Morgan Stanley lifts target for The Chefs' Warehouse stock to USD 120.00

Published on 10/17/2026 at 22:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are due October 28, 2026. The Chefs' Warehouse stock was last at USD 113.57 on October 16, 2026, down 0.61 percent on Nasdaq.

Analyst target and upcoming results

Morgan Stanley raised its target from USD 104.00 to USD 120.00 on October 15, 2026.
The Chefs' Warehouse plans to release third-quarter results on October 28, 2026.
The Chefs' Warehouse stock was last at USD 113.57 on Nasdaq on October 16, 2026, down 0.61 percent versus its prior close.
The stock carried a price-to-earnings ratio of 54.08 and a market capitalization of USD 4.6 billion on October 16, 2026.

CHEF, US1630861011, Illustration mit AI erstellt.

Analyst attention moved higher for The Chefs' Warehouse stock after Morgan Stanley raised its price target from USD 104.00 to USD 120.00 on October 15, 2026, while keeping an Equal Weight rating. The target stands 5.66 percent above the last Nasdaq price of USD 113.57. According to Markets Insider, the analyst cited slower quick-service restaurant trends and lettuce-related issues as risks in a sector preview.

Target reset meets a near-term date

The next company milestone is October 28, 2026. The Chefs' Warehouse had announced that it would release results for the third quarter ended September 25, 2026 before the Nasdaq open and hold an earnings call at 8:30 a.m. ET. Yahoo Finance carried the October 14, 2026 release.

Price position on October 16

The stock was last at USD 113.57 on Nasdaq on October 16, 2026 at 4:00 p.m. ET, down 0.61 percent from its prior close. Its session range was USD 111.37 to USD 116.58, while the 52-week range stretched from USD 56.46 to USD 118.51. The last price stood 4.18 percent below the 52-week high. Trading volume was 464,615 shares against an average of 666,017 shares.

Valuation and business scale

The market capitalization was USD 4.6 billion on October 16, 2026, with a price-to-earnings ratio of 54.08. The company says it supplies specialty food products to restaurants, hotels, caterers and other culinary customers across the United States and Canada, with more than 50,000 stock-keeping units, according to The Chefs' Warehouse.

Comparison with peers

CHEF (Nasdaq, USD): minus 0.61 percent, price-to-earnings ratio 54.08, market capitalization USD 4.6 billion
Sysco Corporation (NYSE, USD): plus 0.09 percent, price-to-earnings ratio 22.46, market capitalization USD 40.4 billion
US Foods Holding Corp. (NYSE, USD): plus 0.48 percent, price-to-earnings ratio 31.37, market capitalization USD 22.1 billion

What the target implies

Morgan Stanley's USD 120.00 target sits above the latest Nasdaq price but below the 52-week high of USD 118.51 only after the quoted price comparison is read in sequence: the target is USD 1.49 above that high. The October 28 results will provide the next scheduled test of demand, margins and the analyst's cautious sector view.