Benjamin Edwards Inc. Purchases 9,599 Shares of Performance Food Group (NYSE:PFGC)

Benjamin Edwards Inc. boosted its stake in Performance Food Group (NYSE:PFGC - Free Report) by 29.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,368 shares of the food distribution company's stock after purchasing an additional 9,599 shares during the period. Benjamin Edwards Inc.'s holdings in Performance Food Group were worth $3,320,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. boosted its holdings in shares of Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company's stock worth $26,000 after purchasing an additional 242 shares during the period. Ashton Thomas Securities LLC purchased a new stake in Performance Food Group in the 3rd quarter worth approximately $26,000. Innealta Capital LLC bought a new stake in shares of Performance Food Group in the 2nd quarter worth approximately $30,000. Venturi Wealth Management LLC grew its position in shares of Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company's stock worth $32,000 after buying an additional 274 shares during the last quarter. Finally, UMB Bank n.a. grew its position in shares of Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company's stock worth $36,000 after buying an additional 365 shares during the last quarter. Institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Up 1.1 %

NYSE:PFGC traded up $0.98 during trading hours on Thursday, reaching $90.57. 1,386,837 shares of the company traded hands, compared to its average volume of 1,022,582. The business's 50-day moving average price is $83.21 and its two-hundred day moving average price is $74.27. The stock has a market capitalization of $14.11 billion, a P/E ratio of 33.06, a P/E/G ratio of 0.95 and a beta of 1.44. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.22 by ($0.06). The company had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The firm's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.15 EPS. Analysts predict that Performance Food Group will post 4.73 earnings per share for the current year.

Insider Transactions at Performance Food Group

In related news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $88.28, for a total value of $1,809,386.88. Following the completion of the sale, the insider now owns 192,868 shares of the company's stock, valued at $17,026,387.04. The trade was a 9.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 2.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PFGC. BMO Capital Markets lifted their price objective on Performance Food Group from $87.00 to $95.00 and gave the stock an "outperform" rating in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price objective on Performance Food Group from $83.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Guggenheim lifted their price objective on Performance Food Group from $90.00 to $95.00 and gave the stock a "buy" rating in a research report on Thursday, November 7th. Barclays lifted their price objective on Performance Food Group from $88.00 to $98.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Performance Food Group from $93.00 to $94.00 and gave the company a "buy" rating in a research note on Thursday, August 15th. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, Performance Food Group currently has a consensus rating of "Moderate Buy" and an average target price of $94.27.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.