A Look At Chefs' Warehouse (CHEF) Valuation After Recent Share Price Momentum
Chefs' Warehouse (CHEF) has shown strong recent share price momentum, with the stock closing at $68.44 and demonstrating significant gains over the past three months. The company is currently considered 10.1% undervalued with a fair value narrative of $76.13, supported by operational improvements and expected earnings growth. However, its P/E ratio of 38.5x is higher than industry and peer averages, indicating potential valuation risk.
TimesSquare Capital Management LLC Increases Position in The Chefs' Warehouse, Inc. $CHEF
TimesSquare Capital Management LLC significantly increased its stake in The Chefs' Warehouse, Inc. during the third quarter, purchasing an additional 83,761 shares to hold a total of 524,638 shares valued at approximately $30.6 million. This increase in holdings by TimesSquare Capital, alongside other institutional investors, comes as Chefs' Warehouse surpassed earnings expectations for the quarter with EPS of $0.68 and revenue of $1.14 billion. The company currently holds a "Hold" consensus rating from analysts, with an average price target of $77.67.
Chefs' Warehouse (CHEF) Is Up 5.7% After Buybacks And Accretive M&A Focus - Has The Bull Case Changed?
Chefs' Warehouse recently reported strong Q4 and full-year 2025 results, with increased sales and net income. The company is actively pursuing share buybacks and disciplined, accretive acquisitions to expand its specialty food platform. This strategy combines organic growth with strategic M&A to enhance its investment narrative, although integration risks and cost inflation remain key considerations.
Chefs' Warehouse (NASDAQ:CHEF) Given "Buy" Rating at BTIG Research
BTIG Research has reaffirmed a "Buy" rating for Chefs' Warehouse (NASDAQ:CHEF) and set a $74 price target, indicating a potential 15.35% upside. This follows the company's strong Q4 performance, which beat expectations with $0.68 EPS and $1.14 billion in revenue, and its positive FY-2026 net sales target of $4.35B–$4.45B. Despite the positive outlook and a "Moderate Buy" consensus from analysts, the stock trades at a premium P/E of ~37.7x, and shares dipped slightly post-earnings due to investor focus on guidance and margin commentary.
The Chefs Warehouse stock hits all-time high at 68.96 USD
The Chefs Warehouse Inc. (NASDAQ: CHEF) stock reached an all-time high of $68.96, reflecting significant financial strength with a perfect Piotroski Score of 9 and an annual stock rise of 9.09%. Although the P/E ratio suggests potential overvaluation compared to its Fair Value, analysts have a "Strong Buy" recommendation. Recent Q4 2025 results showed EPS of $0.68 and revenue of $1.143 billion, both exceeding expectations, despite a slight pre-market stock decline.
Chefs' Warehouse (NASDAQ:CHEF) Hits New 12-Month High After Better-Than-Expected Earnings
Chefs' Warehouse (NASDAQ: CHEF) stock reached a new 52-week high after reporting strong Q4 earnings, with EPS of $0.68 against an expected $0.62 and revenue of $1.14 billion, up 10.5% year-over-year. Despite a slight post-earnings dip due to a cautious FY-2026 net sales target, analysts largely maintain a "Moderate Buy" rating with an average price target of $74.71. Institutional investors actively modified their holdings, with many increasing their stakes in the specialty food distributor.
The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) Q4 2025 Earnings Call Transcript
The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) discussed its Q4 2025 earnings, reporting a miss on EPS expectations at $0.4709 against an anticipated $0.62. Despite this, the company achieved strong organic net sales growth of 9.7% and exceeded $4 billion in full-year revenue for the first time. The call highlighted strategic investments, operational efficiencies, and a positive outlook for 2026, including strong free cash flow generation and continued market share expansion.
The Chefs' Warehouse (CHEF) Reaffirms Buy Rating at $74.00 by BTIG | CHEF Stock News
BTIG analyst Peter Saleh has reaffirmed a Buy rating for The Chefs' Warehouse (CHEF) with a price target of $74.00, consistent with previous analyses. This follows recent rating updates from other firms, including Benchmark and UBS, which also maintained Buy ratings with increased price targets. The average one-year price target from 9 analysts for CHEF is $76.56, suggesting a 19.41% upside from its current price, indicating an "Outperform" status based on brokerage recommendations, despite GuruFocus's GF Value estimate suggesting a potential downside.
