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

Several other large investors have also bought and sold shares of the company. Stifel Financial Corp raised its holdings in Performance Food Group by 4.6% in the fourth quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock worth $248,000 after buying an additional 130 shares during the last quarter. CWM LLC raised its holdings in shares of Performance Food Group by 8.6% during the first quarter. CWM LLC now owns 2,332 shares of the food distribution company's stock valued at $183,000 after purchasing an additional 185 shares during the last quarter. QRG Capital Management Inc. raised its holdings in shares of Performance Food Group by 4.7% during the first quarter. QRG Capital Management Inc. now owns 4,656 shares of the food distribution company's stock valued at $366,000 after purchasing an additional 208 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings in shares of Performance Food Group by 6.9% during the first quarter. Valeo Financial Advisors LLC now owns 3,260 shares of the food distribution company's stock valued at $256,000 after purchasing an additional 209 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of Performance Food Group by 26.1% during the first quarter. Fifth Third Bancorp now owns 1,144 shares of the food distribution company's stock valued at $90,000 after purchasing an additional 237 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Performance Food Group news, insider A Brent King sold 12,866 shares of the stock in a transaction 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 completion of the transaction, the insider owned 60,952 shares in the company, valued at $5,486,899.04. This trade represents a 17.43% 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 Donald S. Bulmer sold 2,404 shares of the stock in a transaction on Friday, May 30th. The shares were sold at an average price of $90.00, for a total transaction of $216,360.00. Following the transaction, the insider owned 51,350 shares of the company's stock, valued at $4,621,500. This trade represents a 4.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 65,059 shares of company stock valued at $5,861,405 in the last quarter. Company insiders own 2.80% of the company's stock.

Performance Food Group Price Performance

Shares of PFGC traded up $1.2490 during mid-day trading on Wednesday, reaching $100.5690. The stock had a trading volume of 507,035 shares, compared to its average volume of 1,344,558. The firm has a market cap of $15.74 billion, a price-to-earnings ratio of 46.30, a PEG ratio of 1.12 and a beta of 1.20. Performance Food Group Company has a 12 month low of $68.39 and a 12 month high of $103.50. The business has a fifty day moving average of $93.82 and a 200 day moving average of $86.02. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.72 and a current ratio of 1.58.

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

Analyst Upgrades and Downgrades

PFGC has been the subject of several research reports. Sanford C. Bernstein set a $112.00 price objective on shares of Performance Food Group and gave the company an "overweight" rating in a report on Thursday, May 29th. Wells Fargo & Company boosted their price objective on shares of Performance Food Group from $100.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, August 13th. Citigroup assumed coverage on shares of Performance Food Group in a research report on Thursday, May 22nd. They set a "buy" rating and a $121.00 target price for the company. Morgan Stanley boosted their target price on shares of Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Finally, Barclays boosted their target price on shares of Performance Food Group from $112.00 to $120.00 and gave the company an "overweight" rating in a research report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $106.00.

Performance Food Group Company 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.