Penn Capital Management Company LLC Has $1.06 Million Holdings in Performance Food Group Company $PFGC

Key Points

• Penn Capital Management Company LLC increased its stake in Performance Food Group by 222.6% in the first quarter, acquiring a total of 13,249 shares valued at approximately $1,057,000.
• Several institutional investors, including First Trust Advisors LP and Tower Research Capital LLC, also significantly increased their positions in Performance Food Group during the fourth quarter, indicating strong investor interest.
• The company's recent earnings report showed it surpassed analyst estimates with a net revenue of $16.94 billion and earnings per share of $1.55, reflecting an 11.2% year-over-year revenue growth.

Penn Capital Management Company LLC raised its position in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 222.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,249 shares of the food distribution company's stock after acquiring an additional 9,142 shares during the period. Penn Capital Management Company LLC's holdings in Performance Food Group were worth $1,057,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. SVB Wealth LLC bought a new stake in shares of Performance Food Group during the first quarter worth approximately $59,000. CW Advisors LLC bought a new stake in shares of Performance Food Group during the first quarter worth approximately $590,000. Hsbc Holdings PLC boosted its holdings 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 worth $222,000 after acquiring an additional 227 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Performance Food Group by 1.5% during the first quarter. Wellington Management Group LLP now owns 3,966,667 shares of the food distribution company's stock worth $311,899,000 after acquiring an additional 57,032 shares during the period. Finally, Brooklyn Investment Group boosted its holdings in shares of Performance Food Group by 2,676.9% during the first quarter. Brooklyn Investment Group now owns 1,805 shares of the food distribution company's stock worth $142,000 after acquiring an additional 1,740 shares during the period. Institutional investors own 96.87% of the company's stock.

Analyst Ratings Changes

PFGC has been the subject of a number of research analyst reports. Wall Street Zen cut Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Guggenheim reiterated a "buy" rating and issued a $115.00 price target on shares of Performance Food Group in a research note on Tuesday. Citigroup assumed coverage on Performance Food Group in a research note on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price target for the company. UBS Group boosted their price target on Performance Food Group from $110.00 to $120.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Finally, Wells Fargo & Company boosted their price target on Performance Food Group from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $107.67.

Performance Food Group Price Performance

NYSE PFGC traded down $0.38 on Thursday, hitting $101.01. 878,388 shares of the company's stock were exchanged, compared to its average volume of 1,354,797. The stock has a 50-day moving average of $95.58 and a 200-day moving average of $86.58. The company has a current ratio of 1.58, a quick ratio of 0.72 and a debt-to-equity ratio of 1.51. Performance Food Group Company has a 52 week low of $68.39 and a 52 week high of $103.50. The stock has a market cap of $15.81 billion, a price-to-earnings ratio of 46.55, a P/E/G ratio of 1.14 and a beta of 1.20.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $16.85 billion. During the same period in the prior year, the company earned $1.45 earnings per share. The company'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. Analysts expect that Performance Food Group Company will post 4.58 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Donald S. Bulmer sold 1,352 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $101.66, for a total transaction of $137,444.32. Following the completion of the transaction, the insider directly owned 55,102 shares in the company, valued at approximately $5,601,669.32. This represents a 2.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider A Brent King sold 1,320 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $101.66, for a total transaction of $134,191.20. Following the transaction, the insider owned 62,852 shares of the company's stock, valued at $6,389,534.32. This trade represents a 2.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 43,353 shares of company stock worth $4,276,636 over the last three months. Insiders own 2.80% of the company's stock.

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.