Advent International Corpma buys $1,293,480 stake in The Chefs Warehouse Inc (CHEF)

The Chefs Warehouse Inc (CHEF) : Advent International Corpma scooped up 32,923 additional shares in The Chefs Warehouse Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 113,963 shares of The Chefs Warehouse Inc which is valued at $1,293,480.The Chefs Warehouse Inc makes up approximately 0.03% of Advent International Corpma’s portfolio.

Other Hedge Funds, Including , Driehaus Capital Management sold out all of its stake in CHEF during the most recent quarter. The investment firm sold 120,845 shares of CHEF which is valued $1,371,591. Coe Capital Management sold out all of its stake in CHEF during the most recent quarter. The investment firm sold 10,200 shares of CHEF which is valued $115,770.Credit Suisse Ag boosted its stake in CHEF in the latest quarter, The investment management firm added 1,816 additional shares and now holds a total of 33,057 shares of The Chefs Warehouse Inc which is valued at $375,197.Tiaa Cref Investment Management reduced its stake in CHEF by selling 383 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 61,290 shares of CHEF which is valued at $695,642.I.g. Investment Management Ltd. boosted its stake in CHEF in the latest quarter, The investment management firm added 345 additional shares and now holds a total of 60,240 shares of The Chefs Warehouse Inc which is valued at $656,616.

The Chefs Warehouse Inc opened for trading at $11 and hit $11.34 on the upside on Thursday, eventually ending the session at $11.3, with a gain of 2.54% or 0.28 points. The heightened volatility saw the trading volume jump to 1,51,923 shares. Company has a market cap of $296 M.

On the company’s financial health, The Chefs Warehouse Inc reported $0.15 EPS for the quarter, missing the analyst consensus estimate by $ -0.07 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.22. The company had revenue of $291.20 million for the quarter, compared to analysts expectations of $298.30 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

The Chefs’ Warehouse Inc. is a distributor of specialty food products in the United States and Canada. The Company is focused on serving the specific needs of chefs who own and/or operate a range of independent restaurants fine dining establishments country clubs hotels caterers culinary schools bakeries patisseries chocolatiers cruise lines casinos and specialty food stores in the United States and Canada. The Company’s product portfolio includes over 31800 stock-keeping units (SKUs) over 1600 suppliers. Its product portfolio consists of imported and domestic specialty food products such as artisan charcuterie specialty cheeses oils and vinegars truffles caviar chocolate and pastry products. The Company also offers a line of center-of-the-plate products including custom cut beef seafood and hormone-free poultry as well as broadline food products such as cooking oils butter eggs milk and flour.

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