
+22.74%
163.40
Current Accrued Expenses
78.46
+14.47%
68.54
-3.10%
70.73
+30.19%
54.33
Pensionand Other Post Retirement Benefit Plans Current
66.35
+32.49%
50.08
+35.09%
37.07
+8.50%
34.17
Current Debt And Capital Lease Obligation
53.03
+32.56%
40.01
-48.33%
77.43
+143.07%
31.86
Current Debt
28.20
+56.30%
18.04
-66.08%
53.19
+327.94%
12.43
Other Current Borrowings
28.20
+56.30%
18.04
-66.08%
53.19
+327.94%
12.43
Current Capital Lease Obligation
24.83
+13.05%
21.96
-9.41%
24.25
+24.80%
19.43
Total Non Current Liabilities Net Minority Interest
950.24
+6.10%
895.65
+3.56%
864.86
+4.95%
824.04
Long Term Debt And Capital Lease Obligation
921.88
+5.26%
875.82
+3.18%
848.84
+5.46%
804.91
Long Term Debt
720.33
+4.59%
688.74
+3.60%
664.80
+1.73%
653.50
Long Term Capital Lease Obligation
201.54
+7.73%
187.08
+1.65%
184.03
+21.55%
151.41
Non Current Deferred Liabilities
22.42
+41.11%
15.89
+10.22%
14.42
+136.44%
6.10
Non Current Deferred Taxes Liabilities
22.42
+41.11%
15.89
+10.22%
14.42
+136.44%
6.10
Other Non Current Liabilities
5.94
+50.95%
3.94
+145.48%
1.60
-87.70%
13.03
Stockholders Equity
604.31
+12.40%
537.65
+18.25%
454.67
+13.24%
401.51
Common Stock Equity
604.31
+12.40%
537.65
+18.25%
454.67
+13.24%
401.51
Capital Stock
0.41
+1.24%
0.40
+1.52%
0.40
+2.59%
0.39
Common Stock
0.41
+1.24%
0.40
+1.52%
0.40
+2.59%
0.39
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
40.68
+1.07%
40.25
+1.47%
39.67
+2.76%
38.60
Ordinary Shares Number
40.68
+1.07%
40.25
+1.47%
39.67
+2.76%
38.60
Additional Paid In Capital
405.02
+1.48%
399.11
+12.06%
356.16
+5.39%
337.95
Retained Earnings
201.65
+42.06%
141.94
+42.01%
99.95
+52.92%
65.36
Gains Losses Not Affecting Retained Earnings
-2.76
+27.42%
-3.81
-107.81%
-1.83
+16.16%
-2.19
Other Equity Adjustments
-2.76
+27.42%
-3.81
-107.81%
-1.83
+16.16%
-2.19
Total Equity Gross Minority Interest
604.31
+12.40%
537.65
+18.25%
454.67
+13.24%
401.51
Total Capitalization
1,324.64
+8.01%
1,226.39
+9.55%
1,119.47
+6.11%
1,055.01
Working Capital
496.43
+12.15%
442.65
+28.24%
345.17
-21.04%
437.12
Invested Capital
1,352.84
+8.71%
1,244.43
+6.12%
1,172.66
+9.86%
1,067.44
Total Debt
974.90
+6.45%
915.83
-1.13%
926.27
+10.70%
836.77
Net Debt
627.55
+5.98%
592.13
-11.37%
668.11
+31.74%
507.13
Capital Lease Obligations
226.37
+8.29%
209.04
+0.37%
208.28
+21.92%
170.83
Net Tangible Assets
104.26
+397.29%
20.96
+124.32%
-86.21
-108.68%
-41.31
Tangible Book Value
104.26
+397.29%
20.96
+124.32%
-86.21
-108.68%
-41.31
Inventories Adjustments Allowances
-10.52
+9.15%
-11.58
-3.34%
-11.21
-21.82%
-9.20
Other Inventories
396.24
+20.96%
327.59
+10.77%
295.73
+16.02%
254.89
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
129.22
-15.58%
153.06
+148.32%
61.64
+166.44%
23.13
Cash Flow From Continuing Operating Activities
129.22
-15.58%
153.06
+148.32%
61.64
+166.44%
23.13
Net Income From Continuing Operations
72.36
+30.43%
55.48
+60.39%
34.59
+24.65%
27.75
Depreciation Amortization Depletion
78.13
+20.32%
64.93
+16.78%
55.61
+45.39%
38.24
Depreciation
47.54
+35.40%
35.11
+30.49%
26.91
+44.90%
18.57
Amortization Cash Flow
30.59
+2.57%
29.82
+3.92%
28.70
+45.86%
19.67
Depreciation And Amortization
78.13
+20.32%
64.93
+16.78%
55.61
+45.39%
38.24
Amortization Of Intangibles
30.59
+2.57%
29.82
+3.92%
28.70
+45.86%
19.67
Other Non Cash Items
6.45
+124.08%
2.88
-66.29%
8.54
