Atlas Capital Advisors Inc. Has $33,000 Stake in Performance Food Group (NYSE:PFGC)

Atlas Capital Advisors Inc. lowered its stake in shares of Performance Food Group (NYSE:PFGC) by 29.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392 shares of the food distribution company’s stock after selling 162 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Performance Food Group were worth $33,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its holdings in shares of Performance Food Group by 154.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company’s stock worth $330,625,000 after purchasing an additional 2,371,818 shares in the last quarter. Norges Bank bought a new stake in Performance Food Group during the fourth quarter worth about $164,471,000. JPMorgan Chase & Co. grew its stake in Performance Food Group by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock worth $298,794,000 after buying an additional 401,235 shares in the last quarter. TimesSquare Capital Management LLC increased its holdings in Performance Food Group by 658.3% in the 4th quarter. TimesSquare Capital Management LLC now owns 460,105 shares of the food distribution company’s stock valued at $38,902,000 after buying an additional 399,430 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Performance Food Group by 134.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock worth $54,665,000 after acquiring an additional 371,078 shares during the period. Institutional investors own 96.87% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PFGC. StockNews.com cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Piper Sandler lowered Performance Food Group from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Morgan Stanley upped their price objective on 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 Research upgraded Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Finally, Melius started coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price for the company. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $95.73.

Performance Food Group Stock Down 3.5 %

NYSE:PFGC opened at $73.39 on Friday. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The company has a market cap of $11.46 billion, a PE ratio of 29.59, a P/E/G ratio of 0.96 and a beta of 1.40. The firm’s 50 day simple moving average is $82.19 and its 200 day simple moving average is $83.46.

Performance Food Group (NYSE:PFGC) last issued 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 anticipate that Performance Food Group will post 4.58 earnings per share for the current 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.