Triasima Portfolio Management inc. Has $916,000 Stock Holdings in Performance Food Group Company $PFGC

Triasima Portfolio Management inc. grew its stake in Performance Food Group Company (NYSE:PFGC) by 210.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,806 shares of the food distribution company’s stock after purchasing an additional 5,973 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Performance Food Group were worth $916,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in PFGC. Parkside Financial Bank & Trust boosted its holdings in Performance Food Group by 51.3% during the second quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock worth $32,000 after buying an additional 123 shares during the last quarter. AlphaQuest LLC increased its stake in shares of Performance Food Group by 658.0% in the 2nd quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock valued at $33,000 after acquiring an additional 329 shares during the last quarter. Root Financial Partners LLC bought a new position in Performance Food Group during the 3rd quarter worth approximately $39,000. Golden State Wealth Management LLC raised its holdings in Performance Food Group by 148.6% in the second quarter. Golden State Wealth Management LLC now owns 522 shares of the food distribution company’s stock worth $46,000 after purchasing an additional 312 shares during the period. Finally, Eastern Bank acquired a new stake in Performance Food Group in the third quarter worth $47,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Price Performance

Shares of PFGC opened at $96.35 on Tuesday. The company has a quick ratio of 0.70, a current ratio of 1.67 and a debt-to-equity ratio of 1.55. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $109.05. The stock has a market capitalization of $15.11 billion, a P/E ratio of 46.32, a P/E/G ratio of 1.19 and a beta of 0.93. The company has a 50 day moving average of $93.14 and a 200-day moving average of $97.80.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.02. Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.The business had revenue of $17.08 billion for the quarter, compared to the consensus estimate of $16.87 billion. During the same quarter in the previous year, the business earned $1.16 earnings per share. Performance Food Group’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts forecast that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PFGC shares. Guggenheim reissued a “buy” rating on shares of Performance Food Group in a report on Thursday, December 18th. Sanford C. Bernstein started coverage on Performance Food Group in a research note on Wednesday, October 22nd. They issued an “outperform” rating and a $130.00 target price for the company. Piper Sandler dropped their price target on Performance Food Group from $116.00 to $111.00 and set an “overweight” rating on the stock in a research report on Friday, December 12th. Citigroup decreased their price objective on Performance Food Group from $134.00 to $127.00 and set a “buy” rating for the company in a research report on Wednesday, January 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research note on Monday, December 29th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Performance Food Group has an average rating of “Moderate Buy” and an average target price of $118.22.

Performance Food Group 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.