Bridge City Capital LLC Has $6.77 Million Holdings in Performance Food Group (NYSE:PFGC)

Bridge City Capital LLC lowered its position in Performance Food Group (NYSE:PFGC - Free Report) by 8.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 86,045 shares of the food distribution company's stock after selling 8,397 shares during the quarter. Performance Food Group accounts for approximately 2.0% of Bridge City Capital LLC's investment portfolio, making the stock its 8th largest position. Bridge City Capital LLC owned approximately 0.06% of Performance Food Group worth $6,766,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Millstone Evans Group LLC acquired a new position in shares of Performance Food Group during the fourth quarter valued at about $26,000. Farther Finance Advisors LLC raised its stake in Performance Food Group by 203.7% during the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after buying an additional 334 shares during the period. Blue Trust Inc. boosted its holdings in Performance Food Group by 64.6% in the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after acquiring an additional 212 shares in the last quarter. V Square Quantitative Management LLC lifted its holdings in shares of Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock worth $60,000 after purchasing an additional 239 shares in the last quarter. Finally, J.Safra Asset Management Corp grew its holdings in shares of Performance Food Group by 40.8% during the fourth quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock valued at $66,000 after buying an additional 226 shares during the last quarter. Institutional investors own 96.87% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PFGC. UBS Group upped their target price on shares of Performance Food Group from $103.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Morgan Stanley lifted their target price on Performance Food Group from $92.00 to $93.00 and gave the company an "equal weight" rating in a research report on Thursday, May 29th. Barclays increased their target price on shares of Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. Citigroup began coverage on shares of Performance Food Group in a research report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price objective for the company. Finally, Truist Financial dropped their price target 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. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $100.08.

Performance Food Group Price Performance

PFGC stock traded up $0.83 during mid-day trading on Thursday, reaching $87.53. 638,747 shares of the company traded hands, compared to its average volume of 1,118,559. The company has a fifty day moving average price of $82.52 and a 200-day moving average price of $83.76. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The company has a market capitalization of $13.66 billion, a P/E ratio of 35.29, a P/E/G ratio of 0.96 and a beta of 1.18. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.07). The firm had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $15.41 billion. Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. As a group, analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider A Brent King sold 12,866 shares of the firm's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $90.02, for a total transaction of $1,158,197.32. Following the transaction, the insider now directly owns 60,952 shares in the company, valued at $5,486,899.04. This trade represents a 17.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Craig Howard Hoskins sold 19,113 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $87.55, for a total transaction of $1,673,343.15. Following the completion of the transaction, the insider now owns 152,293 shares in the company, valued at $13,333,252.15. The trade was a 11.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 67,972 shares of company stock valued at $5,964,073 over the last 90 days. Insiders own 2.80% of the company's stock.

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.