416,914 Shares in Performance Food Group (NYSE:PFGC) Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP purchased a new position in shares of Performance Food Group (NYSE:PFGC - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 416,914 shares of the food distribution company's stock, valued at approximately $35,250,000. Freestone Grove Partners LP owned about 0.27% of Performance Food Group as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PFGC. Kapitalo Investimentos Ltda acquired a new stake in shares of Performance Food Group in the 4th quarter valued at approximately $167,000. AdvisorShares Investments LLC acquired a new stake in shares of Performance Food Group in the 4th quarter valued at approximately $159,000. Masterton Capital Management LP boosted its holdings in shares of Performance Food Group by 58.2% in the 4th quarter. Masterton Capital Management LP now owns 85,586 shares of the food distribution company's stock valued at $7,236,000 after buying an additional 31,500 shares during the last quarter. Northern Trust Corp lifted its holdings in Performance Food Group by 16.7% during the 4th quarter. Northern Trust Corp now owns 1,218,443 shares of the food distribution company's stock valued at $103,019,000 after purchasing an additional 174,300 shares during the last quarter. Finally, Earnest Partners LLC lifted its holdings in Performance Food Group by 2.7% during the 4th quarter. Earnest Partners LLC now owns 765,109 shares of the food distribution company's stock valued at $64,690,000 after purchasing an additional 19,779 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on PFGC. Morgan Stanley increased their price objective on Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. StockNews.com cut Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, Barclays lowered their price objective on Performance Food Group from $102.00 to $95.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $95.09.

Performance Food Group Trading Up 0.2 %

NYSE:PFGC opened at $80.62 on Thursday. Performance Food Group has a 12 month low of $61.60 and a 12 month high of $92.44. The stock has a market capitalization of $12.59 billion, a price-to-earnings ratio of 32.51, a PEG ratio of 0.96 and a beta of 1.16. The firm has a fifty day simple moving average of $77.89 and a two-hundred day simple moving average of $83.18. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. Analysts expect that Performance Food Group will post 4.58 EPS for the current fiscal year.

Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.

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