Performance Food Group Company $PFGC is Bain Capital Public Equity LP's 3rd Largest Position

Key Points

• Bain Capital Public Equity LP increased its stake in Performance Food Group by 23.4%, owning 120,806 shares valued at approximately $9.5 million, making it their third largest holding.
• Insiders have recently sold shares, including A Brent King and Donald S. Bulmer, resulting in decreases of 2.06% and 2.37% in their respective ownership stakes.
• Performance Food Group reported $1.55 earnings per share, exceeding expectations, and recorded revenues of $16.94 billion, reflecting an 11.2% year-over-year increase.

Bain Capital Public Equity LP boosted its holdings in Performance Food Group Company (NYSE:PFGC - Free Report) by 23.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 120,806 shares of the food distribution company's stock after purchasing an additional 22,907 shares during the period. Performance Food Group comprises about 10.4% of Bain Capital Public Equity LP's portfolio, making the stock its 3rd largest holding. Bain Capital Public Equity LP owned 0.08% of Performance Food Group worth $9,499,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Stifel Financial Corp grew its position in shares of Performance Food Group by 4.6% in the 4th quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock valued at $248,000 after acquiring an additional 130 shares during the period. Ameriprise Financial Inc. increased its position in Performance Food Group by 24.2% during the 4th quarter. Ameriprise Financial Inc. now owns 230,318 shares of the food distribution company's stock worth $19,473,000 after purchasing an additional 44,924 shares in the last quarter. Captrust Financial Advisors increased its position in Performance Food Group by 3.1% in the 4th quarter. Captrust Financial Advisors now owns 22,026 shares of the food distribution company's stock valued at $1,862,000 after acquiring an additional 663 shares during the period. Cetera Investment Advisers increased its position in Performance Food Group by 1.1% in the 4th quarter. Cetera Investment Advisers now owns 32,461 shares of the food distribution company's stock valued at $2,745,000 after acquiring an additional 369 shares during the period. Finally, Eminence Capital LP increased its position in Performance Food Group by 3.2% in the 4th quarter. Eminence Capital LP now owns 2,579,368 shares of the food distribution company's stock valued at $218,086,000 after acquiring an additional 79,591 shares during the period. Institutional investors own 96.87% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PFGC shares. Wells Fargo & Company upped their price objective on shares of Performance Food Group from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. Truist Financial upped their price objective on shares of Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Morgan Stanley upped their price objective on shares of Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. UBS Group upped their price objective on shares of Performance Food Group from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $115.00 price objective on shares of Performance Food Group in a research note on Tuesday, August 26th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $109.67.

Performance Food Group Stock Up 0.1%

Shares of Performance Food Group stock traded up $0.10 during trading hours on Friday, reaching $105.35. The company's stock had a trading volume of 1,134,063 shares, compared to its average volume of 1,735,321. Performance Food Group Company has a one year low of $68.39 and a one year high of $105.80. The company has a market capitalization of $16.49 billion, a P/E ratio of 48.55, a P/E/G ratio of 1.19 and a beta of 1.10. The stock's fifty day simple moving average is $97.97 and its two-hundred day simple moving average is $87.40. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.72 and a current ratio of 1.58.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The firm had revenue of $16.94 billion for the quarter, compared to analyst estimates of $16.85 billion. During the same period last year, the firm earned $1.45 earnings per share. The business's quarterly revenue was up 11.2% compared to the same quarter last year. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, research analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current year.

Insider Buying and Selling at Performance Food Group

In related news, insider A Brent King sold 9,136 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.51, for a total transaction of $918,259.36. Following the transaction, the insider directly owned 66,540 shares of the company's stock, valued at $6,687,935.40. This trade represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Donald S. Bulmer sold 4,348 shares of the firm's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total transaction of $437,060.96. Following the transaction, the insider directly owned 58,526 shares in the company, valued at $5,883,033.52. The trade was a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 58,968 shares of company stock valued at $5,944,596 over the last ninety days. 2.80% of the stock is currently owned by corporate insiders.

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.