Triasima Portfolio Management inc. Invests $248,000 in Performance Food Group Company $PFGC

Key Points

• Triasima Portfolio Management inc. has invested $248,000 in Performance Food Group Company, acquiring 2,833 shares during the second quarter, as per their Form 13F filing.
• Performance Food Group's recent quarterly earnings beat analysts' expectations with a reported EPS of $1.55 and revenues of $16.94 billion, reflecting an 11.2% year-over-year increase.
• Analysts have raised their price targets for Performance Food Group, with Wells Fargo increasing its target to $115.00 and Piper Sandler giving an overweight rating along with a target of $114.00.

Triasima Portfolio Management inc. bought a new position in Performance Food Group Company (NYSE:PFGC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,833 shares of the food distribution company's stock, valued at approximately $248,000.

A number of other hedge funds have also modified their holdings of the stock. RMG Wealth Management LLC acquired a new position in shares of Performance Food Group in the 2nd quarter worth approximately $175,000. Valeo Financial Advisors LLC raised its holdings in shares of Performance Food Group by 7.7% in the 2nd quarter. Valeo Financial Advisors LLC now owns 3,510 shares of the food distribution company's stock worth $307,000 after buying an additional 250 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in shares of Performance Food Group by 8.1% in the 2nd quarter. DAVENPORT & Co LLC now owns 5,671 shares of the food distribution company's stock worth $496,000 after buying an additional 425 shares in the last quarter. QRG Capital Management Inc. raised its holdings in shares of Performance Food Group by 8.5% in the 2nd quarter. QRG Capital Management Inc. now owns 5,053 shares of the food distribution company's stock worth $442,000 after buying an additional 397 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of Performance Food Group by 2.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 536,626 shares of the food distribution company's stock worth $46,939,000 after buying an additional 12,480 shares in the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Stock Down 0.5%

Shares of PFGC opened at $100.38 on Thursday. The firm has a market capitalization of $15.71 billion, a price-to-earnings ratio of 46.26, a PEG ratio of 1.14 and a beta of 1.09. 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 business's fifty day moving average price is $102.23 and its two-hundred day moving average price is $91.26. Performance Food Group Company has a 52 week low of $68.39 and a 52 week high of $109.05.

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

Analysts Set New Price Targets

A number of research firms recently commented on PFGC. Wells Fargo & Company increased their price target on Performance Food Group from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 13th. Piper Sandler upgraded Performance Food Group from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $90.00 to $114.00 in a research report on Tuesday, September 2nd. Guggenheim restated a "buy" rating and set a $115.00 price target on shares of Performance Food Group in a research report on Tuesday, August 26th. Morgan Stanley increased their price target on Performance Food Group from $93.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Monday, July 14th. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Performance Food Group in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.00.

Insider Transactions at Performance Food Group

In other Performance Food Group news, insider Hugh Patrick Hatcher sold 5,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $105.07, for a total value of $525,350.00. Following the transaction, the insider directly owned 47,655 shares in the company, valued at approximately $5,007,110.85. This trade represents a 9.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Donald S. Bulmer sold 4,348 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total value of $437,060.96. Following the completion of the transaction, the insider owned 58,526 shares in the company, valued at $5,883,033.52. The trade was a 6.92% 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 90 days. 2.80% of the stock is currently owned by corporate 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.

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