Public Employees Retirement Association of Colorado bought a new position in shares of Performance Food Group Co (NYSE:PFGC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,107 shares of the restaurant operator’s stock, valued at approximately $103,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of PFGC. Rice Hall James & Associates LLC purchased a new stake in Performance Food Group during the fourth quarter worth $19,893,000. State Street Corp boosted its position in Performance Food Group by 80.1% during the second quarter. State Street Corp now owns 1,309,941 shares of the restaurant operator’s stock worth $35,895,000 after purchasing an additional 582,707 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Performance Food Group by 8.9% during the third quarter. JPMorgan Chase & Co. now owns 6,652,804 shares of the restaurant operator’s stock worth $188,274,000 after purchasing an additional 544,199 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Performance Food Group by 223.4% during the second quarter. Dimensional Fund Advisors LP now owns 589,802 shares of the restaurant operator’s stock worth $16,160,000 after purchasing an additional 407,409 shares in the last quarter. Finally, Schroder Investment Management Group boosted its position in Performance Food Group by 9.8% during the third quarter. Schroder Investment Management Group now owns 2,961,078 shares of the restaurant operator’s stock worth $83,799,000 after purchasing an additional 263,111 shares in the last quarter. Institutional investors own 92.10% of the company’s stock.
In related news, insider Craig Howard Hoskins sold 12,533 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $30.49, for a total transaction of $382,131.17. Following the transaction, the insider now directly owns 149,744 shares in the company, valued at $4,565,694.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director William F. Dawson, Jr. sold 6,272,914 shares of the stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $29.68, for a total value of $186,180,087.52. The disclosure for this sale can be found here. Insiders have sold 11,285,447 shares of company stock worth $326,712,219 over the last quarter. 3.70% of the stock is currently owned by company insiders.
Several analysts have recently issued reports on PFGC shares. Pivotal Research restated a “hold” rating and issued a $31.00 price objective (down from $34.00) on shares of Performance Food Group in a research report on Thursday, February 8th. BMO Capital Markets restated a “buy” rating and issued a $37.00 price objective on shares of Performance Food Group in a research report on Wednesday, February 7th. Royal Bank of Canada restated a “sector perform” rating and issued a $32.00 price objective on shares of Performance Food Group in a research report on Tuesday, February 6th. Loop Capital upped their price objective on Performance Food Group to $40.00 and gave the company a “positive” rating in a research report on Friday, February 2nd. Finally, Guggenheim restated a “buy” rating and issued a $39.00 price objective on shares of Performance Food Group in a research report on Sunday, January 28th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $33.44.
Performance Food Group Co (NYSE:PFGC) opened at $30.05 on Wednesday. Performance Food Group Co has a 12-month low of $22.30 and a 12-month high of $35.25. The firm has a market capitalization of $3,140.00 and a PE ratio of 19.26. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.86 and a current ratio of 1.67.
Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Performance Food Group had a return on equity of 15.69% and a net margin of 1.24%. The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.35 billion. During the same period in the prior year, the business posted $0.29 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. analysts predict that Performance Food Group Co will post 1.6 EPS for the current fiscal year.
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About Performance Food Group
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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