Boston Partners Buys 30,578 Shares of Performance Food Group Company $PFGC

Key Points

• Boston Partners increased its stake in Performance Food Group by 39.0% during the first quarter, owning 108,933 shares worth approximately $8.57 million.
• Analysts are optimistic about Performance Food Group's stock, with several price target increases, including a target of $120.00 from UBS Group.
• Performance Food Group reported an EPS of $1.55, exceeding expectations of $1.45, along with a revenue growth of 11.2% year-over-year.

Boston Partners boosted its stake in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 39.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 108,933 shares of the food distribution company's stock after buying an additional 30,578 shares during the quarter. Boston Partners owned approximately 0.07% of Performance Food Group worth $8,565,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PFGC. CENTRAL TRUST Co boosted its position in Performance Food Group by 476.5% during 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 during the period. Farther Finance Advisors LLC boosted its position in Performance Food Group by 203.7% during the first quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after purchasing an additional 334 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Performance Food Group during the first quarter worth about $44,000. Signaturefd LLC boosted its position in Performance Food Group by 60.9% during the first quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock worth $65,000 after purchasing an additional 314 shares during the period. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Performance Food Group by 353.5% in the first quarter. Golden State Wealth Management LLC now owns 907 shares of the food distribution company's stock worth $71,000 after buying an additional 707 shares in the last quarter. Institutional investors own 96.87% of the company's stock.

Performance Food Group Price Performance

PFGC traded down $2.0290 on Thursday, reaching $99.0610. The company had a trading volume of 227,072 shares, compared to its average volume of 1,344,089. Performance Food Group Company has a 52-week low of $68.39 and a 52-week high of $103.50. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.72 and a current ratio of 1.58. The business has a 50 day simple moving average of $94.11 and a 200 day simple moving average of $86.13. The company has a market cap of $15.50 billion, a price-to-earnings ratio of 45.73, a P/E/G ratio of 1.12 and a beta of 1.20.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $16.85 billion. During the same period last year, the business earned $1.45 earnings per share. The business's quarterly revenue 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. As a group, sell-side analysts anticipate that Performance Food Group Company will post 4.58 EPS for the current year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Erika T. Davis sold 8,200 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $89.72, for a total transaction of $735,704.00. Following the transaction, the insider directly owned 46,722 shares in the company, valued at $4,191,897.84. This trade represents a 14.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider A Brent King sold 12,866 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $90.02, for a total transaction of $1,158,197.32. Following the transaction, the insider owned 60,952 shares in the company, valued at $5,486,899.04. The trade was a 17.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 53,731 shares of company stock valued at $4,960,387 over the last ninety days. Insiders own 2.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PFGC shares. Citigroup started coverage on shares of Performance Food Group in a report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price target on the stock. Sanford C. Bernstein set a $112.00 price target on shares of Performance Food Group and gave the stock an "overweight" rating in a report on Thursday, May 29th. Wells Fargo & Company increased their price target on shares of Performance Food Group from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Truist Financial increased their price target on shares of Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Finally, Morgan Stanley increased their price target on shares of Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Performance Food Group currently has a consensus rating of "Moderate Buy" and an average target price of $106.00.

About Performance Food Group

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.