Wells Fargo & Company MN grew its position in Performance Food Group Co (NYSE:PFGC) by 21.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 338,559 shares of the restaurant operator’s stock after purchasing an additional 60,455 shares during the quarter. Wells Fargo & Company MN’s holdings in Performance Food Group were worth $11,206,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado acquired a new stake in Performance Food Group during the fourth quarter worth approximately $103,000. Balter Liquid Alternatives LLC acquired a new stake in Performance Food Group during the fourth quarter worth approximately $136,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Performance Food Group by 42.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,979 shares of the restaurant operator’s stock worth $165,000 after buying an additional 1,478 shares in the last quarter. Meeder Asset Management Inc. grew its position in Performance Food Group by 1,158.0% during the fourth quarter. Meeder Asset Management Inc. now owns 8,504 shares of the restaurant operator’s stock worth $281,000 after buying an additional 7,828 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Performance Food Group during the third quarter worth approximately $287,000. 94.94% of the stock is currently owned by institutional investors.
Shares of Performance Food Group Co (NYSE:PFGC) opened at $31.35 on Tuesday. 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 Co has a 12 month low of $22.30 and a 12 month high of $35.25. The firm has a market capitalization of $3,265.61, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 0.94 and a beta of 0.26.
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 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 during the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the prior year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. equities analysts anticipate that Performance Food Group Co will post 1.6 EPS for the current fiscal year.
In other Performance Food Group news, insider Craig Howard Hoskins sold 12,533 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $30.49, for a total transaction of $382,131.17. Following the completion of the sale, the insider now directly owns 149,744 shares in the company, valued at $4,565,694.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.70% of the stock is owned by corporate insiders.
A number of equities research analysts recently issued reports on PFGC shares. TheStreet downgraded Performance Food Group from a “b-” rating to a “c” rating in a research report on Monday, November 27th. Loop Capital set a $35.00 price target on Performance Food Group and gave the stock a “buy” rating in a research report on Friday, December 15th. Zacks Investment Research downgraded Performance Food Group from a “buy” rating to a “hold” rating in a research report on Saturday, December 16th. BMO Capital Markets reissued a “buy” rating and set a $33.00 price target on shares of Performance Food Group in a research report on Wednesday, January 24th. Finally, Guggenheim reissued a “buy” rating and set a $39.00 price target on shares of Performance Food Group in a research report on Sunday, January 28th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $34.00.
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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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