Morgan Stanley lifts target for The Chefs' Warehouse stock to USD 120.00
Published on 10/15/2026 at 21:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget and reporting date
- Morgan Stanley raised its target from USD 104.00 to USD 120.00 on October 15, 2026.
- Second-quarter 2026 revenue reached USD 1.17 billion after 12.90 percent growth.
- The Chefs' Warehouse stock costs EUR 102.50 at Lang & Schwarz on October 15, 2026 at 9:45 p.m. CEST, up 0.82 percent on Nasdaq versus the Nasdaq prior close of USD 113.00.
- The stock trades at a P/E ratio of 54.43, with market capitalization of USD 4.6 billion.
Morgan Stanley raised its price target for The Chefs' Warehouse from USD 104.00 to USD 120.00 on October 15, 2026, according to Markets Insider. The new target stands 5.34 percent above the Nasdaq price of USD 113.92. The euro quote was EUR 102.50 at Lang & Schwarz on October 15, 2026 at 9:45 p.m. CEST, while CHEF was up 0.82 percent on Nasdaq versus the prior close of USD 113.00.
Revenue growth sets the backdrop
The latest operating picture came from the second quarter ended June 26, 2026. Revenue rose 12.90 percent year over year to USD 1.17 billion, while net income reached USD 33.77 million and diluted earnings per share came to USD 0.76.
The margin trend adds weight to the growth story. Zacks reported that second-quarter gross profit increased 15.20 percent to USD 292.90 million, ahead of the 12.90 percent rise in revenue. Adjusted EBITDA rose 34.60 percent to USD 88.10 million.
Price position and range
CHEF's primary-market range runs from USD 56.46 to USD 118.51 over 52 weeks. The Nasdaq quote of USD 113.92 is 3.88 percent below the high, leaving the share near the upper end of its annual range. Trading volume was 508,770 shares against an average of 687,059.
Valuation and October date
The company has a market capitalization of USD 4.6 billion and a trailing P/E ratio of 54.43. The next scheduled catalyst is the third-quarter report on October 28, 2026. Yahoo Finance reported that the company will publish results before the Nasdaq open and hold its conference call at 8:30 a.m. ET.
Comparison with peers
The Chefs' Warehouse (Nasdaq, USD): plus 0.82 percent, P/E 54.43, market capitalization USD 4.6 billion
US Foods (NYSE, USD): plus 2.84 percent, P/E 31.17, market capitalization USD 21.9 billion
Performance Food Group (NYSE, USD): plus 2.25 percent, P/E 42.45, market capitalization USD 15.3 billion
Nasdaq move frames the quote
The combination of a higher Morgan Stanley target and the October 28 reporting date gives the stock two measurable reference points. The target is above the current Nasdaq price, while the second-quarter figures show revenue and adjusted EBITDA expanding at different rates.
The euro quote was EUR 102.50 at Lang & Schwarz on October 15, 2026 at 9:45 p.m. CEST. On Nasdaq, the stock last stood at USD 113.92 on October 15, 2026 at 3:52 p.m. ET, up 0.82 percent versus the Nasdaq prior close of USD 113.00. The further course of trading is shown by the continuously updated real-time quote of The Chefs' Warehouse stock.
The Chefs' Warehouse market data
- Company: The Chefs' Warehouse, Inc.
- ISIN: US1630861011
- Ticker: CHEF
- Primary exchange: Nasdaq
- Price Lang & Schwarz (as of October 15, 2026, 9:45 p.m. CEST): EUR 102.50
- Change on Nasdaq: plus 0.82 percent versus the Nasdaq prior close
- Market capitalization: USD 4.6 billion (as of October 15, 2026)
- 52-week range: USD 56.46-USD 118.51 (as of October 15, 2026)
- Sector / Industry: Consumer Defensive / Food Distribution
- Index membership: S&P 500
- Next earnings date: October 28, 2026
Market context: Market report S&P 500.
