Performance Food Group Company $PFGC Shares Bought by CenterBook Partners LP

CenterBook Partners LP increased its holdings in Performance Food Group Company (NYSE:PFGC) by 438.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,460 shares of the food distribution company’s stock after buying an additional 22,357 shares during the period. CenterBook Partners LP’s holdings in Performance Food Group were worth $2,469,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of PFGC. Goldman Sachs Group Inc. raised its position in shares of Performance Food Group by 30.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock worth $62,266,000 after purchasing an additional 184,066 shares during the period. Empowered Funds LLC bought a new position in Performance Food Group during the 1st quarter worth $359,000. EverSource Wealth Advisors LLC increased its position in Performance Food Group by 440.2% in the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock worth $58,000 after buying an additional 537 shares during the period. Marshall Wace LLP acquired a new stake in Performance Food Group in the second quarter worth $230,000. Finally, Qube Research & Technologies Ltd lifted its stake in Performance Food Group by 499.5% in the second quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company’s stock valued at $28,764,000 after buying an additional 273,997 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Insider Buying and Selling

In other Performance Food Group news, Director Kimberly Grant sold 2,500 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $95.00, for a total transaction of $237,500.00. Following the completion of the sale, the director directly owned 11,935 shares of the company’s stock, valued at approximately $1,133,825. This represents a 17.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider A Brent King sold 5,641 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $96.63, for a total transaction of $545,089.83. Following the completion of the sale, the insider owned 57,211 shares of the company’s stock, valued at approximately $5,528,298.93. This trade represents a 8.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 12,891 shares of company stock worth $1,232,460 over the last three months. Corporate insiders own 4.50% of the company’s stock.

Performance Food Group Stock Up 2.4%

PFGC opened at $99.73 on Wednesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. The company has a market capitalization of $15.67 billion, a PE ratio of 47.49, a P/E/G ratio of 1.52 and a beta of 0.93. The stock’s fifty day moving average is $91.82 and its 200-day moving average is $92.15. Performance Food Group Company has a one year low of $80.82 and a one year high of $109.05.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The business had revenue of $16.29 billion for the quarter, compared to the consensus estimate of $16.17 billion. During the same period in the previous year, the firm earned $0.79 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts predict that Performance Food Group Company will post 4.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $123.00 price target on shares of Performance Food Group in a research report on Thursday, May 7th. Barclays upped their target price on shares of Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Zacks Research upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Citigroup increased their price objective on Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $119.00.

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.