Magnetar Financial LLC Takes $4.79 Million Position in Performance Food Group Company $PFGC

Key Points

• Magnetar Financial LLC invested approximately $4.79 million in Performance Food Group Company by acquiring 60,919 shares during the first quarter, according to a recent SEC filing.
• Performance Food Group reported strong quarterly earnings, with $1.55 EPS exceeding estimates, and revenue of $16.94 billion, a growth of 11.2% compared to the same quarter last year.
• Analysts have given Performance Food Group an average rating of "Moderate Buy", with price targets ranging from $115.00 to $121.00, reflecting positive sentiment about the company's outlook.

Magnetar Financial LLC acquired a new position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 60,919 shares of the food distribution company's stock, valued at approximately $4,790,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Tema Etfs LLC bought a new position in Performance Food Group in the first quarter valued at about $1,314,000. Earnest Partners LLC raised its position in Performance Food Group by 4.9% in the first quarter. Earnest Partners LLC now owns 802,540 shares of the food distribution company's stock valued at $63,104,000 after purchasing an additional 37,431 shares during the last quarter. Penn Capital Management Company LLC raised its position in Performance Food Group by 222.6% in the first quarter. Penn Capital Management Company LLC now owns 13,249 shares of the food distribution company's stock valued at $1,057,000 after purchasing an additional 9,142 shares during the last quarter. SVB Wealth LLC bought a new position in Performance Food Group in the first quarter valued at about $59,000. Finally, CW Advisors LLC bought a new position in Performance Food Group in the first quarter valued at about $590,000. 96.87% of the stock is currently owned by institutional investors.

Insider Transactions at Performance Food Group

In other news, insider Donald S. Bulmer sold 4,348 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 value of $437,060.96. Following the transaction, the insider owned 58,526 shares in the company, valued at $5,883,033.52. This trade represents a 6.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed 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 shares were sold at an average price of $100.52, for a total value of $433,844.32. Following the completion of the transaction, the insider owned 55,373 shares in the company, valued at $5,566,093.96. This represents a 7.23% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,968 shares of company stock worth $5,944,596 in the last three months. Insiders own 2.80% of the company's stock.

Performance Food Group Trading Up 1.4%

NYSE PFGC traded up $1.46 during trading hours on Thursday, hitting $105.20. 209,239 shares of the company's stock were exchanged, compared to its average volume of 1,348,419. The stock has a 50-day simple moving average of $97.23 and a 200 day simple moving average of $87.14. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $105.45. The firm has a market cap of $16.47 billion, a price-to-earnings ratio of 48.53, a PEG 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.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.10. The business had revenue of $16.94 billion for the quarter, compared to analyst estimates of $16.85 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The company's quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.45 earnings per share. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, equities analysts forecast that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wall Street Zen downgraded Performance Food Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 6th. UBS Group increased their price target on Performance Food Group from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Guggenheim reissued a "buy" rating and issued a $115.00 price target on shares of Performance Food Group in a research note on Tuesday, August 26th. Barclays increased their price target on Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" rating in a research note on Thursday, August 14th. Finally, Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the company an "overweight" rating in a research note on Thursday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $109.67.

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.