Chefs’ Warehouse (CHEF) Margin Improvement To 1.8% Tests Premium P/E Narrative
Chefs' Warehouse (CHEF) reported improved financials for FY 2025, with Q3 revenue of US$1.0 billion and basic EPS of US$0.50, leading to a trailing twelve-month revenue of US$4.0 billion and EPS of US$1.94, and an increased net margin of 1.8%. This margin improvement is critical as the company trades at a premium P/E ratio of 35x, above both its peers and the sector average, prompting investors to assess the durability of these margins against ongoing cost pressures. Analysts are optimistic about growth drivers like premium products and digital ordering, forecasting 13% annual earnings growth, which aligns with a DCF fair value of US$92.15 despite the current premium valuation.
Chefs' Warehouse outlines $4.35B–$4.45B 2026 net sales target as growth momentum continues
Chefs' Warehouse has set an ambitious net sales target of $4.35 billion to $4.45 billion by 2026, signaling continued growth momentum. This projection is based on the company's current performance and strategic initiatives.
Chefs' Warehouse outlines $4.35B–$4.45B 2026 net sales target as growth momentum continues
Chefs' Warehouse (NASDAQ:CHEF) has set a 2026 net sales target of $4.35 billion to $4.45 billion, aiming for a CAGR of 6% to 7% from 2023. The company also anticipates adjusted EBITDA between $325 million and $350 million by 2026, driven by strong growth momentum and strategic initiatives. This outlook comes as the company continues to see robust performance and focuses on expanding its market presence.
The Chefs' Warehouse Inc. Profit Retreats In Q4
The Chefs' Warehouse Inc. (CHEF) announced a decrease in profit for the fourth quarter, with earnings falling to $21.68 million ($0.50 per share) from $23.92 million ($0.55 per share) in the same period last year. Despite the profit retreat, the company's revenue increased by 10.6% to $1.142 billion. Adjusted earnings for the period were $29.94 million, or $0.68 per share.
What's Going On With Chefs' Warehouse Stock Wednesday?
The Chefs’ Warehouse, Inc. reported strong fourth-quarter fiscal 2025 results, with adjusted EPS and sales surpassing analyst estimates. Despite the positive earnings, the company's stock fell on Wednesday, attributed to a decrease in operating income primarily due to increased other operating expenses. Management affirmed its fiscal year 2026 sales and adjusted EBITDA guidance, highlighting strong business activity and market share growth.
The Chefs’ Warehouse Reports Higher Fourth Quarter Revenue Amid Non-Cash Impairment Charge
The Chefs’ Warehouse (NASDAQ: CHEF) reported a 10.5% increase in net sales to $1.14 billion for the fourth quarter of 2025, driven by organic growth and acquisitions. Despite the revenue rise, GAAP net income decreased due to an $8.0 million non-cash impairment charge on intangible assets. The company provided optimistic financial guidance for fiscal year 2026, projecting net sales between $4.35 billion and $4.45 billion.
The Chefs’ Warehouse Reports Higher Fourth Quarter Revenue Amid Non-Cash Impairment Charge
The Chefs’ Warehouse reported a 10.5% increase in fourth-quarter net sales to $1.14 billion for 2025, driven by organic growth and acquisitions. Despite this revenue gain, GAAP net income decreased due to an $8.0 million non-cash impairment charge on intangible assets. The specialty food distributor provided 2026 financial guidance, projecting net sales between $4.35 billion and $4.45 billion.
Chefs' Warehouse (NASDAQ:CHEF) Issues Earnings Results, Beats Expectations By $0.06 EPS
Chefs' Warehouse (NASDAQ:CHEF) reported strong Q4 earnings, beating analyst expectations with $0.68 EPS against a consensus of $0.62 and revenue of $1.14 billion, exceeding estimates of $1.10 billion. The company also provided optimistic 2026 guidance, projecting $4.35B–$4.45B in net sales and $276M–$286M adjusted EBITDA. Despite these positive results, the stock saw a 4.3% decline, influenced by an ~$8M impairment charge, even as several analysts raised their price targets for CHEF shares.
