In a report released today, Todd Brooks from Benchmark Co. maintained a Buy rating on The Chefs’ Warehouse, with a price target of $79.00.
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Todd Brooks has given his Buy rating due to a combination of factors, primarily focusing on the recent traffic trends and future growth potential for The Chefs’ Warehouse. Despite a slowdown in August, the company experienced a notable recovery in traffic post-Labor Day, with significant improvements in September and October. This rebound suggests a strong demand for fine dining and polished casual restaurant concepts, particularly as the holiday season approaches.
Additionally, Brooks adjusted the company’s growth assumptions to reflect these trends. While the organic case growth assumption for the third quarter of 2025 was lowered, the fourth quarter’s projection was increased, indicating optimism about future performance. Although revenue and earnings estimates for the third quarter were slightly reduced, the overall outlook remains positive, supporting the Buy rating and the $79 price target.
In another report released on October 21, BTIG also reiterated a Buy rating on the stock with a $74.00 price target.