CenterBook Partners LP Has $1.92 Million Stock Holdings in Performance Food Group (NYSE:PFGC)

CenterBook Partners LP reduced its position in Performance Food Group (NYSE:PFGC - Free Report) by 56.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,752 shares of the food distribution company's stock after selling 29,878 shares during the period. CenterBook Partners LP's holdings in Performance Food Group were worth $1,924,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of PFGC. Millstone Evans Group LLC purchased a new position in Performance Food Group in the 4th quarter valued at about $26,000. Central Pacific Bank Trust Division acquired a new stake in Performance Food Group during the 4th quarter worth about $42,000. Blue Trust Inc. increased its holdings in shares of Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after purchasing an additional 212 shares during the period. V Square Quantitative Management LLC grew its stake in shares of 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. boosted its position in Performance Food Group by 69.1% during the fourth quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock worth $65,000 after purchasing an additional 313 shares during the period. Hedge funds and other institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Performance

NYSE PFGC traded down $0.24 on Wednesday, reaching $75.55. The stock had a trading volume of 153,324 shares, compared to its average volume of 1,113,942. The business's 50-day moving average price is $79.52 and its 200 day moving average price is $83.27. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The stock has a market cap of $11.80 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, equities analysts expect that Performance Food Group will post 4.58 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. StockNews.com cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Barclays decreased their target price on Performance Food Group from $103.00 to $102.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. Melius Research upgraded Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Finally, Morgan Stanley increased their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $95.73.

Performance Food Group Profile

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.