First Hawaiian Bank Boosts Position in Performance Food Group Company $PFGC

Key Points

• First Hawaiian Bank increased its stake in Performance Food Group Company by 28.8%, acquiring an additional 2,823 shares and owning a total of 12,642 shares worth approximately $994,000.
• Several institutional investors have significantly increased their holdings in Performance Food Group, with CENTRAL TRUST Co raising its stake by 476.5% during the same period.
• A variety of brokerages have upgraded their price targets for Performance Food Group, with Barclays increasing its target from $112 to $120 and maintaining an "overweight" rating.

First Hawaiian Bank increased its position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 28.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,642 shares of the food distribution company's stock after purchasing an additional 2,823 shares during the quarter. First Hawaiian Bank's holdings in Performance Food Group were worth $994,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC lifted its position in Performance Food Group by 746.2% during the first quarter. SG Americas Securities LLC now owns 11,178 shares of the food distribution company's stock worth $879,000 after purchasing an additional 9,857 shares during the period. Dimensional Fund Advisors LP raised its stake in Performance Food Group by 6.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,221,430 shares of the food distribution company's stock worth $174,647,000 after acquiring an additional 137,998 shares in the last quarter. Coppell Advisory Solutions LLC raised its stake in Performance Food Group by 10,786.7% during the first quarter. Coppell Advisory Solutions LLC now owns 9,036 shares of the food distribution company's stock worth $711,000 after acquiring an additional 8,953 shares in the last quarter. Vident Advisory LLC acquired a new position in shares of Performance Food Group in the first quarter valued at approximately $462,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Performance Food Group by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,282,070 shares of the food distribution company's stock valued at $100,809,000 after buying an additional 60,745 shares during the period. Institutional investors own 96.87% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PFGC. 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. Wells Fargo & Company upped their target price on Performance Food Group from $100.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. Barclays upped their target price on Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" rating in a 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 target price on the stock. Finally, Sanford C. Bernstein set a $112.00 target price on Performance Food Group and gave the company an "overweight" rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.67.

Performance Food Group Stock Down 1.3%

Shares of PFGC traded down $1.38 during trading hours on Thursday, reaching $107.35. The stock had a trading volume of 311,250 shares, compared to its average volume of 1,375,668. Performance Food Group Company has a 12 month low of $68.39 and a 12 month high of $109.05. The firm has a 50-day simple moving average of $100.66 and a 200 day simple moving average of $88.60. 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 market capitalization of $16.80 billion, a price-to-earnings ratio of 49.52, a P/E/G ratio of 1.18 and a beta of 1.10.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The company had revenue of $16.94 billion for the quarter, compared to analysts' expectations of $16.85 billion. During the same period last year, the business earned $1.45 EPS. Performance Food Group'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. Equities research analysts predict that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Donald S. Bulmer sold 1,308 shares of Performance Food Group stock in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $101.56, for a total value of $132,840.48. Following the completion of the sale, the insider owned 53,794 shares of the company's stock, valued at approximately $5,463,318.64. This trade represents a 2.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Erika T. Davis sold 4,100 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.06, for a total value of $430,746.00. Following the completion of the transaction, the insider owned 46,541 shares of the company's stock, valued at approximately $4,889,597.46. This represents a 8.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,968 shares of company stock valued at $5,944,596. 2.80% of the stock is owned by company insiders.

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.