125,479 Shares in Performance Food Group Company $PFGC Bought by Braun Stacey Associates Inc.

Braun Stacey Associates Inc. purchased a new stake in shares of Performance Food Group Company (NYSE:PFGC) in the third quarter, according to the company in its most recent filing with the SEC. The firm purchased 125,479 shares of the food distribution company’s stock, valued at approximately $13,055,000. Braun Stacey Associates Inc. owned about 0.08% of Performance Food Group at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Hsbc Holdings PLC lifted its stake in Performance Food Group by 8.7% during the first quarter. Hsbc Holdings PLC now owns 2,837 shares of the food distribution company’s stock worth $222,000 after purchasing an additional 227 shares during the last quarter. Vident Advisory LLC bought a new stake in Performance Food Group in the first quarter valued at approximately $462,000. Alliancebernstein L.P. boosted its position in Performance Food Group by 4.2% during the 1st quarter. Alliancebernstein L.P. now owns 231,846 shares of the food distribution company’s stock valued at $18,230,000 after buying an additional 9,343 shares during the period. Petrus Trust Company LTA boosted its holdings in shares of Performance Food Group by 17.0% during the first quarter. Petrus Trust Company LTA now owns 5,577 shares of the food distribution company’s stock worth $439,000 after purchasing an additional 812 shares during the period. Finally, Goldman Sachs Group Inc. grew its position in shares of Performance Food Group by 30.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock worth $62,266,000 after buying an additional 184,066 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PFGC shares. Wall Street Zen lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Saturday, October 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a research note on Monday. Barclays raised their price objective on shares of Performance Food Group from $118.00 to $120.00 and gave the company an “overweight” rating in a research note on Thursday, November 6th. Guggenheim reissued a “buy” rating on shares of Performance Food Group in a report on Thursday, December 18th. Finally, Piper Sandler reduced their price target on shares of Performance Food Group from $116.00 to $111.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $116.22.

Performance Food Group Stock Performance

Shares of PFGC opened at $90.00 on Friday. Performance Food Group Company has a 52 week low of $68.39 and a 52 week high of $109.05. The stock has a market cap of $14.11 billion, a price-to-earnings ratio of 43.27, a PEG ratio of 1.09 and a beta of 0.94. The business has a 50-day simple moving average of $94.64 and a two-hundred day simple moving average of $97.25. The company has a quick ratio of 0.70, a current ratio of 1.67 and a debt-to-equity ratio of 1.55.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $1.16 by $0.02. The business had revenue of $17.08 billion for the quarter, compared to the consensus estimate of $16.87 billion. Performance Food Group had a net margin of 0.50% and a return on equity of 15.97%. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.16 earnings per share. On average, analysts expect that Performance Food Group Company will post 4.58 EPS for the current year.

Performance Food Group Profile

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.