-26.04%
11.54
Stock Based Compensation
21.24
+19.48%
17.78
-11.30%
20.04
+47.35%
13.60
Provisionand Write Offof Assets
12.12
+1.14%
11.98
+48.33%
8.08
+33.56%
6.05
Asset Impairment Charge
8.02
0.00
-100.00%
1.84
0.00
Deferred Tax
6.53
+346.24%
1.46
-81.96%
8.11
-15.49%
9.60
Deferred Income Tax
6.53
+346.24%
1.46
-81.96%
8.11
-15.49%
9.60
Operating Gains Losses
—
0.69
—
14.29
Change In Working Capital
-75.64
-5101.99%
-1.45
+98.07%
-75.17
+23.25%
-97.94
Change In Receivables
-35.85
+19.99%
-44.81
+8.20%
-48.81
-1.21%
-48.23
Changes In Account Receivables
-35.85
+19.99%
-44.81
+8.20%
-48.81
-1.21%
-48.23
Change In Inventory
-67.11
-108.40%
-32.20
-11.98%
-28.76
+42.40%
-49.93
Change In Prepaid Assets
0.40
+106.69%
-6.04
+16.56%
-7.23
+58.90%
-17.60
Change In Payables And Accrued Expense
31.37
-64.07%
87.31
+345.51%
19.60
+2.27%
19.16
Change In Payable
31.37
-64.07%
87.31
+345.51%
19.60
+2.27%
19.16
Change In Account Payable
31.37
-64.07%
87.31
+345.51%
19.60
+2.27%
19.16
Change In Other Working Capital
-4.44
+22.27%
-5.71
+42.63%
-9.96
-642.58%
-1.34
Investing Cash Flow
-46.76
+6.15%
-49.82
+72.22%
-179.31
+22.72%
-232.02
Cash Flow From Continuing Investing Activities
-46.76
+6.15%
-49.82
+72.22%
-179.31
+22.72%
-232.02
Capital Expenditure
-41.43
+16.32%
-49.51
+13.79%
-57.43
-25.26%
-45.85
Capital Expenditure Reported
-41.43
+16.32%
-49.51
+13.79%
-57.43
-25.26%
-45.85
Net Business Purchase And Sale
-4.58
-1354.92%
-0.32
+99.74%
-121.88
+34.53%
-186.18
Purchase Of Business
-4.58
-1354.92%
-0.32
+99.74%
-121.88
+34.53%
-186.18
Net Other Investing Changes
-0.75
—
—
—
Financing Cash Flow
-76.22
-98.07%
-38.48
-527.10%
9.01
-96.44%
253.22
Cash Flow From Continuing Financing Activities
-76.22
-98.07%
-38.48
-527.10%
9.01
-96.44%
253.22
Net Issuance Payments Of Debt
-48.57
-383.15%
-10.05
-141.11%
24.45
-91.22%
278.65
Issuance Of Debt
0.00
-100.00%
46.43
-22.62%
60.00
-90.47%
629.72
Repayment Of Debt
-48.57
+14.02%
-56.48
-58.89%
-35.55
+89.87%
-351.07
Long Term Debt Issuance
0.00
-100.00%
46.43
-22.62%
60.00
-90.47%
629.72
Long Term Debt Payments
-48.57
+14.02%
-56.48
-58.89%
-35.55
+89.87%
-351.07
Net Long Term Debt Issuance
-48.57
-383.15%
-10.05
-141.11%
24.45
-91.22%
278.65
Short Term Debt Issuance
—
—
—
—
Short Term Debt Payments
—
—
—
—
Net Short Term Debt Issuance
—
—
—
—
Net Common Stock Issuance
-15.00
+13.74%
-17.39
0.00
0.00
Common Stock Payments
-15.00
+13.74%
-17.39
0.00
0.00
Repurchase Of Capital Stock
-15.00
+13.74%
-17.39
0.00
0.00
Proceeds From Stock Option Exercised
0.00
-100.00%
0.17
+218.18%
0.06
-20.29%
0.07
Net Other Financing Charges
-12.65
-12.84%
-11.21
+27.66%
-15.50
+39.23%
-25.50
Changes In Cash
6.24
-90.37%
64.76
+159.60%
-108.66
-345.14%
44.33
Effect Of Exchange Rate Changes
0.09
+368.42%
0.02
+107.31%
-0.26
+61.82%
-0.68
Beginning Cash Position
114.66
+129.87%
49.88
-68.59%
158.80
+37.90%
115.16
End Cash Position
120.98
+5.52%
114.66
+129.87%
49.88
-68.59%
158.80
Free Cash Flow
87.79
-15.22%
103.56
+2358.57%
4.21
+118.54%
-22.71
Interest Paid Supplemental Data
38.49
-9.98%
42.76
+1.63%
42.07
+54.53%
27.23
Income Tax Paid Supplemental Data
22.91
+19.58%
19.16
-1.06%
19.36
+352.87%
4.28
Common Stock Issuance
—
—
—
0.00
Issuance Of Capital Stock
—
—
—
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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