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

CenterBook Partners LP grew its position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 62.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,009 shares of the food distribution company's stock after purchasing an additional 14,257 shares during the quarter. CenterBook Partners LP's holdings in Performance Food Group were worth $2,910,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Millstone Evans Group LLC acquired a new stake in Performance Food Group in the 4th quarter valued at $26,000. CENTRAL TRUST Co boosted its holdings in shares of Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after buying an additional 405 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Performance Food Group by 203.7% in the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock valued at $40,000 after acquiring an additional 334 shares during the period. Signaturefd LLC raised its stake in Performance Food Group by 60.9% in the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock valued at $65,000 after acquiring an additional 314 shares during the period. Finally, Golden State Wealth Management LLC increased its position in shares of Performance Food Group by 353.5% during the first quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock valued at $71,000 after buying an additional 707 shares during the period. Institutional investors own 96.87% of the company's stock.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider Erika T. Davis sold 8,200 shares of the business's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $89.72, for a total value of $735,704.00. Following the completion of the transaction, the insider owned 46,722 shares of the company's stock, valued at approximately $4,191,897.84. The trade was a 14.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hugh Patrick Hatcher sold 2,000 shares of the business's stock in a transaction dated Friday, July 11th. The stock was sold at an average price of $95.00, for a total value of $190,000.00. Following the completion of the transaction, the insider directly owned 35,239 shares of the company's stock, valued at approximately $3,347,705. This trade represents a 5.37% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 77,837 shares of company stock worth $6,901,248 over the last quarter. Corporate insiders own 2.80% of the company's stock.

Performance Food Group Stock Down 0.0%

Shares of PFGC stock traded down $0.02 during mid-day trading on Friday, reaching $99.11. 348,810 shares of the company's stock traded hands, compared to its average volume of 1,136,575. Performance Food Group Company has a 12 month low of $63.24 and a 12 month high of $100.46. The company has a market cap of $15.47 billion, a P/E ratio of 41.25, a P/E/G ratio of 1.40 and a beta of 1.15. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 1.49. The company's 50-day moving average price is $88.36 and its 200-day moving average price is $84.12.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Morgan Stanley upped their price objective on shares of Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Monday. Citigroup started coverage on shares of Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price target on the stock. Wall Street Zen cut shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Truist Financial cut their price target on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Finally, Sanford C. Bernstein set a $112.00 price target on shares of Performance Food Group and gave the company an "overweight" rating in a report on Thursday, May 29th. Five 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $100.31.

Performance Food Group 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.