Proficio Capital Partners LLC Invests $2.09 Million in Performance Food Group (NYSE:PFGC)

Proficio Capital Partners LLC acquired a new stake in shares of Performance Food Group (NYSE:PFGC - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 24,689 shares of the food distribution company's stock, valued at approximately $2,087,000.

Several other hedge funds also recently bought and sold shares of PFGC. US Bancorp DE grew its stake in Performance Food Group by 9.2% in the 3rd quarter. US Bancorp DE now owns 3,758 shares of the food distribution company's stock worth $295,000 after buying an additional 316 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Performance Food Group by 260.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 891 shares of the food distribution company's stock worth $70,000 after buying an additional 644 shares in the last quarter. QRG Capital Management Inc. grew its stake in Performance Food Group by 15.0% in the 3rd quarter. QRG Capital Management Inc. now owns 4,877 shares of the food distribution company's stock worth $382,000 after buying an additional 636 shares in the last quarter. AEGON ASSET MANAGEMENT UK Plc grew its stake in Performance Food Group by 0.9% in the 3rd quarter. AEGON ASSET MANAGEMENT UK Plc now owns 280,486 shares of the food distribution company's stock worth $21,973,000 after buying an additional 2,418 shares in the last quarter. Finally, Assetmark Inc. grew its stake in Performance Food Group by 6.7% in the 3rd quarter. Assetmark Inc. now owns 64,121 shares of the food distribution company's stock worth $5,025,000 after buying an additional 4,037 shares in the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

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Performance Food Group Trading Down 1.2 %

NYSE:PFGC traded down $0.91 during midday trading on Friday, reaching $77.80. 2,534,627 shares of the stock traded hands, compared to its average volume of 1,215,371. The company has a fifty day moving average of $85.84 and a 200 day moving average of $82.99. 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 capitalization of $12.15 billion, a P/E ratio of 31.37, a PEG ratio of 0.96 and a beta of 1.40.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted 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 net margin of 0.64% and a return on equity of 16.58%. On average, research analysts predict that Performance Food Group will post 4.58 EPS for the current year.

Insiders Place Their Bets

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the company's stock in a transaction on Friday, December 20th. The shares were 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 in the company, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on PFGC shares. 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 cut 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. Piper Sandler cut shares of 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 note on Friday, February 7th. Melius began coverage on shares of Performance Food Group in a research note on Wednesday, December 18th. They issued a "hold" rating and a $95.00 price objective for the company. Finally, Melius Research raised shares of Performance Food Group to a "hold" rating in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Performance Food Group currently has an average rating of "Moderate Buy" and a consensus target price of $95.73.

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.