Sign in

Kelly Ann Bania

Research Analyst at BMO Capital Markets

Kelly Ann Bania serves as Managing Director and Senior Equity Research Analyst at BMO Capital Markets, specializing in food retail, distribution, and consumer staples, with deep sector expertise in traditional supermarkets, specialty food retailers, convenience stores, and food distributors. She actively covers a portfolio of up to 26 publicly traded companies including SpartanNash, Sprouts Farmers Market, The Chefs’ Warehouse, Core-Mark Holding Company, Alimentation Couche-Tard, and Costco, frequently issuing both Buy and Hold recommendations. Widely recognized for her strong performance, Bania ranks in the top 8% of analysts on TipRanks, with a documented 68% success rate and an average return of 7.9% per rating, along with over 73% of her price targets being achieved and an average potential upside of 15.5%. She began her analyst career in the early 2000s with roles at Bank of America and Morgan Stanley before joining BMO in 2013, and holds FINRA registration with 51 state licenses after more than two decades in financial services.

Kelly Ann Bania's questions to Chefs' Warehouse (CHEF) leadership

Question · Q3 2025

Kelly Ann Bania asked for more details on the acceleration in growth over the past couple of months, specifically how it played out between mature and higher-growth markets, and if any categories or regions stood out. She also asked about the impact of salesforce training and digital tools, and the rationale behind the Italco acquisition.

Answer

Chris Pappas, Founder, Chairman, and CEO, explained that growth is broad-based, with larger markets having more impact and smaller markets showing higher percentage growth. He attributed success to extensive salesforce training, digital tools (including AI), and a disciplined focus on their niche. He described Italco as a high-quality, pure specialty business in a dynamic growth market like Colorado, offering significant expansion opportunities.

Ask follow-up questions

Get Instant Answers from SEC Filings & Earnings Calls

Ask complex financial questions and get precise answers in seconds. Fintool scans millions of documents to surface insights beyond timely human analysis.

Search across 8,000+ companies
Access millions of SEC filings & transcripts
Get answers cited to the source
Try Fintool for Free

Trusted by leading investment firms and analysts