CenterBook Partners LP Raises Position in Performance Food Group Company (NYSE:PFGC)

CenterBook Partners LP lifted its position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 62.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,009 shares of the food distribution company's stock after acquiring an additional 14,257 shares during the quarter. CenterBook Partners LP's holdings in Performance Food Group were worth $2,910,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of PFGC. Proficio Capital Partners LLC acquired a new position in Performance Food Group during the 4th quarter worth about $2,087,000. Raymond James Financial Inc. acquired a new position in Performance Food Group during the 4th quarter worth about $16,830,000. HighTower Advisors LLC lifted its holdings in Performance Food Group by 11.9% during the 4th quarter. HighTower Advisors LLC now owns 9,047 shares of the food distribution company's stock worth $765,000 after buying an additional 965 shares during the period. Swiss National Bank lifted its holdings in Performance Food Group by 0.9% during the 4th quarter. Swiss National Bank now owns 306,560 shares of the food distribution company's stock worth $25,920,000 after buying an additional 2,800 shares during the period. Finally, Commonwealth Equity Services LLC bought a new position in shares of Performance Food Group in the 4th quarter worth about $230,000. Institutional investors and hedge funds own 96.87% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wall Street Zen lowered Performance Food Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 6th. Citigroup assumed coverage on Performance Food Group in a research report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price objective for the company. Morgan Stanley lifted their price objective on Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Sanford C. Bernstein set a $112.00 target price on Performance Food Group and gave the company an "overweight" rating in a research report on Thursday, May 29th. Finally, Barclays boosted their target price on Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a research report on Thursday, May 29th. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $100.31.

Performance Food Group Stock Performance

PFGC stock traded down $0.47 during midday trading on Friday, reaching $98.66. 1,273,037 shares of the company's stock traded hands, compared to its average volume of 1,142,150. The company has a 50-day moving average price of $88.65 and a two-hundred day moving average price of $84.22. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.73 and a current ratio of 1.61. Performance Food Group Company has a 52 week low of $63.24 and a 52 week high of $100.46. The firm has a market capitalization of $15.40 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.07). The firm had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $15.41 billion. Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 EPS. As a group, equities analysts anticipate that Performance Food Group Company will post 4.58 EPS for the current year.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider Hugh Patrick Hatcher sold 2,000 shares of the firm's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the transaction, the insider owned 35,239 shares of the company's stock, valued at approximately $3,347,705. This trade represents a 5.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Craig Howard Hoskins sold 14,285 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $83.70, for a total transaction of $1,195,654.50. Following the transaction, the insider directly owned 138,008 shares of the company's stock, valued at $11,551,269.60. This represents a 9.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 84,172 shares of company stock valued at $7,534,748 in the last quarter. 2.80% of the stock is currently owned by company 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.