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

Published on 10/20/2026 at 21:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are due October 28, 2026. The Chefs' Warehouse stock costs EUR 97.75 on October 20, 2026 at 9:06 p.m. CEST after Nasdaq trading.

Analyst target and reporting date

Morgan Stanley raised its target from USD 104.00 to USD 120.00 on October 15, 2026.
The Chefs' Warehouse plans to publish third-quarter results on October 28, 2026.
The Chefs' Warehouse stock costs EUR 97.75 at Lang & Schwarz on October 20, 2026 at 9:06 p.m. CEST.

CHEF, US1630861011, Illustration mit AI erstellt.

The Chefs' Warehouse (ISIN US1630861011) has a new Morgan Stanley target of USD 120.00, up from USD 104.00, while the firm kept its Equal Weight rating on October 15, 2026, according to Markets Insider. The stock was trading at EUR 97.75 at Lang & Schwarz on October 20, 2026 at 9:06 p.m. CEST.

Results arrive on October 28

The Chefs' Warehouse plans to release its third-quarter 2026 results before the US market opens on October 28, 2026. The quarter ended September 25, 2026, and the company scheduled an 8:30 a.m. ET conference call, according to the company release carried by GlobeNewswire.

Revenue reached USD 1.17 billion

In the second quarter of 2026, revenue reached USD 1.17 billion, up 12.90 percent from the second quarter of 2025. Net income was USD 33.77 million and diluted earnings per share were USD 0.76 for the quarter ended June 26, 2026. The figures give the next results release a clear comparison point.

Valuation and peer scale

The Nasdaq-listed distributor had a market capitalization of USD 4.5 billion on October 20, 2026. Its price-to-earnings ratio was 52.37, while the 52-week range was USD 56.46 to USD 118.51. The current primary-market quote was USD 109.89 on Nasdaq at 3:10 p.m. ET on October 20, 2026.

Comparison with peers

The Chefs' Warehouse: P/E 52.37, market capitalization USD 4.5 billion, October 20, 2026.

Sysco Corporation (NYSE, USD): up 1.16 percent, P/E 22.55, market capitalization USD 40.6 billion, October 20, 2026.

US Foods Holding Corp. (NYSE, USD): up 2.21 percent, P/E 31.58, market capitalization USD 22.2 billion, October 20, 2026.

Target leaves a measured signal

Morgan Stanley's move puts the USD 120.00 target above the USD 109.89 Nasdaq quote, but its unchanged Equal Weight rating keeps the message measured. The upcoming third-quarter report will provide the next operating checkpoint after the second quarter's 12.90 percent revenue growth.

Stock quote after hours

The Chefs' Warehouse stock was trading at EUR 97.75 at Lang & Schwarz on October 20, 2026 at 9:06 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of The Chefs' Warehouse stock.