GAMMA Investing LLC Raises Position in Performance Food Group (NYSE:PFGC)

GAMMA Investing LLC boosted its position in Performance Food Group (NYSE:PFGC) by 46.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,690 shares of the food distribution company’s stock after purchasing an additional 533 shares during the period. GAMMA Investing LLC’s holdings in Performance Food Group were worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PFGC. Blue Trust Inc. raised its stake in shares of Performance Food Group by 281.4% in the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after buying an additional 242 shares during the period. Ashton Thomas Securities LLC bought a new stake in Performance Food Group in the 3rd quarter valued at about $26,000. Venturi Wealth Management LLC raised its stake in Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after acquiring an additional 274 shares during the period. UMB Bank n.a. lifted its holdings in Performance Food Group by 414.8% during the third quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock valued at $36,000 after purchasing an additional 365 shares during the last quarter. Finally, V Square Quantitative Management LLC bought a new position in Performance Food Group during the third quarter worth about $36,000. 96.87% of the stock is owned by institutional investors.

Performance Food Group Trading Up 1.3 %

Shares of PFGC opened at $85.83 on Friday. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44. The company has a market capitalization of $13.37 billion, a P/E ratio of 31.67, a P/E/G ratio of 0.95 and a beta of 1.43. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73. The firm’s 50 day simple moving average is $86.07 and its 200 day simple moving average is $77.30.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.06). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The company had revenue of $15.42 billion for the quarter, compared to analysts’ expectations of $15.22 billion. During the same quarter last year, the business posted $1.15 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. Sell-side analysts forecast that Performance Food Group will post 4.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the transaction, the insider now directly owns 172,372 shares of the company’s stock, valued at approximately $14,582,671.20. This trade represents a 10.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Guggenheim boosted their price target on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Piper Sandler increased their target price on Performance Food Group from $79.00 to $92.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. UBS Group raised their price target on Performance Food Group from $98.00 to $102.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Jefferies Financial Group increased their price objective on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, StockNews.com upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $94.33.

About Performance Food Group

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.