Performance Food Group Company $PFGC Shares Acquired by Engineers Gate Manager LP

Engineers Gate Manager LP increased its position in Performance Food Group Company (NYSE:PFGC) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 401,342 shares of the food distribution company’s stock after acquiring an additional 6,904 shares during the period. Engineers Gate Manager LP owned approximately 0.26% of Performance Food Group worth $36,089,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PFGC. Torren Management LLC acquired a new stake in Performance Food Group during the 4th quarter valued at $41,000. Lloyd Advisory Services LLC. acquired a new stake in Performance Food Group during the 4th quarter valued at $43,000. Clearstead Advisors LLC grew its holdings in Performance Food Group by 132.9% during the 4th quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock valued at $53,000 after buying an additional 335 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Performance Food Group by 440.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after buying an additional 537 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in Performance Food Group during the 4th quarter valued at $62,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Price Performance

PFGC stock opened at $103.23 on Thursday. Performance Food Group Company has a 52-week low of $80.82 and a 52-week high of $109.05. The stock’s fifty day simple moving average is $94.09 and its 200-day simple moving average is $92.48. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $16.22 billion, a price-to-earnings ratio of 49.16, a price-to-earnings-growth ratio of 1.64 and a beta of 0.93.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The business had revenue of $16.29 billion for the quarter, compared to analysts’ expectations of $16.17 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The business’s revenue was up 6.4% on a year-over-year basis. Equities research analysts expect that Performance Food Group Company will post 4.57 EPS for the current year.

Wall Street Analyst Weigh In

PFGC has been the topic of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $123.00 target price on shares of Performance Food Group in a report on Thursday, May 7th. Zacks Research upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Citigroup increased their target price on Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Barclays increased their target price on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Performance Food Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

Insiders Place Their Bets

In other news, insider Hugh Patrick Hatcher sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $94.54, for a total transaction of $283,620.00. Following the sale, the insider owned 44,655 shares in the company, valued at $4,221,683.70. This trade represents a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider A Brent King sold 6,111 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $105.00, for a total value of $641,655.00. Following the sale, the insider owned 44,260 shares in the company, valued at $4,647,300. This trade represents a 12.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,592 shares of company stock worth $2,741,865 over the last ninety days. Company insiders own 4.50% of the company’s stock.

Performance Food Group Company Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.