Two Sigma Investments LP grew its position in Performance Food Group Co (NYSE:PFGC) by 46.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 742,356 shares of the restaurant operator’s stock after purchasing an additional 236,467 shares during the period. Two Sigma Investments LP owned approximately 0.71% of Performance Food Group worth $24,572,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado purchased a new stake in Performance Food Group during the 4th quarter worth approximately $103,000. Balter Liquid Alternatives LLC acquired a new position in shares of Performance Food Group in the 4th quarter worth approximately $136,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Performance Food Group by 42.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,979 shares of the restaurant operator’s stock worth $165,000 after acquiring an additional 1,478 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Performance Food Group by 25.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,780 shares of the restaurant operator’s stock worth $158,000 after acquiring an additional 1,177 shares in the last quarter. Finally, Sawgrass Asset Management LLC acquired a new position in shares of Performance Food Group in the 4th quarter worth approximately $258,000. Institutional investors and hedge funds own 94.94% of the company’s stock.
A number of research analysts recently issued reports on PFGC shares. Royal Bank of Canada restated a “sector perform” rating and set a $32.00 price objective on shares of Performance Food Group in a research report on Tuesday, February 6th. Zacks Investment Research upgraded Performance Food Group from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Tuesday, December 19th. Pivotal Research reiterated a “hold” rating and set a $31.00 price target (down previously from $34.00) on shares of Performance Food Group in a research report on Thursday, February 8th. 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. Finally, BMO Capital Markets reiterated a “buy” rating and set a $33.00 price target on shares of Performance Food Group in a research report on Wednesday, January 24th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $34.00.
In other Performance Food Group news, insider Craig Howard Hoskins sold 12,533 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $30.49, for a total value of $382,131.17. Following the transaction, the insider now owns 149,744 shares in the company, valued at $4,565,694.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.70% of the company’s stock.
Shares of Performance Food Group stock opened at $29.90 on Friday. The firm has a market cap of $3,104.42, a PE ratio of 24.11, a P/E/G ratio of 0.89 and a beta of 0.32. Performance Food Group Co has a 12-month low of $23.25 and a 12-month high of $35.25. The company has a current ratio of 1.67, a quick ratio of 0.86 and a debt-to-equity ratio of 1.38.
Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $4.35 billion. During the same period in the previous year, the firm earned $0.29 earnings per share. Performance Food Group’s quarterly revenue was up 6.4% on a year-over-year basis. equities research analysts predict that Performance Food Group Co will post 1.6 EPS 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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