Bryce Point Capital LLC Makes New Investment in Performance Food Group (NYSE:PFGC)

Bryce Point Capital LLC acquired a new stake in Performance Food Group (NYSE:PFGC) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,549 shares of the food distribution company’s stock, valued at approximately $554,000.

Several other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC acquired a new stake in Performance Food Group in the 4th quarter valued at about $26,000. Central Pacific Bank Trust Division acquired a new stake in Performance Food Group during the fourth quarter valued at approximately $42,000. Blue Trust Inc. boosted its holdings 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 buying an additional 212 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in shares of Performance Food Group by 51.4% in the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock valued at $60,000 after buying an additional 239 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Performance Food Group by 69.1% during the fourth quarter. UMB Bank n.a. now owns 766 shares of the food distribution company’s stock worth $65,000 after purchasing an additional 313 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Stock Up 2.0 %

Performance Food Group stock opened at $81.03 on Thursday. 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 has a 1-year low of $61.60 and a 1-year high of $92.44. The firm’s fifty day simple moving average is $82.76 and its 200-day simple moving average is $83.47. The company has a market capitalization of $12.66 billion, a P/E ratio of 32.67, a P/E/G ratio of 0.96 and a beta of 1.40.

Performance Food Group (NYSE:PFGC) last posted its earnings results 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 net margin of 0.64% and a return on equity of 16.58%. Sell-side analysts forecast that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PFGC shares. Barclays cut their target price on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Morgan Stanley increased their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 21st. Melius started coverage on shares of Performance Food Group in a research report on Wednesday, December 18th. They set a “hold” rating and a $95.00 price objective on the stock. Finally, Piper Sandler downgraded shares of Performance Food Group from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.73.

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.