Earnings Flash (CHEF) The Chefs' Warehouse, Inc. Posts Q4 Adjusted EPS $0.68 per Share, vs. FactSet Est of $0.62
The Chefs' Warehouse, Inc. (CHEF) announced its Q4 adjusted EPS of $0.68 per share, surpassing the FactSet estimate of $0.62. This earnings flash highlights the company's financial performance for the fourth quarter. The report indicates a positive surprise for investors, exceeding analyst expectations.
Chefs' Warehouse Q4 2025 Financial Results
The Chefs' Warehouse, Inc. reported solid financial results for Q4 2025, with net sales increasing by 10.5% to $1.14 billion and adjusted EBITDA rising to $80.3 million. Despite a slight decrease in GAAP net income, adjusted net income per share saw growth. The company also provided optimistic guidance for fiscal year 2026, projecting net sales between $4.35 billion and $4.45 billion.
Chefs' Warehouse: Q4 Earnings Snapshot
The Chefs' Warehouse Inc. (CHEF) reported earnings of $21.7 million in its fourth quarter, translating to 50 cents per share, or 68 cents per share when adjusted for non-recurring costs. The specialty food distributor generated revenue of $1.14 billion in the quarter. For the full year, the company posted a profit of $72.4 million on revenue of $4.15 billion.
Chefs' Warehouse: Q4 Earnings Snapshot
The Chefs' Warehouse Inc. (CHEF) reported fourth-quarter earnings of $21.7 million, or 50 cents per share, which adjusted to 68 cents per share. The specialty food distributor achieved revenue of $1.14 billion for the quarter and $4.15 billion for the full year, with annual profit reaching $72.4 million or $1.68 per share.
Chefs' Warehouse: Q4 Earnings Snapshot
The Chefs' Warehouse Inc. (CHEF) reported fourth-quarter earnings of $21.7 million, or 50 cents per share, adjusted to 68 cents per share. The specialty food distributor posted revenue of $1.14 billion for the quarter and $4.15 billion for the full year, with an annual profit of $72.4 million, or $1.68 per share.
The Chefs' Warehouse to Announce Q4 Earnings on February 11
The Chefs' Warehouse (CHEF) is scheduled to release its Q4 earnings on February 11, with analysts anticipating a 12.7% year-over-year increase in EPS to $0.62 and revenue reaching $1.1 billion. The company has a strong track record of exceeding earnings and revenue estimates, reinforcing investor confidence. Analyst price targets suggest a potential upside for the stock, with an average target of $76.71.
What to Expect from The Chefs' Warehouse's Earnings
The Chefs' Warehouse (NASDAQ: CHEF) is set to release its quarterly earnings on February 11, 2026, with analysts expecting an EPS of $0.62. Investors are looking for the company to surpass estimates and provide positive future guidance, especially considering its past performance where beating EPS led to a stock price drop. The company holds a "Buy" consensus rating from analysts, with a one-year price target of $83.5, indicating a potential 24.83% upside.
Chefs Warehouse fourth-quarter earnings up next Wednesday morning
The Chefs Warehouse Inc. is set to release its fourth-quarter earnings next Wednesday morning, with analysts anticipating strong results following management's optimistic outlook for the end of 2025. Projections include earnings of 62 cents per share on $1.10 billion in revenue, showing sequential improvement from the previous quarter. Wall Street maintains a "Strong Buy" consensus with a mean price target suggesting a 15% upside from its current price.
A Look At Chefs' Warehouse (CHEF) Valuation After Benchmark Outlook And Italco Deal
This article examines the valuation of Chefs' Warehouse (CHEF) following Benchmark's updated outlook and the Italco Food Products acquisition. While the stock trades at a discount according to some models, its high P/E ratio relative to the industry suggests potential valuation risk. The analysis suggests the company is currently undervalued based on a fair value of $76.13, contingent on continued premium foodservice demand and successful integration of acquisitions.
A Look At Chefs' Warehouse (CHEF) Valuation After Benchmark Outlook And Italco Deal
Chefs' Warehouse (CHEF) is currently the subject of investor interest due to Benchmark's updated outlook, the acquisition of Italco Food Products, and growth in the Middle East. While Simply Wall St's analysis suggests the stock is 16.5% undervalued with a fair value of $76.13, its high P/E ratio of 34.7x compared to the industry average of 21.8x signals potential valuation risk. Investors are encouraged to consider operational improvements and growth prospects against integration challenges and labor costs.
