Performance Food Group Company $PFGC Stake Raised by Bain Capital Public Equity Management II LLC

Key Points

• Bain Capital Public Equity Management II LLC increased its stake in Performance Food Group Company (PFGC) by 14.1%, acquiring an additional 293,837 shares, totaling approximately 2,377,994 shares in the company.
• Several other institutional investors also boosted their positions, with CENTRAL TRUST Co increasing holdings by 476.5% and other firms making significant acquisitions during the 1st quarter.
• PFGC's stock has received multiple positive ratings from analysts, with target prices ranging from $96.00 to $121.00, reflecting strong investor confidence and a consensus rating of "Moderate Buy."

Bain Capital Public Equity Management II LLC grew its holdings in Performance Food Group Company (NYSE:PFGC - Free Report) by 14.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,377,994 shares of the food distribution company's stock after buying an additional 293,837 shares during the period. Performance Food Group makes up 14.7% of Bain Capital Public Equity Management II LLC's portfolio, making the stock its 2nd largest holding. Bain Capital Public Equity Management II LLC owned approximately 1.52% of Performance Food Group worth $186,982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in PFGC. Stifel Financial Corp grew its stake 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 worth $248,000 after buying an additional 130 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Performance Food Group by 24.2% during the fourth quarter. Ameriprise Financial Inc. now owns 230,318 shares of the food distribution company's stock worth $19,473,000 after buying an additional 44,924 shares during the period. Captrust Financial Advisors boosted its stake in Performance Food Group by 3.1% during the fourth quarter. Captrust Financial Advisors now owns 22,026 shares of the food distribution company's stock worth $1,862,000 after buying an additional 663 shares during the period. Cetera Investment Advisers boosted its stake in Performance Food Group by 1.1% during the fourth quarter. Cetera Investment Advisers now owns 32,461 shares of the food distribution company's stock worth $2,745,000 after buying an additional 369 shares during the period. Finally, Eminence Capital LP boosted its stake in Performance Food Group by 3.2% during the fourth quarter. Eminence Capital LP now owns 2,579,368 shares of the food distribution company's stock worth $218,086,000 after buying an additional 79,591 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Performance Food Group news, insider Hugh Patrick Hatcher sold 5,000 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total value of $525,350.00. Following the completion of the transaction, the insider directly owned 47,655 shares in the company, valued at approximately $5,007,110.85. The trade was a 9.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Erika T. Davis sold 4,316 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $100.52, for a total transaction of $433,844.32. Following the completion of the transaction, the insider owned 55,373 shares of the company's stock, valued at $5,566,093.96. This represents a 7.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,968 shares of company stock valued at $5,944,596. Company insiders own 2.80% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PFGC. Piper Sandler upgraded Performance Food Group from a "neutral" rating to an "overweight" rating and lifted their target price for the stock from $90.00 to $114.00 in a research report on Tuesday, September 2nd. Sanford C. Bernstein set a $112.00 target price on Performance Food Group and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Truist Financial lifted their target price on Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a research report on Thursday, August 14th. Citigroup began coverage on Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price objective for the company. Finally, Barclays lifted their price objective on Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" rating in a report on Thursday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $109.67.

Performance Food Group Stock Up 0.1%

Shares of PFGC stock traded up $0.10 on Friday, hitting $105.35. The stock had a trading volume of 1,134,063 shares, compared to its average volume of 1,735,321. The company has a quick ratio of 0.72, a current ratio of 1.58 and a debt-to-equity ratio of 1.51. The business has a 50 day moving average price of $97.97 and a 200 day moving average price of $87.40. The company has a market cap of $16.49 billion, a PE ratio of 48.55, a P/E/G ratio of 1.19 and a beta of 1.10. Performance Food Group Company has a one year low of $68.39 and a one year high of $105.80.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. The business had revenue of $16.94 billion during the quarter, compared to the consensus estimate of $16.85 billion. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The firm's revenue was up 11.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Research analysts anticipate that Performance Food Group Company will post 4.58 earnings per share 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.