Performance Food Group Company $PFGC Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Lowers Position

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its holdings in shares of Performance Food Group Company (NYSE:PFGC) by 37.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,400 shares of the food distribution company’s stock after selling 6,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Performance Food Group were worth $952,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. Parcion Private Wealth LLC purchased a new stake in shares of Performance Food Group during the 3rd quarter valued at $461,000. Soltis Investment Advisors LLC bought a new position in shares of Performance Food Group during the 3rd quarter valued at about $225,000. VestGen Advisors LLC bought a new position in Performance Food Group during the third quarter valued at approximately $236,000. Apollon Wealth Management LLC raised its stake in shares of Performance Food Group by 14.9% during the third quarter. Apollon Wealth Management LLC now owns 3,726 shares of the food distribution company’s stock worth $341,000 after acquiring an additional 483 shares in the last quarter. Finally, Citizens Financial Group Inc. RI raised its stake in shares of Performance Food Group by 373.2% during the third quarter. Citizens Financial Group Inc. RI now owns 10,027 shares of the food distribution company’s stock worth $918,000 after acquiring an additional 7,908 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PFGC. Wells Fargo & Company lifted their target price on shares of Performance Food Group from $115.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. TD Cowen lifted their price target on Performance Food Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Sanford C. Bernstein increased their price target on shares of Performance Food Group from $130.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Weiss Ratings cut shares of Performance Food Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 9th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $128.70.

Performance Food Group Stock Performance

Shares of PFGC opened at $110.01 on Friday. The company has a 50-day simple moving average of $95.73 and a two-hundred day simple moving average of $97.58. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.61 and a quick ratio of 0.67. The firm has a market capitalization of $17.33 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 1.41 and a beta of 0.91. Performance Food Group Company has a one year low of $80.82 and a one year high of $117.47.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, November 4th. The food distribution company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.05. Performance Food Group had a return on equity of 15.25% and a net margin of 0.57%. The firm had revenue of $18.02 billion during the quarter, compared to analyst estimates of $18.02 billion. During the same quarter in the prior year, the company earned $0.60 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. On average, analysts anticipate that Performance Food Group Company will post 5.58 EPS for the current fiscal year.

Key Headlines Impacting Performance Food Group

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: For fiscal Q1 2027, adjusted EPS was $1.32, topping the roughly $1.27 consensus estimate. Revenue rose 5.5% year over year to $18.02 billion, in line with expectations. Zacks earnings report
• Positive Sentiment: Management maintained its fiscal 2027 net-sales outlook and expected sales to rise in the second quarter, supporting confidence in near-term demand and the annual plan. RTTNews results and outlook
• Positive Sentiment: Sanford C. Bernstein raised its price target to $135 from $130 and reiterated an Outperform rating. TD Cowen also lifted its target, to $125 from $110, and assigned a Buy rating—further signaling analyst optimism. Price-target update
• Neutral Sentiment: Quarterly revenue matched analyst expectations, so the earnings beat—not a top-line surprise—was the clearest positive in the report.

Insider Buying and Selling at Performance Food Group

In related news, insider Chasity D. Grosh sold 1,005 shares of the company’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $92.40, for a total value of $92,862.00. Following the sale, the insider owned 5,783 shares in the company, valued at $534,349.20. This represents a 14.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider A. King sold 1,320 shares of Performance Food Group stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total value of $138,982.80. Following the transaction, the insider owned 44,216 shares of the company’s stock, valued at $4,655,502.64. The trade was a 2.90% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 41,459 shares of company stock valued at $4,317,917 over the last three months. 2.10% of the stock is currently owned by corporate insiders.

About Performance Food Group

Performance Food Group Co (NYSE:PFGC) is a food and foodservice distribution company serving restaurants, convenience stores, schools, health care facilities, hospitality businesses and other institutional customers. The company supplies a broad selection of fresh, frozen and dry food products, beverages, disposables, kitchen supplies and related equipment.

Performance Food Group operates through three primary business areas: Foodservice, which distributes products to independent and chain restaurants and institutional customers; Vistar, which supplies candy, snacks, beverages and other products to vending, theater, hospitality and specialty retail customers; and Convenience, which serves convenience stores and other retail locations with food, beverages, tobacco products and related merchandise.

The company traces its origins to 1987 and is headquartered in Richmond, Virginia.