Savoir Faire Capital Management L.P. Purchases Shares of 36,420 Performance Food Group Company (NYSE:PFGC)

Savoir Faire Capital Management L.P. bought a new stake in Performance Food Group Company (NYSE:PFGC - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 36,420 shares of the food distribution company's stock, valued at approximately $2,864,000. Performance Food Group accounts for 2.5% of Savoir Faire Capital Management L.P.'s investment portfolio, making the stock its 15th biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of PFGC. Millstone Evans Group LLC acquired a new stake in Performance Food Group during the 4th quarter worth approximately $26,000. CENTRAL TRUST Co raised its stake in shares of Performance Food Group by 476.5% during the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after buying an additional 405 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of 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 in the last quarter. Signaturefd LLC raised its stake in shares of Performance Food Group by 60.9% during the 1st quarter. Signaturefd LLC now owns 830 shares of the food distribution company's stock worth $65,000 after buying an additional 314 shares in the last quarter. Finally, Golden State Wealth Management LLC raised its stake in shares of Performance Food Group by 353.5% during the 1st 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. Hedge funds and other institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Performance

Shares of PFGC traded down $0.47 during trading hours on Friday, reaching $98.66. 1,273,037 shares of the company traded hands, compared to its average volume of 1,142,150. The stock's fifty day moving average is $88.65 and its 200 day moving average is $84.22. The stock has a market cap of $15.40 billion, a P/E ratio of 41.11, a price-to-earnings-growth ratio of 1.39 and a beta of 1.15. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.73 and a current ratio of 1.61. Performance Food Group Company has a 1-year low of $63.24 and a 1-year high of $100.46.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). The business had revenue of $15.31 billion during the quarter, compared to analyst estimates of $15.41 billion. Performance Food Group had a return on equity of 16.17% and a net margin of 0.61%. The business's revenue for the quarter was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.80 EPS. Equities research analysts anticipate that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on PFGC. Truist Financial dropped their price objective on Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Barclays lifted their target price on Performance Food Group from $100.00 to $112.00 and gave the company an "overweight" rating in a report on Thursday, May 29th. UBS Group raised their price objective on Performance Food Group from $103.00 to $110.00 and gave the company a "buy" rating in a research report on Thursday, May 29th. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the stock an "overweight" rating in a research note on Thursday, May 29th. Finally, Wall Street Zen lowered Performance Food Group from a "buy" rating to a "hold" rating in a report on Sunday, July 6th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Performance Food Group currently has an average rating of "Moderate Buy" and an average target price of $100.31.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider A Brent King sold 6,335 shares of the firm's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $100.00, for a total value of $633,500.00. Following the transaction, the insider directly owned 61,083 shares of the company's stock, valued at approximately $6,108,300. This trade represents a 9.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Craig Howard Hoskins sold 14,285 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $83.70, for a total transaction of $1,195,654.50. Following the completion of the transaction, the insider directly owned 138,008 shares in the company, valued at approximately $11,551,269.60. The trade was a 9.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 84,172 shares of company stock valued at $7,534,748 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.