Middle East and Denver Expansion Could Be A Game Changer For Chefs' Warehouse (CHEF)
Chefs' Warehouse (CHEF) is expanding its operations into the Middle East (Dubai, Qatar, Oman) and strengthening its Denver footprint through the acquisition of Italco Food Products. While these expansions are seen as growth drivers that could improve sales and earnings guidance, the company faces challenges such as relatively thin margins, a rich earnings multiple, high debt levels, and recent insider selling. Investors are weighing these different narratives, with fair value estimates from the Simply Wall St Community varying significantly, highlighting the mixed perspectives on the company's risk-reward balance.
Benchmark Sees Continued Upside in The Chefs' Warehouse, Inc. (CHEF) on Visible Operating Momentum
Benchmark has raised its price target for The Chefs' Warehouse, Inc. (CHEF) from $79 to $84, maintaining a Buy rating due to strong operational momentum. The company is experiencing growth, expanding domestically through acquisitions like Italco Food Products and internationally with double-digit growth in its Middle East operations. This growth is supported by facility expansions in Dubai, Qatar, and Oman, strengthening CHEF's position as a premier specialty food distributor.
Chefs' Warehouse (CHEF) to Release Earnings on Wednesday
Chefs' Warehouse (NASDAQ: CHEF) is scheduled to release its Q4 2025 earnings before market open on Wednesday, February 11th, 2026. Analysts are forecasting earnings of $0.62 per share and revenue of $1.0985 billion. The company's stock has recently seen upward trading, and several hedge funds and institutional investors have adjusted their positions in CHEF.
Investors in Chefs' Warehouse (NASDAQ:CHEF) have seen solid returns of 103% over the past five years
The Chefs' Warehouse, Inc. (NASDAQ:CHEF) has delivered a 103% return to investors over the past five years, outperforming the general market. The company achieved profitability during this period, with EPS growing 25% annually over the last three years. Despite a recent slowdown in share price growth, its long-term and short-term performance remains strong.
Benchmark Sees Continued Upside in The Chefs’ Warehouse, Inc. (CHEF) on Visible Operating Momentum
Benchmark recently reiterated its "Buy" rating and raised its price target for The Chefs' Warehouse, Inc. (CHEF) to $84, citing strong and visible operating momentum. The company is expanding both domestically through acquisitions like Italco Food Products and internationally with double-digit growth in the Middle East. While acknowledging CHEF's potential, the article suggests that certain AI stocks may offer even higher returns with less downside risk.
Benchmark Sees Continued Upside in The Chefs’ Warehouse, Inc. (CHEF) on Visible Operating Momentum
Benchmark has raised its price target for The Chefs’ Warehouse, Inc. (CHEF) to $84 from $79, maintaining a Buy rating. This upgrade is driven by the company's strong operational momentum, including domestic and international expansion and strategic acquisitions like Italco Food Products. While acknowledging CHEF's potential, the article suggests specific AI stocks might offer greater upside and less risk.
The Chefs' Warehouse, Inc. $CHEF Position Cut by Great Lakes Advisors LLC
Great Lakes Advisors LLC significantly reduced its stake in The Chefs' Warehouse (NASDAQ: CHEF) by 49.2% in Q3, now holding 48,537 shares valued at $2.83 million. Despite this, institutional ownership remains high at 91.55%, with other major investors like Massachusetts Financial Services and Arrowstreet Capital increasing their positions. Analyst sentiment is generally positive, with a "Moderate Buy" average rating and an average price target of $74.71, though some downgrades have occurred.
The Chefs' Warehouse, Inc. (NASDAQ:CHEF) Receives Average Rating of "Moderate Buy" from Analysts
The Chefs' Warehouse, Inc. (NASDAQ:CHEF) has received an average rating of "Moderate Buy" from analysts, with six out of nine brokerages issuing a buy rating and an average one-year price target of $74.71. Recent upgrades from UBS and Benchmark contributed to lifted price targets. The company recently reported strong quarterly earnings, beating estimates with EPS of $0.50 and revenue of $1.02 billion, showing a 9.6% year-over-year increase.
