Performance Food Group Company $PFGC Shares Purchased by Interval Partners LP

Interval Partners LP increased its stake in shares of Performance Food Group Company (NYSE:PFGC) by 78.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 481,327 shares of the food distribution company’s stock after acquiring an additional 210,905 shares during the quarter. Performance Food Group makes up about 0.8% of Interval Partners LP’s investment portfolio, making the stock its 24th largest position. Interval Partners LP’s holdings in Performance Food Group were worth $50,077,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in PFGC. Goldman Sachs Group Inc. increased its stake in shares of Performance Food Group by 30.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock worth $62,266,000 after acquiring an additional 184,066 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of Performance Food Group during the 1st quarter valued at about $359,000. ProShare Advisors LLC grew its holdings in shares of Performance Food Group by 4.0% in the second quarter. ProShare Advisors LLC now owns 6,920 shares of the food distribution company’s stock valued at $605,000 after purchasing an additional 264 shares during the period. Allworth Financial LP grew its holdings in shares of Performance Food Group by 247.0% in the second quarter. Allworth Financial LP now owns 2,030 shares of the food distribution company’s stock valued at $178,000 after purchasing an additional 1,445 shares during the period. Finally, Vise Technologies Inc. acquired a new stake in Performance Food Group during the second quarter worth about $225,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on PFGC shares. Zacks Research downgraded shares of Performance Food Group from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Barclays cut their price target on shares of Performance Food Group from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. UBS Group lowered their price objective on Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research note on Monday, December 29th. Finally, Morgan Stanley reduced their target price on Performance Food Group from $123.00 to $120.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Nine analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Performance Food Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $116.44.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider Chasity D. Grosh sold 1,843 shares of the business’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $92.03, for a total transaction of $169,611.29. Following the completion of the transaction, the insider owned 6,601 shares in the company, valued at $607,490.03. The trade was a 21.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.50% of the stock is owned by corporate insiders.

Performance Food Group Price Performance

Shares of NYSE PFGC opened at $88.19 on Friday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.60 and a quick ratio of 0.68. The company has a market cap of $13.83 billion, a price-to-earnings ratio of 40.09, a price-to-earnings-growth ratio of 1.23 and a beta of 0.91. The stock’s 50-day moving average is $93.43 and its two-hundred day moving average is $96.73. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $109.05.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 4th. The food distribution company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.09). Performance Food Group had a return on equity of 15.64% and a net margin of 0.52%.The company had revenue of $16.44 billion for the quarter, compared to analyst estimates of $16.54 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Analysts forecast that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

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.