Bryce Point Capital LLC bought a new stake in Performance Food Group (NYSE:PFGC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,549 shares of the food distribution company's stock, valued at approximately $554,000.
Other hedge funds have also made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in Performance Food Group in the 4th quarter valued at about $26,000. Central Pacific Bank Trust Division purchased a new position in shares of Performance Food Group during the 4th quarter worth approximately $42,000. Blue Trust Inc. raised its position in shares of Performance Food Group by 64.6% during the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after purchasing an additional 212 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock valued at $60,000 after buying an additional 239 shares in the last quarter. Finally, UMB Bank n.a. grew its holdings in Performance Food Group by 69.1% during the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock valued at $65,000 after buying an additional 313 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.
Analyst Ratings Changes
Several analysts have recently issued reports on PFGC shares. StockNews.com downgraded Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Piper Sandler cut shares of Performance Food Group from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. Morgan Stanley upped their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 21st. Barclays cut their price target on Performance Food Group from $103.00 to $102.00 and set an "overweight" rating for the company in a report on Thursday, February 6th. Finally, Melius Research raised Performance Food Group to a "hold" rating in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $95.73.
View Our Latest Analysis on PFGC
Performance Food Group Trading Up 3.4 %
Shares of Performance Food Group stock traded up $2.46 during trading hours on Tuesday, hitting $74.08. The company's stock had a trading volume of 336,172 shares, compared to its average volume of 1,108,539. The business has a fifty day moving average of $81.81 and a 200 day moving average of $83.48. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The company has a market capitalization of $11.57 billion, a PE ratio of 29.89, a P/E/G ratio of 0.96 and a beta of 1.16.
Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. As a group, equities analysts forecast that Performance Food Group will post 4.58 EPS for the current year.
About Performance Food Group
(
Free Report)
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.
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