Performance Food Group Company (PFGC) Position Increased by Peregrine Capital Management LLC

Peregrine Capital Management LLC increased its position in shares of Performance Food Group Company (NYSE:PFGC) by 3.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,160,506 shares of the restaurant operator’s stock after buying an additional 39,451 shares during the period. Performance Food Group accounts for 0.8% of Peregrine Capital Management LLC’s holdings, making the stock its 26th biggest position. Peregrine Capital Management LLC owned about 1.12% of Performance Food Group worth $32,784,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PFGC. Public Employees Retirement System of Ohio boosted its holdings in Performance Food Group by 37.2% during the first quarter. Public Employees Retirement System of Ohio now owns 4,603 shares of the restaurant operator’s stock worth $110,000 after buying an additional 1,247 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Performance Food Group during the second quarter worth $118,000. Pacad Investment Ltd. boosted its holdings in Performance Food Group by 880.0% during the second quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock worth $134,000 after buying an additional 4,400 shares in the last quarter. Strs Ohio boosted its holdings in Performance Food Group by 4,700.0% during the third quarter. Strs Ohio now owns 4,800 shares of the restaurant operator’s stock worth $135,000 after buying an additional 4,700 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new stake in Performance Food Group during the second quarter worth $141,000. 79.50% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Performance Food Group from $27.00 to $28.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 13th. BMO Capital Markets upped their price objective on shares of Performance Food Group from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 13th. TheStreet upgraded shares of Performance Food Group from a “c” rating to a “b-” rating in a research report on Monday, October 2nd. Zacks Investment Research upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Thursday, October 5th. Finally, BidaskClub upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Performance Food Group currently has a consensus rating of “Hold” and a consensus price target of $29.30.

In related news, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of the business’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $28.25, for a total value of $141,250,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider James D. Hope acquired 3,575 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average price of $26.99 per share, for a total transaction of $96,489.25. Following the completion of the transaction, the insider now directly owns 65,480 shares in the company, valued at $1,767,305.20. The disclosure for this purchase can be found here. 3.70% of the stock is currently owned by insiders.

Performance Food Group Company (NYSE PFGC) traded up 0.36% during trading on Monday, reaching $27.95. 35,128 shares of the company’s stock were exchanged. Performance Food Group Company has a 52 week low of $19.95 and a 52 week high of $29.90. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 30.05 and a beta of -0.27. The stock has a 50-day moving average price of $28.31 and a 200 day moving average price of $27.47.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Performance Food Group had a return on equity of 14.73% and a net margin of 0.57%. Performance Food Group’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.38 earnings per share. Equities research analysts forecast that Performance Food Group Company will post $1.43 earnings per share for the current fiscal year.

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Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.

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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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