10 High Growth Food Stocks To Buy
This article identifies high-growth food stocks for investors, highlighting The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) as an example. It details CHEF's strong revenue growth, positive analyst ratings, strategic acquisition of Italco Food Products, and international expansion efforts in the Middle East. The company is recognized for its specialized distribution platform serving the high-end foodservice market.
Federated Hermes Inc. Has $31.95 Million Holdings in The Chefs' Warehouse, Inc. $CHEF
Federated Hermes Inc. reduced its stake in The Chefs' Warehouse, Inc. (NASDAQ:CHEF) by 26% in Q3, ending the quarter with 547,652 shares valued at approximately $31.95 million. Despite this, Wall Street analysts maintain a "Moderate Buy" rating for CHEF with an average price target of $74.71, while the company recently exceeded Q3 earnings estimates. Insider James Leddy, CFO, also sold a portion of his shares.
Y Intercept Hong Kong Ltd Invests $1.88 Million in The Chefs' Warehouse, Inc. $CHEF
Y Intercept Hong Kong Ltd has initiated a new position in The Chefs' Warehouse, Inc. (NASDAQ:CHEF) by purchasing 32,284 shares valued at approximately $1.88 million. This investment makes Y Intercept Hong Kong Ltd the owner of about 0.08% of the company's stock. The article also highlights increased institutional interest in Chefs' Warehouse, a recent insider stock sale by CFO James Leddy, positive analyst ratings, and strong quarterly earnings performance.
Chefs’ Warehouse stock price target raised to $84 from $79 at Benchmark
Benchmark has increased its price target for The Chefs’ Warehouse (NASDAQ: CHEF) stock to $84 from $79, maintaining a Buy rating. This adjustment reflects the introduction of fiscal year 2026 quarterly and 2027 annual estimates, with the new target based on a 14x multiple of its initial FY27 adjusted EBITDA estimate. The firm cited strong underlying momentum and the company's "beat and raise" performance in Q3 2025 as key factors, with financial analysts maintaining a positive outlook on the stock.
Chefs' Warehouse (NASDAQ:CHEF) Price Target Raised to $84.00
Benchmark raised its price target for Chefs' Warehouse (NASDAQ:CHEF) from $79.00 to $84.00, maintaining a "buy" rating and implying a 33.48% upside. This comes after Chefs' Warehouse exceeded Q4 earnings expectations with $0.50 EPS and $1.02 billion in revenue. Institutional investors hold a significant portion of the company's stock, and the consensus analyst rating remains a "Moderate Buy" with an average target of $74.71.
Chefs’ Warehouse stock price target raised to $84 from $79 at Benchmark
Benchmark has increased its price target for The Chefs’ Warehouse, Inc (NASDAQ:CHEF) to $84.00 from $79.00, affirming a Buy rating. The increase is based on the introduction of quarterly and annual estimates for fiscal years 2026 and 2027, driven by a 14x multiple applied to the estimated FY27 adjusted EBITDA. This positive outlook is further supported by the company's strong performance, exceeding Q3 2025 expectations and projecting robust growth for FY2026.
The Chefs’ Warehouse to Announce Fourth Quarter and Fiscal Year 2025 Results on February 11, 2026
The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) announced it will release its fourth quarter and fiscal year 2025 financial results on Wednesday, February 11, 2026, before the stock market opens. The company will also host a conference call at 8:30 a.m. ET on the same day to discuss these results. A webcast of the call will be available on their investor relations website.
The Chefs’ Warehouse to Announce Fourth Quarter and Fiscal Year 2025 Results on February 11, 2026
The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) is scheduled to release its financial results for the fourth quarter and fiscal year ended December 26, 2025, before the stock market opens on Wednesday, February 11, 2026. The company will also host a conference call on the same day at 8:30 a.m. ET to discuss these results, which will be webcast live on its investor relations website. The Chefs' Warehouse is a leading distributor of specialty food products across the United States, the Middle East, and Canada, serving a diverse clientele including fine dining establishments and culinary professionals.
Chefs' Warehouse (CHEF) Valuation Check After Fresh 2026 Sales And Earnings Guidance
Chefs' Warehouse (CHEF) recently provided preliminary 2026 guidance, projecting net sales between US$4.35 billion and US$4.45 billion and net income from US$88.0 million to US$92.0 million. The company's stock is trading at an estimated 29% discount to its intrinsic value, with a fair value pegged at $76.13, suggesting it is undervalued. Despite this, its P/E ratio of 34.8x is higher than the industry average, peers, and its own fair ratio, indicating potential overvaluation based on earnings.
