Oak Thistle LLC Purchases 26,838 Shares of Performance Food Group Company $PFGC

Key Points

• Oak Thistle LLC increased its stake in Performance Food Group by 333.7%, buying 26,838 shares to hold 34,880 shares worth $3.136 million, making PFGC roughly 0.4% of its portfolio and its 28th-largest position.
• Performance Food Group missed quarterly expectations with EPS of $0.98 versus $1.07 and revenue of $16.44 billion (up 5.2% YoY), while analysts hold a consensus "Moderate Buy" rating and an average price target of $116.44.
• Institutional ownership is high at 96.87%, insiders own 4.5%, and insider Chasity D. Grosh recently sold 1,843 shares for about $169,611, cutting her stake by 21.83%.

Oak Thistle LLC raised its stake in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 333.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 34,880 shares of the food distribution company's stock after purchasing an additional 26,838 shares during the period. Performance Food Group accounts for approximately 0.4% of Oak Thistle LLC's investment portfolio, making the stock its 28th biggest position. Oak Thistle LLC's holdings in Performance Food Group were worth $3,136,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the stock. Root Financial Partners LLC bought a new position in shares of Performance Food Group in the 3rd quarter worth about $39,000. Eastern Bank bought a new stake in Performance Food Group in the 3rd quarter valued at about $47,000. Mather Group LLC. bought a new stake in Performance Food Group in the 3rd quarter valued at about $55,000. EverSource Wealth Advisors LLC increased its position in Performance Food Group by 440.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company's stock valued at $58,000 after buying an additional 537 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its position in Performance Food Group by 55.4% in the 3rd quarter. Parkside Financial Bank & Trust now owns 564 shares of the food distribution company's stock valued at $59,000 after buying an additional 201 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Performance Food Group Trading Down 2.3%

NYSE:PFGC opened at $84.02 on Wednesday. The company has a current ratio of 1.60, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $13.18 billion, a PE ratio of 38.19, a price-to-earnings-growth ratio of 1.18 and a beta of 0.94. The firm's 50 day moving average is $90.52 and its 200 day moving average is $94.23. Performance Food Group Company has a 12 month low of $70.42 and a 12 month high of $109.05.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings results on Wednesday, February 4th. The food distribution company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.07 by ($0.09). Performance Food Group had a return on equity of 15.64% and a net margin of 0.52%.The company had revenue of $16.44 billion during the quarter, compared to the consensus estimate of $16.54 billion. During the same period last year, the firm posted $0.98 EPS. The company's revenue for the quarter was up 5.2% compared to the same quarter last year. Sell-side analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

PFGC has been the subject of a number of research analyst reports. Barclays decreased their target price on Performance Food Group from $120.00 to $105.00 and set an "overweight" rating for the company in a research report on Wednesday, January 7th. Piper Sandler decreased their target price on Performance Food Group from $116.00 to $111.00 and set an "overweight" rating for the company in a research report on Friday, December 12th. Zacks Research lowered Performance Food Group from a "hold" rating to a "strong sell" rating in a research report on Friday, February 6th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Performance Food Group in a research report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Performance Food Group in a research report on Friday, March 27th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $116.44.

Insider Buying and Selling at Performance Food Group

In other news, insider Chasity D. Grosh sold 1,843 shares of the company's stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $92.03, for a total value of $169,611.29. Following the transaction, the insider owned 6,601 shares of the company's stock, valued at approximately $607,490.03. This represents a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 4.50% of the company's stock.

Performance Food Group Profile

Performance Food Group Company NYSE: PFGC is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.

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