Dynamic Technology Lab Private Ltd Takes $287,000 Position in Performance Food Group Company (PFGC)

Dynamic Technology Lab Private Ltd purchased a new position in shares of Performance Food Group Company (NYSE:PFGC) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 10,180 shares of the restaurant operator’s stock, valued at approximately $287,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PFGC. FMR LLC boosted its position in shares of Performance Food Group by 20.3% during the 2nd quarter. FMR LLC now owns 14,747,833 shares of the restaurant operator’s stock worth $404,090,000 after acquiring an additional 2,492,402 shares in the last quarter. BlackRock Inc. lifted its stake in Performance Food Group by 62.4% in the 2nd quarter. BlackRock Inc. now owns 5,336,665 shares of the restaurant operator’s stock valued at $146,224,000 after purchasing an additional 2,049,633 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Performance Food Group by 97.2% in the 2nd quarter. Victory Capital Management Inc. now owns 3,526,649 shares of the restaurant operator’s stock valued at $96,631,000 after purchasing an additional 1,738,128 shares during the last quarter. Vanguard Group Inc. lifted its stake in Performance Food Group by 16.6% in the 2nd quarter. Vanguard Group Inc. now owns 6,738,910 shares of the restaurant operator’s stock valued at $184,646,000 after purchasing an additional 957,920 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in Performance Food Group by 92.3% in the 2nd quarter. Citadel Advisors LLC now owns 1,613,929 shares of the restaurant operator’s stock valued at $44,222,000 after purchasing an additional 774,804 shares during the last quarter. Institutional investors and hedge funds own 82.36% of the company’s stock.

In related news, insider Craig Howard Hoskins sold 4,450 shares of Performance Food Group stock in a transaction on Friday, November 10th. The shares were sold at an average price of $27.81, for a total transaction of $123,754.50. Following the completion of the transaction, the insider now owns 175,993 shares of the company’s stock, valued at $4,894,365.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William F. Dawson, Jr. sold 5,000,000 shares of Performance Food Group stock in a transaction on Friday, November 24th. The stock was sold at an average price of $28.03, for a total transaction of $140,150,000.00. The disclosure for this sale can be found here. Insiders have sold 10,004,450 shares of company stock valued at $281,523,755 in the last ninety days. Insiders own 3.70% of the company’s stock.

Several equities analysts recently commented on the stock. TheStreet downgraded shares of Performance Food Group from a “b-” rating to a “c” rating in a research note on Monday, November 27th. Morgan Stanley increased their price objective on shares of Performance Food Group from $28.00 to $30.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. Wells Fargo & Company raised shares of Performance Food Group from a “market perform” rating to an “outperform” rating in a research note on Friday, November 3rd. BidaskClub raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research raised 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 note on Thursday, October 5th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $30.88.

Performance Food Group Company (NYSE:PFGC) traded up $1.60 during mid-day trading on Tuesday, hitting $31.15. 735,100 shares of the stock traded hands, compared to its average volume of 794,255. The company has a market capitalization of $3,092.05, a P/E ratio of 22.56, a P/E/G ratio of 1.13 and a beta of -0.21. Performance Food Group Company has a 12-month low of $20.85 and a 12-month high of $31.25. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.55 and a quick ratio of 0.80.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $4.37 billion during the quarter, compared to the consensus estimate of $4.37 billion. Performance Food Group had a net margin of 0.62% and a return on equity of 15.02%. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 earnings per share. sell-side analysts expect that Performance Food Group Company will post 1.45 earnings per share for the current year.

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Performance Food Group 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.

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

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