Chefs' Warehouse Secures $675 Million Term Loan, Amends ABL; Retires 2016 Facility

StoneX reiterated a Buy rating and $125 price target for The Chefs' Warehouse (CHEF), citing strong growth and operational benefits from its Florida facility. The stock trades at $108.63 with a $4.42B market cap. Recent Q2 results beat estimates, with revenue of $1.17B and EPS of $0.78. Analysts revised earnings estimates upward, and UBS/Benchmark also raised targets to $125.

On Tuesday, U.S. indices declined, with the S&P 500 and Nasdaq down 0.71% and 1.03% respectively. Deere (DE) hit a new 52-week high of $677.89, up 43% in a year, with Baird upgrading it to Outperform and raising the target to $800. The Chef's Warehouse (CHEF) also hit a new high, up 79% in a year, but faces valuation concerns. Builders Firstsource (BLDR) and Dave & Buster's (PLAY) hit new lows, down 54% and 65% respectively in a year.

Chefs’ Warehouse (CHEF) reported Q2 2026 net sales up 12.9% year over year, while adjusted EBITDA rose 34.6% and operating income increased. Gross margin rose to 25.1% and operating margin to 5.1%. Management raised fiscal 2026 adjusted EBITDA guidance to $305-$315 million on $4.50-$4.60 billion sales, citing cost absorption and efficiency, with Middle East recovery uncertainty.

Chefs' Warehouse, Inc. (CHEF) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 The Chefs’ Warehouse Reports Second Quarter 2026 Financial Results Ridgefield, CT, July 29, 2026 - The Chefs’ Warehouse, Inc. (NASDAQ: CHEF) (the “Company” or “Chefs’”), a premier distributor of specialty food products in the United States, the Middle East, and Canad

3M expanded its commercial relationship with Amazon, issuing a 7-year warrant for Amazon to buy 3.16M shares at $164.89 each. 85% of shares vest based on Amazon's payments for data center products, with full vesting at $6B. The rest vest on performance milestones. 3M noted risks in its 10-K.

TCGX Acquisition II completed a $100 million SPAC IPO, including a $4.5 million private placement and a $100 million trust. The company also secured a forward purchase commitment and established governance terms. According to the company, the deals support its path to a business combination.