Performance Food Group (NYSE:PFGC) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC lowered its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 9.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 107,995 shares of the food distribution company's stock after selling 11,881 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.07% of Performance Food Group worth $9,131,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Performance Food Group by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock worth $298,794,000 after acquiring an additional 401,235 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Performance Food Group by 134.7% in the 4th quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company's stock valued at $54,665,000 after purchasing an additional 371,078 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Performance Food Group by 8.1% in the 4th quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company's stock valued at $141,003,000 after purchasing an additional 125,532 shares during the last quarter. Inspire Investing LLC purchased a new stake in shares of Performance Food Group during the 4th quarter valued at $814,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Performance Food Group during the 4th quarter worth $2,087,000. Institutional investors and hedge funds own 96.87% of the company's stock.

Wall Street Analyst Weigh In

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

Performance Food Group Stock Up 1.3 %

PFGC traded up $1.08 on Thursday, reaching $81.74. The company's stock had a trading volume of 427,579 shares, compared to its average volume of 1,201,197. The stock has a market cap of $12.77 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16. Performance Food Group has a 1 year low of $61.60 and a 1 year high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The business's 50 day moving average is $77.89 and its 200 day moving average is $83.18.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS 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%. As a group, research analysts forecast that Performance Food Group will post 4.58 EPS for the current fiscal year.

Performance Food Group 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.