Peregrine Capital Management LLC Reduces Stock Position in Performance Food Group (NYSE:PFGC)

Peregrine Capital Management LLC lessened its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 16.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,889 shares of the food distribution company's stock after selling 32,785 shares during the quarter. Peregrine Capital Management LLC owned about 0.11% of Performance Food Group worth $14,280,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its holdings in shares of Performance Food Group by 281.4% in the 3rd 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 position in shares of Performance Food Group in the 3rd quarter worth approximately $26,000. Venturi Wealth Management LLC boosted its holdings 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 purchasing an additional 274 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Performance Food Group in the 3rd quarter worth approximately $36,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Performance Food Group in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 96.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PFGC shares. StockNews.com cut Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Morgan Stanley boosted their price objective on Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Guggenheim boosted their price objective on Performance Food Group from $90.00 to $95.00 and gave the company a "buy" rating in a report on Thursday, November 7th. UBS Group boosted their price objective on Performance Food Group from $98.00 to $102.00 and gave the company a "buy" rating in a report on Thursday, November 7th. Finally, BMO Capital Markets boosted their price objective on Performance Food Group from $87.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, Performance Food Group has an average rating of "Moderate Buy" and an average target price of $95.73.

Performance Food Group Stock Down 3.3 %

NYSE PFGC traded down $2.78 on Friday, reaching $81.76. 1,467,096 shares of the stock traded hands, compared to its average volume of 1,193,771. 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 company has a fifty day moving average price of $86.71 and a 200-day moving average price of $81.87. The company has a market cap of $12.77 billion, a price-to-earnings ratio of 32.97, a PEG ratio of 0.98 and a beta of 1.44. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44.

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 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, research analysts forecast that Performance Food Group will post 4.58 EPS for the current fiscal year.

Insider Transactions at Performance Food Group

In other news, insider Craig Howard Hoskins sold 20,496 shares of the business's stock in a transaction on Friday, December 20th. The stock was sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the transaction, the insider now directly owns 172,372 shares of the company's stock, valued at approximately $14,582,671.20. The trade was a 10.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.80% of the company's stock.

Performance Food Group Company 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.