Brant Point Investment Management LLC Has $9.96 Million Position in Performance Food Group Company $PFGC

Brant Point Investment Management LLC lifted its position in shares of Performance Food Group Company (NYSE:PFGC) by 14.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 110,743 shares of the food distribution company’s stock after acquiring an additional 13,559 shares during the quarter. Performance Food Group makes up 1.2% of Brant Point Investment Management LLC’s investment portfolio, making the stock its 2nd largest position. Brant Point Investment Management LLC’s holdings in Performance Food Group were worth $9,958,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Torren Management LLC bought a new position in shares of Performance Food Group during the 4th quarter worth $41,000. Lloyd Advisory Services LLC. bought a new position in shares of Performance Food Group during the 4th quarter worth $43,000. Clearstead Advisors LLC grew its stake in shares of Performance Food Group by 132.9% during the 4th quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock worth $53,000 after acquiring an additional 335 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of 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 worth $58,000 after acquiring an additional 537 shares during the period. Finally, V Square Quantitative Management LLC bought a new position in shares of Performance Food Group during the 4th quarter worth $62,000. Institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Performance Food Group Stock Up 0.2%

Shares of NYSE PFGC opened at $104.22 on Friday. Performance Food Group Company has a 52 week low of $80.82 and a 52 week high of $109.05. The business has a 50-day simple moving average of $92.92 and a two-hundred day simple moving average of $92.34. 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 company has a market cap of $16.37 billion, a P/E ratio of 49.63, a P/E/G ratio of 1.63 and a beta of 0.93.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 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 during the quarter, compared to the consensus estimate of $16.17 billion. During the same quarter last year, the company earned $0.79 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. Research analysts anticipate that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Performance Food Group news, insider Erika T. Davis sold 1,750 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $95.00, for a total value of $166,250.00. Following the completion of the transaction, the insider owned 44,791 shares in the company, valued at $4,255,145. This trade represents a 3.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider A Brent King sold 5,641 shares of Performance Food Group stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $96.63, for a total value of $545,089.83. Following 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 have sold 19,731 shares of company stock worth $1,916,460 in the last 90 days. 4.50% of the stock is owned by company insiders.

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.