Earnest Partners LLC Purchases 19,779 Shares of Performance Food Group (NYSE:PFGC)

Earnest Partners LLC grew its stake in shares of Performance Food Group (NYSE:PFGC - Free Report) by 2.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 765,109 shares of the food distribution company's stock after buying an additional 19,779 shares during the quarter. Earnest Partners LLC owned 0.49% of Performance Food Group worth $64,690,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PFGC. Susquehanna Fundamental Investments LLC bought a new position in Performance Food Group during the 4th quarter worth approximately $16,414,000. Pinebridge Investments L.P. boosted its stake in shares of Performance Food Group by 42.7% during the fourth quarter. Pinebridge Investments L.P. now owns 45,691 shares of the food distribution company's stock valued at $3,863,000 after purchasing an additional 13,669 shares during the period. Stifel Financial Corp grew its holdings in shares of Performance Food Group by 4.6% in the fourth quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock worth $248,000 after purchasing an additional 130 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Performance Food Group by 131.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,613 shares of the food distribution company's stock worth $897,000 after buying an additional 6,019 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in Performance Food Group by 8.9% during the 4th quarter. MetLife Investment Management LLC now owns 88,738 shares of the food distribution company's stock valued at $7,503,000 after buying an additional 7,254 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Up 1.8 %

NYSE PFGC traded up $1.46 during trading hours on Friday, reaching $82.66. 785,656 shares of the company's stock traded hands, compared to its average volume of 1,107,207. The firm has a market cap of $12.91 billion, a PE ratio of 33.33, a PEG ratio of 0.96 and a beta of 1.16. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The firm has a 50-day simple moving average of $77.87 and a 200 day simple moving average of $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 return on equity of 16.58% and a net margin of 0.64%. Sell-side analysts anticipate that Performance Food Group will post 4.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PFGC shares. Piper Sandler cut 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 research report on Friday, February 7th. 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 report on Tuesday, January 21st. StockNews.com cut Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Barclays reduced their target price on Performance Food Group from $102.00 to $95.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $95.09.

About Performance Food Group

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.