TimesSquare Capital Management LLC Has $4.76 Million Stock Holdings in Performance Food Group (NYSE:PFGC)

TimesSquare Capital Management LLC lessened its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 14.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 60,675 shares of the food distribution company's stock after selling 9,950 shares during the period. TimesSquare Capital Management LLC's holdings in Performance Food Group were worth $4,755,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Capital World Investors grew its position in Performance Food Group by 0.5% in the 1st quarter. Capital World Investors now owns 21,527,096 shares of the food distribution company's stock valued at $1,606,782,000 after buying an additional 100,244 shares in the last quarter. Eminence Capital LP lifted its position in Performance Food Group by 7.4% in the second quarter. Eminence Capital LP now owns 2,398,614 shares of the food distribution company's stock worth $158,572,000 after purchasing an additional 164,472 shares during the period. Dimensional Fund Advisors LP boosted its stake in Performance Food Group by 27.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,150,291 shares of the food distribution company's stock valued at $142,170,000 after purchasing an additional 469,500 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Performance Food Group by 27.8% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,710,679 shares of the food distribution company's stock valued at $113,093,000 after purchasing an additional 372,218 shares during the period. Finally, Primecap Management Co. CA raised its stake in shares of Performance Food Group by 223.4% in the 2nd quarter. Primecap Management Co. CA now owns 1,625,280 shares of the food distribution company's stock worth $107,447,000 after buying an additional 1,122,676 shares in the last quarter. Institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Up 1.5 %

Shares of PFGC stock traded up $1.29 during trading on Monday, hitting $87.26. 1,054,269 shares of the company were exchanged, compared to its average volume of 1,029,041. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 31.72, a P/E/G ratio of 0.87 and a beta of 1.44. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.76 and a current ratio of 1.70. The business's 50-day simple moving average is $78.82 and its 200 day simple moving average is $72.19. Performance Food Group has a twelve month low of $60.59 and a twelve month high of $89.00.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The firm had revenue of $15.42 billion for the quarter, compared to analysts' expectations of $15.22 billion. During the same quarter in the prior year, the business posted $1.15 earnings per share. Performance Food Group's revenue was up 3.2% on a year-over-year basis. As a group, analysts forecast that Performance Food Group will post 4.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on PFGC. StockNews.com cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Thursday. UBS Group increased their target price on shares of Performance Food Group from $98.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday. Wells Fargo & Company lifted their price target on shares of Performance Food Group from $83.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 9th. Truist Financial increased their price objective on Performance Food Group from $88.00 to $101.00 and gave the company a "buy" rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Performance Food Group from $93.00 to $94.00 and gave the stock a "buy" rating in a report on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $94.50.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider George L. Holm sold 63,500 shares of Performance Food Group stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $73.53, for a total value of $4,669,155.00. Following the completion of the sale, the insider now directly owns 531,556 shares in the company, valued at $39,085,312.68. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Kimberly Grant sold 4,000 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total value of $294,440.00. Following the completion of the sale, the director now directly owns 10,184 shares in the company, valued at approximately $749,644.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider George L. Holm sold 63,500 shares of the business's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the transaction, the insider now directly owns 531,556 shares of the company's stock, valued at approximately $39,085,312.68. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,500 shares of company stock valued at $7,426,075. 2.80% of the stock is owned by corporate insiders.

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.