Chefs' Warehouse (NASDAQ:CHEF) is viewed as a promising mid-cap consumer staples stock priced under $100.
As of the January 9 market close, analyst consensus shows a highly bullish outlook. Seven analysts cover the stock, with six issuing Buy ratings and one issuing a Hold rating. The consensus one-year median price target is $76.71, representing a potential upside of nearly 26% from current levels.
On December 12, Todd Brookes of Benchmark Co. reiterated a positive stance, assigning a Buy rating with a $75 price target. This suggests an approximate 23% upside for investors. Brookes based his assessment on meetings with company management, describing their tone as "as good as we can remember hearing."
The analyst stated the discussions revealed strong confidence in the company's underlying business momentum. This confidence, supported by solid financial performance, contributed to Brookes' optimistic view.
Chefs' Warehouse operates as a specialty food distributor and restaurant supplier in the United States, Canada, and the Middle East. Its product range includes Dairy & Eggs, Meat & Poultry, Seafood, Oil & Vinegar, Pantry items, Frozen Grocery, and Beverages. The company's supply chain relies on 53 distribution centers and an extensive logistics network.