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Investing.com - Benchmark maintained its Buy rating and $79.00 price target on The Chefs’ Warehouse, Inc (NASDAQ:CHEF) stock on Thursday. Currently trading at $58.84, the stock has shown strong momentum with a 46% return over the past year. According to InvestingPro data, analyst consensus is highly bullish with price targets ranging from $66 to $85.
The research firm analyzed Placer AI traffic data for its High End / Polished Casual Index, which tracks ten fine dining and polished casual chains comprising 355 locations across the United States.
The data revealed a 310 basis point slowdown in year-over-year traffic trends during August compared to July performance.
Traffic trends rebounded after Labor Day, with the index showing a 200 basis point acceleration in year-over-year traffic during September, followed by an additional 150 basis point improvement in October month-to-date.
Benchmark expressed encouragement about the post-Labor Day acceleration, suggesting these trends may indicate solid demand for fine dining and polished casual restaurant concepts throughout the upcoming holiday period.
In other recent news, Chefs Warehouse reported strong financial results for the second quarter of 2025. The company experienced an 8.4% increase in net sales, reaching $1,035 million. Alongside the rise in sales, Chefs Warehouse saw a significant improvement in gross profit margins. The company also reported a GAAP net income of $21.2 million, an increase from $15.5 million in the same period last year. These results highlight the company’s robust financial performance during the quarter. Despite these positive financial outcomes, the stock remained stable in aftermarket trading. There were no significant movements reported in the stock price following the earnings announcement. These developments reflect the company’s continued growth and financial stability.
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