BMO Capital analyst Kelly Bania raised the firm’s price target on Chefs’ Warehouse to $50 from $35 and keeps an Outperform rating on the shares after its Q4 earnings beat. The company reported strong sales and gross margin momentum, and while the stock has performed well in recent months, BMO maintains that shares will benefit from further valuation expansion, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CHEF:
- 3 Best Stocks to Buy Now, 2/16/2024, According to Top Analysts
- The Chef’s Warehouse (NASDAQ:CHEF) Rises on Strong Q4 Print
- The Chefs’ Warehouse Welcomes New Board Member Debra Walton-Ruskin
- The Chefs’ Warehouse Reports Fourth Quarter 2023 Financial Results
- Chefs’ Warehouse sees 2024 revenue $3.625B-$3.775B, consensus $3.68B