Armistice Capital LLC Increases Holdings in Performance Food Group Company $PFGC

Key Points

• Armistice Capital LLC increased its investment in Performance Food Group by 1.7%, now holding approximately 325,691 shares valued at $25.6 million.
• Performance Food Group reported $1.55 earnings per share in its latest quarter, exceeding analysts' expectations and showing an 11.2% revenue growth year-over-year.
• Multiple analysts have raised their price targets for the stock, with UBS and Barclays both setting targets of $120, indicating strong market confidence.

Armistice Capital LLC increased its holdings in Performance Food Group Company (NYSE:PFGC - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 325,691 shares of the food distribution company's stock after acquiring an additional 5,547 shares during the period. Armistice Capital LLC owned about 0.21% of Performance Food Group worth $25,609,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Stifel Financial Corp lifted its stake in Performance Food Group by 4.6% during the fourth quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock worth $248,000 after purchasing an additional 130 shares during the last quarter. CWM LLC raised its position in Performance Food Group by 8.6% during the 1st 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 position in Performance Food Group by 4.7% during the 1st 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 increased its position 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 buying an additional 209 shares during the period. Finally, Hsbc Holdings PLC increased its position in shares of Performance Food Group by 8.7% during the first quarter. Hsbc Holdings PLC now owns 2,837 shares of the food distribution company's stock valued at $222,000 after buying an additional 227 shares during the period. Hedge funds and other institutional investors own 96.87% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PFGC. Morgan Stanley boosted their price target 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. Guggenheim reissued a "buy" rating and issued a $115.00 target price on shares of Performance Food Group in a research report on Tuesday, August 26th. Truist Financial upped their price target on Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Wall Street Zen downgraded Performance Food Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 6th. Finally, Citigroup assumed coverage on shares of Performance Food Group in a research note on Thursday, May 22nd. They issued a "buy" rating and a $121.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $109.67.

Performance Food Group Stock Performance

Shares of PFGC stock traded down $0.34 on Friday, reaching $104.91. The stock had a trading volume of 423,949 shares, compared to its average volume of 1,350,136. The stock has a market cap of $16.42 billion, a P/E ratio of 48.32, a price-to-earnings-growth ratio of 1.17 and a beta of 1.10. Performance Food Group Company has a 1 year low of $68.39 and a 1 year high of $105.80. 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 company has a 50 day simple moving average of $97.61 and a 200 day simple moving average of $87.27.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.45 by $0.10. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The firm had revenue of $16.94 billion for the quarter, compared to the consensus estimate of $16.85 billion. During the same period last year, the business posted $1.45 EPS. The company's revenue for the quarter 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. Equities research analysts expect that Performance Food Group Company will post 4.58 EPS for the current year.

Insider Buying and Selling

In related news, insider Erika T. Davis sold 4,316 shares of Performance Food Group stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $100.52, for a total transaction of $433,844.32. Following the transaction, the insider directly owned 55,373 shares in the company, valued at approximately $5,566,093.96. The trade was a 7.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Hugh Patrick Hatcher sold 5,000 shares of Performance Food Group stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total value of $525,350.00. Following the transaction, the insider owned 47,655 shares in the company, valued at $5,007,110.85. This trade represents a 9.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,968 shares of company stock valued at $5,944,596 over the last three months. 2.80% of the stock is currently owned by company insiders.

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.