Brant Point Investment Management buys $11,732,448 stake in Performance Food Group Co (PFGC)

Performance Food Group Co (PFGC) : Brant Point Investment Management scooped up 295,900 additional shares in Performance Food Group Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 442,400 shares of Performance Food Group Co which is valued at $11,732,448.Performance Food Group Co makes up approximately 2.11% of Brant Point Investment Management’s portfolio.

Other Hedge Funds, Including , Citadel Advisors boosted its stake in PFGC in the latest quarter, The investment management firm added 426,376 additional shares and now holds a total of 443,691 shares of Performance Food Group Co which is valued at $11,766,685. Performance Food Group Co makes up approx 0.03% of Citadel Advisors’s portfolio. Raymond James Associates added PFGC to its portfolio by purchasing 137,718 company shares during the most recent quarter which is valued at $3,652,281. Performance Food Group Co makes up approx 0.01% of Raymond James Associates’s portfolio.Blackrock Investment Management boosted its stake in PFGC in the latest quarter, The investment management firm added 79,966 additional shares and now holds a total of 137,820 shares of Performance Food Group Co which is valued at $3,654,986.Vanguard Group Inc boosted its stake in PFGC in the latest quarter, The investment management firm added 1,195,674 additional shares and now holds a total of 2,594,609 shares of Performance Food Group Co which is valued at $68,809,031. Monashee Investment Management added PFGC to its portfolio by purchasing 40,997 company shares during the most recent quarter which is valued at $1,077,401. Performance Food Group Co makes up approx 1.65% of Monashee Investment Management’s portfolio.

On the company’s financial health, Performance Food Group Co reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 17, 2016. Analyst had a consensus of $0.39. The company had revenue of $4372.90 million for the quarter, compared to analysts expectations of $4457.70 million. The company’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.36 EPS.

Many Wall Street Analysts have commented on Performance Food Group Co. Shares were Reiterated by Pivotal Research Group on Aug 18, 2016 to “Hold” and Lowered the Price Target to $ 25 from a previous price target of $27 .

Performance Food Group Company is a foodservice distribution company. The Company markets and distributes approximately 150000 food and food-related products from 67 distribution centers to around 150000 customer locations across the United States. The Company operates through three business segments: Performance Foodservice PFG Customized and Vistar. The Performance Foodservice segment is a foodservice distributor in the United States which serves around 85000 customer locations with around 125000 food and food-related products. The PFG Customized segment acts as a distributor to the family and casual dining channel. The Vistar segment is engaged in distributing candy snacks and beverages to vending and office coffee service distributors big box retailers and theaters.

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