Massachusetts Financial Services Co. MA Buys 58,046 Shares of The Chefs' Warehouse, Inc. $CHEF
Massachusetts Financial Services Co. increased its stake in The Chefs' Warehouse (CHEF) by 6.6% in the third quarter, acquiring an additional 58,046 shares to hold a total of 931,671 shares valued at approximately $54.3 million. Despite a "Moderate Buy" consensus from analysts, views are mixed, with UBS raising its price target to $83 and Zacks downgrading the stock to a "strong sell." Chefs' Warehouse reported strong Q3 earnings, exceeding revenue and EPS estimates, and is heavily owned by institutional investors.
Benchmark reiterates Buy rating on Chefs’ Warehouse stock, cites strong momentum
Benchmark has reaffirmed its Buy rating on The Chefs’ Warehouse, Inc (NASDAQ:CHEF), setting a price target of $79.00, suggesting a 24% upside from its current price. The firm cited strong momentum during the Holiday season and fiscal year 2026 guidance that indicates significant growth in revenue, gross profit, and adjusted EBITDA. Additionally, the company's existing distribution capacity and recent strong Q3 2025 results further support its positive outlook and growth trajectory.
Chefs' Warehouse (CHEF) Is Up 5.7% After Issuing Early Fiscal 2026 Profitability Guidance
Chefs' Warehouse (CHEF) stock rose 5.7% after the company issued preliminary unaudited guidance for fiscal 2026, projecting net sales between US$4.35 billion and US$4.45 billion and net income of US$88.0 million to US$92.0 million. This early guidance, along with updated 2025 targets, provides a clearer revenue and earnings path as the company focuses on its premium foodservice niche and operational efficiency. However, investors are advised to consider the potential pressure from persistent labor and benefits inflation on net margins.
Benchmark reiterates Buy rating on Chefs’ Warehouse stock, cites strong momentum
Benchmark has reaffirmed its Buy rating on The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) with a $79.00 price target, signaling a 24% upside. The specialty food distributor showed strong momentum during the holiday season and fiscal year 2026 guidance suggests better-than-algorithm growth in revenue, gross profit, and adjusted EBITDA. The company also reported strong third-quarter 2025 results, exceeding analyst expectations for revenue and EPS.
Chefs' Warehouse (CHEF) Is Up 5.7% After Issuing Early Fiscal 2026 Profitability Guidance
The Chefs' Warehouse, Inc. (CHEF) saw its stock rise by 5.7% after providing preliminary unaudited guidance for fiscal 2026, projecting net sales between US$4.35 billion and US$4.45 billion and net income of US$88.0 million to US$92.0 million. This guidance, coupled with raised 2025 forecasts, offers investors a clearer financial roadmap as the company focuses on premium foodservice and operational efficiency. Despite a positive outlook, investors are cautioned about the potential impact of persistent labor and benefits inflation on net margins.
Benchmark reiterates Buy rating on Chefs’ Warehouse stock, cites strong momentum By Investing.com
Benchmark has reiterated a Buy rating on The Chefs’ Warehouse, Inc (NASDAQ:CHEF) with a price target of $79.00, suggesting a 24% upside. The firm noted strong momentum for the specialty food distributor, with fiscal year 2026 guidance indicating better-than-algorithm growth in revenue, gross profit, and adjusted EBITDA. CHEF's existing distribution center capacity and focus on placement and new account growth are expected to drive substantial organic growth within its addressable market.
Benchmark reiterates Buy rating on Chefs’ Warehouse stock, cites strong momentum
Benchmark has reaffirmed its Buy rating on The Chefs’ Warehouse, Inc. (NASDAQ:CHEF), setting a price target of $79.00, suggesting a 24% upside. The firm highlights strong momentum for the specialty food distributor, with projected fiscal year 2026 results indicating growth exceeding algorithmic expectations in revenue, gross profit, and adjusted EBITDA. CHEF's substantial distribution capacity supports organic expansion into a large addressable market, with recent strong third-quarter 2025 results further bolstering analyst confidence.