Perry Creek Capital LP Sells 173,403 Shares of Performance Food Group (NYSE:PFGC)

Perry Creek Capital LP trimmed its position in Performance Food Group (NYSE:PFGC - Free Report) by 25.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 505,335 shares of the food distribution company's stock after selling 173,403 shares during the quarter. Performance Food Group comprises 22.2% of Perry Creek Capital LP's investment portfolio, making the stock its 2nd biggest position. Perry Creek Capital LP owned 0.32% of Performance Food Group worth $42,726,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in PFGC. HighPoint Advisor Group LLC grew its position in shares of Performance Food Group by 2.7% during the fourth quarter. HighPoint Advisor Group LLC now owns 4,630 shares of the food distribution company's stock worth $389,000 after buying an additional 121 shares in the last quarter. Stifel Financial Corp lifted its stake in Performance Food Group by 4.6% in the fourth quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock worth $248,000 after acquiring an additional 130 shares during the last quarter. Highland Capital Management LLC grew its holdings in Performance Food Group by 6.7% during the 4th quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company's stock worth $246,000 after acquiring an additional 183 shares in the last quarter. Blue Trust Inc. increased its position 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 last quarter. Finally, M&T Bank Corp raised 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 valued at $1,597,000 after purchasing an additional 213 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Performance

Shares of NYSE:PFGC traded down $1.31 on Friday, reaching $79.46. The company's stock had a trading volume of 1,054,805 shares, compared to its average volume of 1,120,107. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The stock has a market capitalization of $12.41 billion, a P/E ratio of 32.04, a PEG ratio of 0.96 and a beta of 1.16. The stock's 50-day moving average is $78.15 and its two-hundred day moving average is $83.19. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts forecast that Performance Food Group will post 4.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on PFGC shares. Barclays lowered their target price on shares of Performance Food Group from $102.00 to $95.00 and set an "overweight" rating for the company in a research note on Tuesday. StockNews.com downgraded Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. Finally, Morgan Stanley increased their price target 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. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $95.09.

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.