Bridge City Capital LLC Has $7.99 Million Stock Holdings in Performance Food Group (NYSE:PFGC)

Bridge City Capital LLC grew its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,442 shares of the food distribution company's stock after purchasing an additional 6,918 shares during the period. Performance Food Group makes up about 2.1% of Bridge City Capital LLC's holdings, making the stock its 7th biggest position. Bridge City Capital LLC owned about 0.06% of Performance Food Group worth $7,985,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Coldstream Capital Management Inc. increased its holdings in Performance Food Group by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 4,189 shares of the food distribution company's stock worth $329,000 after acquiring an additional 142 shares during the period. Highland Capital Management LLC raised its position in Performance Food Group by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company's stock valued at $246,000 after purchasing an additional 183 shares in the last quarter. Blue Trust Inc. lifted its stake in Performance Food Group by 64.6% during the fourth 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. M&T Bank Corp boosted its holdings in shares of Performance Food Group by 1.1% in the 4th quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company's stock worth $1,597,000 after purchasing an additional 213 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its position in shares of Performance Food Group by 40.8% during the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock valued at $66,000 after purchasing an additional 226 shares during the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

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

Performance Food Group Trading Up 0.2 %

Shares of Performance Food Group stock traded up $0.14 during trading on Thursday, reaching $78.01. 701,937 shares of the stock were exchanged, compared to its average volume of 1,065,544. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 31.46, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The stock's fifty day moving average is $83.50 and its 200 day moving average is $83.20.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings data 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 research analysts expect that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

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.