CHEFS’ WAREHOUSE, INC.
In the published model solve dated 2026-Q2, anchored at $114.35, CHEFS’ WAREHOUSE, INC. (CHEF) is priced for today's economics sustained for ~6.5 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• The catalogue is the business: the latest 10-Q describes ⟦"more than 90,000 stock-keeping units"⟧ going to more than 55,000 core customer locations, weighted 39% toward center-of-the-plate proteins with the balance spread across dry goods, pastry, produce, cheese and dairy. • Restaurant traffic is the whole risk, because a 3.3% trailing operating margin leaves no absorption room, and the 10-K states the mechanism plainly: if customers' sales decline, ⟦"our profitability could decline as we sp
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241 institutional managers reported holding CHEF in 13F filings for the quarter ended 2026-03-31. Together they hold about 83% of the company; the top 10 hold 45%. 36 opened new positions that quarter. Held by BlackRock, Wellington Management, Vanguard Group, among others. On the short side, 4.5M shares were sold short as of the 2026-06-15 count, about 10% of shares outstanding (8.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
CHEF's share count grew 5.3% over the past five years even with $42.40M spent on repurchases. It pays no dividend. Cash returned over the past three years: $42.40M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at CHEF over the trailing three years: 2023: 4 buys totaling $94k. 14 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
CHEF's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | -17.2% | -34.9% |
| 2023-11-04 | +24.6% | +25.8% |
| 2024-02-28 | +3.7% | -6.5% |
| 2024-05-02 | +11.7% | +10.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
CHEF's latest 8-K filings: 2026-07-29 (items 2.02, 9.01); 2026-05-11 (items 5.07, 9.01); 2026-04-29 (items 2.02, 9.01); 2026-04-24 (items 5.02, 9.01); 2026-02-11 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.