Top 5 Stock Picks of Brian Scudieri’s Kehrs Ridge Capital

3. Performance Food Group Company (NYSE:PFGC)

Kehrs Ridge Capital’s Stake Value: $22,069,000

Percentage of Kehrs Ridge Capital’s 13 Portfolio: 7.12%

Number of Hedge Fund Holders: 41

Performance Food Group Company (NYSE:PFGC) is a leading foodservice provider that delivers over 150,000 food and related products to customers all over the US, via its wholly owned subsidiaries, namely Performance Foodservice, Vistar, and PFG Customized. 

Kehrs Ridge Capital holds a $22 million stake in Performance Food Group Company (NYSE:PFGC) as of September 2021, which accounts for 7.12% of the fund’s total portfolio value. At the end of June, 41 hedge funds observed by Insider Monkey reported owning stakes worth $734.3 million in Performance Food Group Company (NYSE:PFGC). 

Performance Food Group Company (NYSE:PFGC) announced Q3 earnings on November 10. EPS in the period was $0.03, missing estimates by -$0.17. Revenue for the third quarter amounted to $10.39 billion, up 47.39% year-over-year. 

Here is what ClearBridge Investments has to say about Performance Food Group Company (NYSE:PFGC) in its Q2 2021 investor letter:

“Some of our best performing holdings over the last several quarters took a pause during the strong up market in the second quarter. Stocks that took a breather included Performance Food Group, which declined on negative sentiment toward its planned acquisition of convenience store distributor Core-Mark.”