01:32 PM EDT, 10/30/2025 (MT Newswires) -- Chefs' Warehouse ( CHEF ) reported "solid" Q3 results, surpassing earnings and revenue expectations and demonstrating continued momentum in its specialty food distribution segment, Morgan Stanley said in a note on Wednesday.

Organic volume growth improved sequentially despite some disruption from the company's Texas facility exit, the analysts said.

Management raised its 2025 revenue guidance by 1.7% at the midpoint to $4.1 billion and lifted adjusted earnings before interest, taxes, depreciation and amortization guidance by $5 million to $250 million, supported by continued sales momentum through October, according to the note.

The brokerage maintained its overweight rating on the stock and raised its price target to $76 from $75.

Shares of Chefs' Warehouse ( CHEF ) were down over 4% in recent Thursday trading.

Price: 59.57, Change: -2.78, Percent Change: -4.46