24,689 Shares in Performance Food Group (NYSE:PFGC) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Performance Food Group (NYSE:PFGC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 24,689 shares of the food distribution company's stock, valued at approximately $2,087,000.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in Performance Food Group by 11.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock worth $298,794,000 after acquiring an additional 401,235 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new position in Performance Food Group during the 3rd quarter worth $2,772,000. State Street Corp grew its holdings in Performance Food Group by 2.2% during the 3rd quarter. State Street Corp now owns 4,596,105 shares of the food distribution company's stock worth $360,197,000 after acquiring an additional 97,069 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Performance Food Group by 134.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company's stock valued at $54,665,000 after buying an additional 371,078 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Performance Food Group in the 3rd quarter valued at about $3,032,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Barclays decreased 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 report on Thursday, February 6th. StockNews.com lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Melius assumed coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They issued a "hold" rating and a $95.00 price target for the company. Morgan Stanley lifted 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 report on Tuesday, January 21st. Finally, Melius Research raised shares of Performance Food Group to a "hold" rating in a report on Wednesday, December 18th. 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 an average price target of $95.73.

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Performance Food Group Stock Performance

NYSE:PFGC traded up $0.87 during mid-day trading on Friday, hitting $76.84. The stock had a trading volume of 1,891,737 shares, compared to its average volume of 1,062,127. 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 $12.00 billion, a price-to-earnings ratio of 30.98, a P/E/G ratio of 0.96 and a beta of 1.40. The company has a 50 day simple moving average of $84.18 and a 200-day simple moving average of $83.13. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. On average, 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.