First Hawaiian Bank Buys 2,823 Shares of 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 lifted its stake in Performance Food Group Company (NYSE:PFGC - Free Report) by 28.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,642 shares of the food distribution company's stock after acquiring an additional 2,823 shares during the period. First Hawaiian Bank's holdings in Performance Food Group were worth $994,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in PFGC. CENTRAL TRUST Co raised its holdings in Performance Food Group by 476.5% in the first quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after purchasing an additional 405 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Performance Food Group by 203.7% during the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after acquiring an additional 334 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Performance Food Group during the first quarter valued at approximately $44,000. SVB Wealth LLC acquired a new stake in Performance Food Group in the first quarter valued at approximately $59,000. Finally, Signaturefd LLC boosted its stake in Performance Food Group by 60.9% in the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock valued at $65,000 after acquiring an additional 314 shares in the last quarter. Institutional investors own 96.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PFGC. Morgan Stanley upped their price target 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. Barclays upped their target price on Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the stock an "overweight" rating in a report on Thursday, May 29th. Wall Street Zen downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $115.00 price objective on shares of Performance Food Group in a research report on Tuesday, August 26th. 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 stock. According to MarketBeat, Performance Food Group has a consensus rating of "Moderate Buy" and an average price target of $109.67.

Insider Buying and Selling

In related news, insider A Brent King sold 6,334 shares of Performance Food Group stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.10, for a total transaction of $665,703.40. Following the completion of the transaction, the insider directly owned 62,852 shares in the company, valued at approximately $6,605,745.20. This trade represents a 9.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hugh Patrick Hatcher sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $105.07, for a total value of $525,350.00. Following the completion of the sale, the insider owned 47,655 shares in the company, valued at approximately $5,007,110.85. This represents a 9.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 58,968 shares of company stock valued at $5,944,596 over the last quarter. 2.80% of the stock is currently owned by company insiders.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $106.05 on Friday. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $106.93. 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 cap of $16.60 billion, a PE ratio of 48.87, a price-to-earnings-growth ratio of 1.20 and a beta of 1.10. The company's 50 day moving average is $99.65 and its 200 day moving average is $88.18.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $16.85 billion. During the same period in the prior year, the firm earned $1.45 EPS. The business's revenue for the quarter was up 11.2% on a year-over-year basis. 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 year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.