Performance Food Group Company $PFGC Shares Sold by Sunriver Management LLC

Key Points

• Sunriver Management LLC sold 183,976 shares of Performance Food Group Company, reducing its ownership by 20.2%, and now holds approximately 727,716 shares valued at $57.2 million.
• Performance Food Group reported a 12-month revenue increase of 11.2% year-over-year, with Q1 earnings per share reaching $1.55, surpassing estimates by $0.10.
• Analysts have issued a consensus rating of "Moderate Buy" for Performance Food Group, with a target price of $106, as multiple institutions adjust their positions in the stock.

Sunriver Management LLC reduced its stake in shares of Performance Food Group Company (NYSE:PFGC - Free Report) by 20.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 727,716 shares of the food distribution company's stock after selling 183,976 shares during the quarter. Performance Food Group accounts for approximately 7.1% of Sunriver Management LLC's portfolio, making the stock its 2nd largest holding. Sunriver Management LLC owned 0.47% of Performance Food Group worth $57,220,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Stifel Financial Corp lifted its stake in shares of 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 valued at $248,000 after buying an additional 130 shares during the period. CWM LLC lifted its stake 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 buying an additional 185 shares during the period. QRG Capital Management Inc. lifted its stake 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 buying an additional 208 shares during the period. Valeo Financial Advisors LLC lifted its stake 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 lifted its stake 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. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PFGC shares. Truist Financial upped their price objective on shares of Performance Food Group from $101.00 to $118.00 and gave the company a "buy" rating in a research note on Thursday, August 14th. Wall Street Zen downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Sunday, July 6th. Citigroup initiated coverage on shares of Performance Food Group in a research note on Thursday, May 22nd. They set a "buy" rating and a $121.00 price target on the stock. Morgan Stanley increased their price target on shares of Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a research note on Monday, July 14th. Finally, Barclays increased their price target on shares of Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. 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 data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $107.67.

Insider Transactions at Performance Food Group

In other news, insider Donald S. Bulmer sold 1,352 shares of the stock in a transaction on Monday, August 25th. The shares were sold at an average price of $101.66, for a total value of $137,444.32. Following the completion of the sale, the insider owned 55,102 shares of the company's stock, valued at $5,601,669.32. This represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider A Brent King sold 1,320 shares of the 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 completion of the sale, the insider directly owned 62,852 shares of the company's stock, valued at $6,389,534.32. The trade was a 2.06% decrease in their position. The disclosure for this sale can be found here. Insiders sold 64,419 shares of company stock valued at $6,170,538 over the last 90 days. Corporate insiders own 2.80% of the company's stock.

Performance Food Group Trading Up 0.5%

Shares of Performance Food Group stock traded up $0.55 during trading hours on Wednesday, hitting $101.52. The company's stock had a trading volume of 1,265,554 shares, compared to its average volume of 1,986,844. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $103.50. The business has a fifty day moving average of $95.58 and a 200 day moving average of $86.58. The company has a market capitalization of $15.89 billion, a PE ratio of 46.78, a P/E/G ratio of 1.14 and a beta of 1.20. The company has a quick ratio of 0.72, a current ratio of 1.58 and a debt-to-equity ratio of 1.51.

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

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.