Chefs' Warehouse, Inc.
Chefs' Warehouse, Inc. (CHEF) is listed on NASDAQ and classified in Food Distribution, part of the Consumer Defensive sector. It is headquartered in Ridgefield, United States and has 5,156 employees. The company is worth $4.38B and trades at 52.3x its earnings of the last twelve months; the median for its sector is 18.2x. Revenue was $4.15B in fiscal 2025, up 9.4% from the year before. Net income was $72.36M. The share price is 9.5% below its 52-week high of $118.51. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Israel Englander (Millennium Management), at $14.1M. In that quarter, 3 of them opened or added to the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +265.5% over 5Y.
today you would have $3,256.95▲ +225.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 15 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $62.33 | $49.32 | $29.43 | $33.28 | $33.30 | $25.69 | $38.11 | $31.98 | $20.50 | $15.80 | $16.68 | $23.04 | $29.16 | $15.81 | $17.86 | |
| P/E | 38.0x | 37.1x | 37.4x | 33.4x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 25.0% a year plus a 0.0% dividend yield. Growth capped at 25%.
Median P/E of 18.2 among peers in the sector.
Median P/E of 38.0 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 11.4x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Consumer Defensive, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| LOPEGrand Canyon Education, Inc. | $165.46 | 20.0x | 6.4x | 0.00% | 30.98% | $4.31B |
| CVSACovista Inc. | $131.62 | 16.9x | 3.1x | 0.00% | 18.57% | $4.46B |
| AKO.BAndina Bottling Co Inc | $30.01 | 16.1x | 0.0x | 2.50% | 23.75% | $4.73B |
| AKO.AAndina Bottling Co Inc |
| 45.6x |
| — |
| — |
| 47.0x |
| 45.7x |
| 38.0x |
| 131.7x |
| 26.5x |
| 40.4x |
| 37.9x |
| 22.9x |
| 41.5x |
| P/S | 0.7x | 0.6x | 0.5x | 0.3x | 0.5x | 0.7x | 0.9x | 0.7x | 0.7x | 0.4x | 0.3x | 0.4x | 0.7x | 1.1x | 0.7x | 0.9x |
| P/B | 3.4x | 4.2x | 3.7x | 2.6x | 3.2x | 3.6x | 2.8x | 3.4x | 3.1x | 2.3x | 2.1x | 2.3x | 3.9x | 5.5x | 8.4x | 15.9x |
| EPS | $1.68 | $1.32 | $0.88 | $0.73 | -$0.13 | -$2.46 | $0.81 | $0.70 | $0.54 | $0.12 | $0.63 | $0.57 | $0.77 | $0.69 | $0.43 |
| Profit margin | 1.46% | 1.74% | 1.46% | 1.01% | 1.06% | -0.28% | -7.46% | 1.52% | 1.41% | 1.10% | 0.25% | 1.55% | 1.71% | 2.52% | 3.02% | 1.92% |
| ROE | 7.61% | 11.97% | 10.32% | 7.61% | 6.91% | -1.41% | -24.06% | 7.20% | 6.61% | 5.78% | 1.56% | 8.62% | 9.68% | 12.86% | 36.94% | 32.66% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
-52.8% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| $24.29 |
| 13.1x |
| 0.0x |
| 2.80% |
| 23.75% |
| $3.83B |
| IPARInterparfums Inc | $116.07 | 21.6x | 4.3x | 2.76% | 19.11% | $3.72B |
| PSMTPricesmart Inc | $171.59 | 33.0x | 3.7x | 0.82% | 12.31% | $5.3B |