Leeward Investments LLC MA Buys 33,839 Shares of Performance Food Group (NYSE:PFGC)

Leeward Investments LLC MA boosted its stake in shares of Performance Food Group (NYSE:PFGC) by 14.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 274,805 shares of the food distribution company’s stock after acquiring an additional 33,839 shares during the period. Leeward Investments LLC MA’s holdings in Performance Food Group were worth $19,003,000 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 PFGC. DAVENPORT & Co LLC increased its stake in Performance Food Group by 21.4% during the 3rd quarter. DAVENPORT & Co LLC now owns 7,990 shares of the food distribution company’s stock worth $470,000 after acquiring an additional 1,410 shares during the period. Oak Thistle LLC bought a new position in Performance Food Group during the 3rd quarter worth $1,068,000. Raymond James & Associates increased its stake in Performance Food Group by 15.5% during the 3rd quarter. Raymond James & Associates now owns 191,955 shares of the food distribution company’s stock worth $11,298,000 after acquiring an additional 25,715 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Performance Food Group in the 3rd quarter valued at $203,000. Finally, Stratos Wealth Partners LTD. boosted its holdings in shares of Performance Food Group by 46.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 8,441 shares of the food distribution company’s stock valued at $497,000 after purchasing an additional 2,670 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Barclays raised their target price on Performance Food Group from $78.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Morgan Stanley raised their target price on Performance Food Group from $78.00 to $80.00 and gave the company an “equal weight” rating in a report on Friday, April 12th. BMO Capital Markets raised their price objective on Performance Food Group from $78.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, February 8th. Stephens raised their price objective on Performance Food Group from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. Finally, StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, Performance Food Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.25.

Performance Food Group Stock Down 0.1 %

Shares of NYSE:PFGC opened at $68.84 on Friday. The firm has a market cap of $10.71 billion, a P/E ratio of 25.12, a P/E/G ratio of 0.98 and a beta of 1.38. The company has a quick ratio of 0.75, a current ratio of 1.71 and a debt-to-equity ratio of 1.05. Performance Food Group has a 12-month low of $52.92 and a 12-month high of $78.54. The business has a fifty day simple moving average of $73.64 and a 200 day simple moving average of $68.40.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, February 7th. The food distribution company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.02). The company had revenue of $14.30 billion for the quarter, compared to the consensus estimate of $14.20 billion. Performance Food Group had a return on equity of 16.77% and a net margin of 0.74%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 earnings per share. Analysts predict that Performance Food Group will post 4.26 earnings per share for the current year.

Performance Food Group Company 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.