Performance Food Group Company (NYSE:PFGC) Shares Sold by Peregrine Capital Management LLC

Peregrine Capital Management LLC lessened its holdings in Performance Food Group Company (NYSE:PFGC - Free Report) by 16.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 141,371 shares of the food distribution company's stock after selling 27,518 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.09% of Performance Food Group worth $11,116,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. KBC Group NV lifted its position in shares of Performance Food Group by 8.8% during the 1st quarter. KBC Group NV now owns 6,544 shares of the food distribution company's stock worth $515,000 after buying an additional 527 shares during the last quarter. Highland Capital Management LLC grew its position in shares of Performance Food Group by 25.1% in the 1st quarter. Highland Capital Management LLC now owns 3,647 shares of the food distribution company's stock valued at $287,000 after buying an additional 732 shares during the last quarter. Golden State Wealth Management LLC raised its stake in Performance Food Group by 353.5% during the 1st quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock worth $71,000 after acquiring an additional 707 shares in the last quarter. Steph & Co. lifted its position in Performance Food Group by 6.7% in the first quarter. Steph & Co. now owns 4,451 shares of the food distribution company's stock valued at $350,000 after acquiring an additional 280 shares during the last quarter. Finally, Moran Wealth Management LLC lifted its position in Performance Food Group by 1.1% in the first quarter. Moran Wealth Management LLC now owns 94,656 shares of the food distribution company's stock valued at $7,443,000 after acquiring an additional 989 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Craig Howard Hoskins sold 19,113 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $87.55, for a total transaction of $1,673,343.15. Following the sale, the insider owned 152,293 shares in the company, valued at $13,333,252.15. This trade represents a 11.15% 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 link. Also, insider Erika T. Davis sold 8,200 shares of the company's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $89.72, for a total value of $735,704.00. Following the completion of the transaction, the insider owned 46,722 shares of the company's stock, valued at $4,191,897.84. The trade was a 14.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,972 shares of company stock worth $5,964,073. 2.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PFGC has been the topic of several research analyst reports. UBS Group lifted their price target on Performance Food Group from $103.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Citigroup started coverage on Performance Food Group in a report on Thursday, May 22nd. They set a "buy" rating and a $121.00 price target on the stock. Wall Street Zen raised Performance Food Group from a "hold" rating to a "buy" rating in a research note on Saturday. Sanford C. Bernstein set a $112.00 price objective on Performance Food Group and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Finally, Truist Financial dropped their target price on Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a report on Thursday, May 8th. Four investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $100.08.

Performance Food Group Price Performance

Performance Food Group stock traded down $0.17 during mid-day trading on Wednesday, hitting $88.18. 652,035 shares of the company were exchanged, compared to its average volume of 1,094,863. Performance Food Group Company has a 12-month low of $61.60 and a 12-month high of $92.44. The company has a market capitalization of $13.76 billion, a P/E ratio of 36.74, a PEG ratio of 1.24 and a beta of 1.15. The business's 50 day simple moving average is $85.82 and its two-hundred day simple moving average is $83.54. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.61 and a quick ratio of 0.73.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The food distribution company reported $0.79 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). The company had revenue of $15.31 billion for the quarter, compared to analysts' expectations of $15.41 billion. Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. The company's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.80 EPS. Analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current fiscal 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.