Chefs' Warehouse Inc

The Support Failure at 110.45 signals loss of key support and a medium-term bearish tilt; price is now consolidating between the 9/20 EMAs overhead and the 50 SMA below, creating neutral short-term timing. Look to defer new selling and trim exposure into any rallies toward the 111.20–111.50 EMA confluence.

• ↑Q2 net sales up 12.9% YoY with organic growth of 10.4%
• ↑Gross profit margin improved 49 bp to 25.1% via tech-driven pricing
• ↓Earnings yield ~2.8% and negative book-to-price suggest overvaluation