Performance Food Group Company $PFGC Shares Bought by Earnest Partners LLC

Key Points

• Earnest Partners LLC increased its stake in Performance Food Group Company ($PFGC) by 4.9%, owning approximately 802,540 shares valued at $63.1 million.
• Performance Food Group reported quarterly earnings of $1.55 EPS, surpassing estimates, with revenue reaching $16.94 billion, reflecting an 11.2% year-over-year growth.
• Several analysts have upgraded their ratings and price targets for Performance Food Group, with a consensus target price of $107.67 and a recommendation for a "Moderate Buy."

Earnest Partners LLC raised its stake in Performance Food Group Company (NYSE:PFGC - Free Report) by 4.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 802,540 shares of the food distribution company's stock after acquiring an additional 37,431 shares during the period. Earnest Partners LLC owned approximately 0.51% of Performance Food Group worth $63,104,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PFGC. CENTRAL TRUST Co increased its holdings in Performance Food Group by 476.5% in the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock valued at $39,000 after acquiring an additional 405 shares during the last quarter. Farther Finance Advisors LLC increased its holdings 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 last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Performance Food Group in the 1st quarter valued at $44,000. SVB Wealth LLC bought a new stake in Performance Food Group in the 1st quarter valued at $59,000. Finally, Signaturefd LLC increased its holdings 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 last quarter. 96.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PFGC. Guggenheim restated a "buy" rating and issued a $115.00 target price on shares of Performance Food Group in a report on Tuesday, August 26th. Truist Financial boosted their target price on shares of Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Barclays boosted their target price on shares of Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a report on Thursday, August 14th. Morgan Stanley boosted their target price on shares of Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. Finally, Sanford C. Bernstein set a $112.00 target price on shares of Performance Food Group and gave the stock an "overweight" rating in a report on Thursday, May 29th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $107.67.

Insider Activity

In related news, insider A Brent King sold 9,136 shares of Performance Food Group stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $100.51, for a total value of $918,259.36. Following the completion of the transaction, the insider owned 66,540 shares in the company, valued at $6,687,935.40. The trade was a 12.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Erika T. Davis sold 4,316 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $100.52, for a total transaction of $433,844.32. Following the sale, the insider directly owned 55,373 shares in the company, valued at approximately $5,566,093.96. The trade was a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,534 shares of company stock worth $4,322,796 over the last three months. Insiders own 2.80% of the company's stock.

Performance Food Group Stock Performance

Shares of PFGC stock traded up $0.37 during trading hours on Monday, hitting $101.35. The company's stock had a trading volume of 883,420 shares, compared to its average volume of 1,955,655. The stock has a market cap of $15.86 billion, a PE ratio of 46.71, a price-to-earnings-growth ratio of 1.15 and a beta of 1.10. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. The company has a 50 day moving average of $96.21 and a 200 day moving average of $86.80. Performance Food Group Company has a 12-month low of $68.39 and a 12-month high of $103.50.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 EPS 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 business had revenue of $16.94 billion during the quarter, compared to analysts' expectations of $16.85 billion. During the same period in the prior year, the business earned $1.45 earnings per share. The company'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, sell-side analysts forecast that Performance Food Group Company will post 4.58 EPS 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.