The Chefs' Warehouse (CHEF)
Distributes specialty ingredients, proteins, produce, and staples to professional kitchens.
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Supplies professional kitchens with specialty ingredients, custom-cut proteins, produce, and broadline staples, earning revenue through a single foodservice distribution segment concentrated in the United States. Culinary sales expertise and a temperature-controlled delivery network support a broad catalog, while Allen Brothers sells selected proteins directly to consumers.
Distributes specialty foods, center-of-the-plate proteins, produce, and broadline staples to restaurants, hotels, country clubs, caterers, culinary schools, cruise lines, casinos, and specialty food stores. Offerings range from cheeses, charcuterie, oils, truffles, caviar, chocolate, and pastry ingredients to custom-cut beef, seafood, and poultry. Allen Brothers sells selected proteins directly to consumers online.
Serves primarily U.S. markets, with operations in Canada and the Middle East, through one reportable foodservice distribution segment. More than 90,000 items, culinary-trained sales specialists, sourcing relationships, temperature-controlled warehousing, and rapid delivery let customers consolidate specialty and staple purchasing.
Growth combines product penetration with acquisitions that add categories and geography. Results depend on food-away-from-home demand, safe sourcing, warehouse and fleet execution, food-safety and transportation compliance, and passing through changes in food, labor, and fuel costs.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 30, 2026 | UBS | Reiterate | Rating: —Target: $83 | Target: $125 |
| Jul 15, 2026 | Morgan Stanley | Downgrade | Target: $83 | Target: $97 |
| Jul 6, 2026 | Cowen & Co. | Initiate | Rating: — | |
| Apr 30, 2026 | Morgan Stanley | Target | Target: $75 | Target: $83 |
| Feb 12, 2026 | Wolfe Research | Target | Target: — | Target: $84 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 26, 2026Cash & short-term investments $135.5M · Total debt $946.6M · Total assets $2.03B · Shareholders' equity $648.2M
- Revenue
- $1.17B
- Operating income
- $58.6M
- Net income
- $33.8M
No dividends on record.
| Institutions | ≈ 98.57% | 40.21M shares | |
|---|---|---|---|
| 295 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 6.03% | 2.46M shares | |
| 13 holders · as of Aug 18, 2026 | |||
| Adds to | 104.60% | ||
40.80M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 104.60%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 14.81% | 6.04M | as of Jun 30, 2026 |
Kayne Anderson Rudnick Investment Management LLCInstitution | 8.29% | 3.38M | filed Feb 14, 2022 |
Wellington Management Group LLPInstitution | 5.86% | 2.39M | as of Jun 30, 2026 |
Christopher Pappas1,2Insiderdirector, officer: President and CEO | 5.12% | 3.22M | filed Aug 18, 2026 |
Vanguard Capital Management LLCInstitution | 3.97% | 1.62M | as of Jun 30, 2026 |
- Christopher Pappas's transaction reports restate only vehicles that traded; the 2021 ownership statement (3.22M) less the 1.13M net shares sold since is used instead.
- Christopher Pappas reports a block also reported by another filer; it is counted once, under that filer.
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 14, 2026 | Alexandros Aldous | officer: General Counsel | −35,000 | $110.97 |
| Aug 14, 2026 | Christopher Pappas | director, officer: President and CEO | −100,000 | $110.11 |
| Aug 14, 2026 | Christina Polychroni | officer: Chief Human Resources Officer | −2,752 | $112.00 |
| May 19, 2026 | Christina Polychroni | officer: Chief Human Resources Officer | −4,500 | $79.21 |
| May 5, 2026 | Christopher Pappas | director, officer: President and CEO | −125,000 | $78.00 |
- Sysco
Broadline scale across restaurants, produce, proteins, and specialties
- US Foods
Broadline rival for independent restaurants and hospitality accounts
- Performance Food Group
Foodservice scale in restaurants, custom proteins, and local service
- HF Foods Group
Specialty restaurant distributor with produce, seafood, and Asian foods
- United Natural Foods
Specialty and fresh wholesale overlap, mostly retailer-focused
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| The Chefs' Warehouse | $108.17 | −0.18% | $4.42B | 51.6 | 38.8 | 1.0 | +12.9% |
| Sysco | $78.14 | −0.67% | $37.62B | 21.5 | 15.5 | 0.4 | +4.7% |
| US Foods | $94.49 | +0.31% | $20.74B | 29.0 | 18.2 | 0.5 | +4.5% |
| Performance Food Group | $91.30 | −0.97% | $14.48B | 40.3 | 16.3 | 0.2 | +6.4% |
| HF Foods Group | $1.53 | +0.66% | $81.3M | — | 5.4 | 0.1 | +2.8% |
| United Natural Foods | $44.71 | −2.51% | $2.78B | 34.1 | 13.4 | 0.1 | −0.7% |
| Median | 31.6 | 15.5 | 0.2 | +4.5% |