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CHEF
Chefs' Warehouse, Inc.NASDAQConsumer StaplesFood DistributionSnapshot 2026-06-12
Intact
$90.75+1.10%
Close 2026-06-12 · 1-day change
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
The bottom line
Recent financial performance is neutral. Earnings quality is also neutral. Management's recent track record has been steady. Risk is moderate, and the sector backdrop is a headwind. Compared with sector peers, CHEF is below typical. Peer multiples imply a price about 144% below where it trades (it looks expensive on this basis); the read is expensive, growth-justified. Rich on today's multiple, but the three-year horizon reads cheaper once expected earnings growth is included. If CHEF cuts guidance on the next call, that could be negative. This read is provisional.
as of 2026-06-12
Quick facts
- Exchange
- NASDAQ
- Sector
- Consumer Staples
- Industry
- Food Distribution
- Market cap
- $3.66B
- Employees
- 5,156
- IPO date
- 2011-04-12
- Next earnings
- —
Price
Daily closes. Earnings/event dots are placed inline.
Adjusted daily closes (split & dividend). Scroll over the chart to zoom; click a range to reset.
EarningsMaterial event
What's priced in
(what the market already expects)What it's worth (estimated)
A consensus fair price across 7 valuation methods, at three horizons. Current price $90.75. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
12-month· primaryexpensive
$37.14consensus
Range $34.49 – $74.70
vs price: +144% above
Method agreement — · 7 methods
No-growth: today's peer multiple on trailing earnings. The headline read.
3-yearfair
$109.19consensus
Range $94.17 – $114.43
vs price: -17% below
Method agreement — · 4 methods
Embeds projected growth. Leans optimistic by design. Upside context.
5-yearinexpensive
How much to trust our fair value
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
Re-ratinglow confidence
At $91 CHEF trades at 44× p/e — 2.5× the 17× p/e peer median, and above its own 34× history. The market is re-rating it beyond its own range; our $37 fair value is low-confidence here. Not investment advice.
Multiple (P/E)
43.8x
peer 17.4x · own history 34.4x
Premium
2.5x peer
1.3x its own history
Growth the price needs
144%
our forecast —
Our fair value
$37.14
range $34.74 – $74.70
WhyPeer anchor understates a real premium
How this stock is priced
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Long-term · 1–3 yr
expensiveexpensive — growth-justified12-month view
What's priced in
The market is pricing in roughly 144% of near-term growth above a flat-multiple fair value; not enough history to forecast a comparison. This describes what's priced in, not a forecast of the move.
Elevated fragilityrisk posture, not a price call
Flags: expensive valuation, weak execution quality.
Historical context
For similar setups historically (n=2,301): about 43% saw a 20%+ drawdown, and roughly 77% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
How strong is the business
(quality & execution)Factor signals
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Recent financial performance
neutralOperating income rose in 1 of the last 3 quarter-over-quarter moves. Historically, Consumer Staples names rated neutral grew net income 52% of the time over the next year (vs 61% for the rest of the cohort, n=1526).
64th pctl · Consumer Staples
Earnings quality
neutralOver the trailing year it converted 1.48x of net income into operating cash flow. Historically, Consumer Staples names rated neutral grew net income 52% of the time over the next year (vs 57% for the rest of the cohort, n=1382).
40th pctl · Consumer Staples
Macro sensitivity
Most sensitive to the broad stock market.
- the broad stock market: This stock moves with the broad market (high beta).
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates.
Management & capital allocation
stableEarnings setup & market context
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
Earnings setup · pre-print positioning
forward-looking
Neutral8 analysts, 88% Buyfor period ending 2026-06-30
Why this setup
Consensus revisions
EPS estimate $0.58 → $0.58 (-0.4% / 30d). 3 raised, 3 cut, 8 covering analysts.
Rating actions
0 upgrades, 0 downgrades / 30d. 88% of analysts rate Buy.
Sector context
Intermediate · WeeklySector phase: consumer staples is in maturing, with decelerating (~3.0 years in phase).
Sector regime (90d momentum): headwind.Secular epoch: Mature by revenue growth · theme private-label/value.headwind
Management scorecard
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
Long-term · 1–3 yr
Overall: neutral
- Capital allocation
- neutral
- Earnings discipline
- strong
- Margin discipline
- strong
- Balance sheet
- neutral
- Post-call reaction
- strong
A guidance track record builds as the company issues and delivers on guidance.
How bumpy is the path
(risk while you hold it)Risk: how this stock moves
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
Intermediate · WeeklyLong-term · 1–3 yr
On a typical day, $10k can swing ±$110.
How much price usually moves either way.
On a bad day, this stock has moved -$338.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $2,048.
Deepest peak-to-trough drop in the last year.
moderateas of 2026-06-12
Past results, not a forecast. Not investment advice.
What would change the read
(catalysts & re-read triggers)What changed
The most important moves since the prior daily snapshot.
Short-term · Daily
- No material changes since the prior snapshot.
No material changes since the prior snapshot.
as of 2026-06-12
What to watch next
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Intermediate · Weekly
- DownsideHigh confidenceQuartersactive 14d
Watch for revenue growth updates in Q2 earnings
Why it matters: Revenue growth is a key priority. Any slowdown could signal deeper issues.
What confirms / what disproves
Confirms:Q2 revenue grew by more than 5%. This shows strong performance.
Disproves:Q2 revenue grew by less than 3%. This suggests a big slowdown.
Management priorities
News catalysts
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for CHEF yet.
This sector is also watching
- Watch for Consumer Price Index data on June 10
- Watch for Advance Monthly Retail Trade Report on June 17
- Watch for FOMC decision on June 17
What could change this view
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Intermediate · Weekly
Upside triggers
- If CHEF raises forward guidance on the next earnings call (currently NEW as of 2026-04-29), that's a momentum boost. Street estimates typically follow guidance up and the stock tends to re-rate higher.
- If the Fed starts cutting rates from the current 3.62%, that would be a tailwind for CHEF and other Consumer Staples names, since rate-sensitive parts of the market tend to rally when the Fed eases.
- If CHEF beats again next quarter like it did this past one (a big beat of +60% on the 2026-03-31 print), the momentum tends to extend, with Street estimates ratcheting up and the stock typically following.
Downside triggers
- If CHEF cuts guidance on the next call (currently NEW as of 2026-04-29), that's a meaningful negative. The Street tends to walk down estimates and the stock usually takes a leg lower.
- Consumer Staples has been in a strong run; if sector bellwethers like SYY, USFD, and PFGC start showing cracks (missed prints, soft guidance), CHEF and other Consumer Staples names could lose the sector tailwind.
Recent events
(material 8-K / filing activity)Material updates
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
- 2026-04-291mo agoItem 2.02
of this Current Report on Form 8-K (including Exhibit 99.1) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.
Earnings preannouncement—
Score history
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
-1.5 vs last weeklatest as of 2026-06-13
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.