Performance Food Group (NYSE:PFGC) Shares Sold by Candlestick Capital Management LP

Candlestick Capital Management LP lowered its holdings in Performance Food Group (NYSE:PFGC - Free Report) by 65.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 414,391 shares of the food distribution company's stock after selling 797,597 shares during the quarter. Candlestick Capital Management LP owned 0.27% of Performance Food Group worth $35,037,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PFGC. Millstone Evans Group LLC acquired a new stake in shares of Performance Food Group during the 4th quarter worth approximately $26,000. Central Pacific Bank Trust Division acquired a new stake in Performance Food Group during the fourth quarter valued at $42,000. Blue Trust Inc. increased its holdings in Performance Food Group by 64.6% in the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after buying an additional 212 shares in the last quarter. V Square Quantitative Management LLC raised its position in shares of Performance Food Group by 51.4% in the fourth quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock worth $60,000 after acquiring an additional 239 shares during the period. Finally, UMB Bank n.a. boosted its stake in shares of Performance Food Group by 69.1% during the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock worth $65,000 after acquiring an additional 313 shares in 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 analysts have issued reports on the company. StockNews.com downgraded Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Barclays cut their price target on shares of Performance Food Group from $102.00 to $95.00 and set an "overweight" rating for the company in a report on Tuesday, April 22nd. Piper Sandler downgraded shares of Performance Food Group from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $92.00 to $90.00 in a report on Friday, February 7th. Finally, Morgan Stanley upped their price target on shares of 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. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $95.09.

Performance Food Group Trading Up 1.8 %

Shares of NYSE PFGC traded up $1.46 during trading on Friday, hitting $82.66. 785,656 shares of the company were exchanged, compared to its average volume of 1,107,207. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The company has a fifty day moving average price of $77.87 and a 200-day moving average price of $83.18. The firm has a market capitalization of $12.91 billion, a PE ratio of 33.33, a P/E/G ratio of 0.96 and a beta of 1.16.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing the consensus estimate 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, equities research analysts expect that Performance Food Group will post 4.58 EPS for the current 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.