Boothbay Fund Management LLC Invests $296,000 in Performance Food Group (NYSE:PFGC)

Boothbay Fund Management LLC purchased a new position in Performance Food Group (NYSE:PFGC – Get Rating) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 6,899 shares of the food distribution company’s stock, valued at approximately $296,000.

Other large investors have also recently modified their holdings of the company. Quadrant Capital Group LLC raised its position in Performance Food Group by 111.2% in the 2nd quarter. Quadrant Capital Group LLC now owns 583 shares of the food distribution company’s stock worth $27,000 after buying an additional 307 shares during the last quarter. Guardian Wealth Advisors LLC purchased a new position in Performance Food Group in the 3rd quarter worth about $28,000. Pinebridge Investments L.P. raised its position in Performance Food Group by 325.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 954 shares of the food distribution company’s stock worth $44,000 after buying an additional 730 shares during the last quarter. Lazard Asset Management LLC purchased a new position in Performance Food Group in the 2nd quarter worth about $48,000. Finally, Wipfli Financial Advisors LLC purchased a new position in Performance Food Group in the 3rd quarter worth about $53,000. Hedge funds and other institutional investors own 97.35% of the company’s stock.

Insiders Place Their Bets

In other Performance Food Group news, insider Patrick T. Hagerty sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $56.31, for a total value of $28,155.00. Following the completion of the transaction, the insider now directly owns 153,790 shares in the company, valued at approximately $8,659,914.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Patrick T. Hagerty sold 500 shares of the stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $56.31, for a total transaction of $28,155.00. Following the sale, the insider now owns 153,790 shares in the company, valued at approximately $8,659,914.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Donald S. Bulmer sold 970 shares of the stock in a transaction on Monday, February 13th. The stock was sold at an average price of $59.81, for a total value of $58,015.70. Following the completion of the sale, the insider now owns 33,196 shares in the company, valued at approximately $1,985,452.76. The disclosure for this sale can be found here. Insiders sold 2,470 shares of company stock worth $146,166 in the last three months. 2.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PFGC. TheStreet lowered Performance Food Group from a “b” rating to a “c+” rating in a research report on Thursday, February 9th. StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a research report on Friday, November 11th. Deutsche Bank Aktiengesellschaft boosted their price target on Performance Food Group from $60.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 14th. Truist Financial boosted their price target on Performance Food Group from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, January 12th. Finally, Barclays boosted their price target on Performance Food Group from $68.00 to $74.00 and gave the company an “overweight” rating in a research note on Thursday, January 5th. Thirteen investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $71.33.

Performance Food Group Trading Up 0.2 %

Shares of NYSE:PFGC opened at $57.83 on Friday. The stock has a 50 day moving average of $59.29 and a 200 day moving average of $54.78. The company has a market cap of $9.03 billion, a PE ratio of 33.62 and a beta of 1.36. The company has a current ratio of 1.71, a quick ratio of 0.73 and a debt-to-equity ratio of 1.16. Performance Food Group has a 12-month low of $38.23 and a 12-month high of $63.13.

Performance Food Group (NYSE:PFGC – Get Rating) last announced its quarterly earnings data on Wednesday, February 8th. The food distribution company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. The company had revenue of $13.90 billion during the quarter, compared to the consensus estimate of $13.89 billion. Performance Food Group had a return on equity of 16.15% and a net margin of 0.47%. The firm’s revenue was up 8.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 EPS. As a group, equities research analysts expect that Performance Food Group will post 3.82 EPS for the current year.

About Performance Food Group

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Performance Food Group Co engages in the market and distribution of food products. It operates through the following segments: Foodservice, Vistar, & Convenience. The Foodservices segment delivers food and food-related products to independent restaurants, chain restaurants, and other institutional food-away-from-home locations.