Ground Swell Capital LLC Purchases Shares of 7,799 Performance Food Group (NYSE:PFGC)

Ground Swell Capital LLC acquired a new position in shares of Performance Food Group (NYSE:PFGC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,799 shares of the food distribution company's stock, valued at approximately $659,000. Performance Food Group makes up about 1.0% of Ground Swell Capital LLC's investment portfolio, making the stock its 16th biggest position.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Performance Food Group by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock valued at $298,794,000 after acquiring an additional 401,235 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Performance Food Group by 134.7% during the fourth quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company's stock worth $54,665,000 after purchasing an additional 371,078 shares during the period. Jennison Associates LLC lifted its holdings in Performance Food Group by 8.1% in the 4th quarter. Jennison Associates LLC now owns 1,667,691 shares of the food distribution company's stock worth $141,003,000 after buying an additional 125,532 shares during the period. Inspire Investing LLC bought a new stake in shares of Performance Food Group in the 4th quarter worth approximately $814,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of Performance Food Group during the fourth quarter valued at approximately $2,087,000. 96.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PFGC. Morgan Stanley lifted their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. Truist Financial cut their target price on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a research note on Thursday. Barclays increased their price target on shares of Performance Food Group from $95.00 to $100.00 and gave the stock an "overweight" rating in a research note on Thursday. StockNews.com downgraded Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $95.55.

Performance Food Group Stock Down 1.2 %

Shares of NYSE:PFGC opened at $84.42 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The stock has a fifty day simple moving average of $77.90 and a two-hundred day simple moving average of $83.19. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The stock has a market capitalization of $13.19 billion, a price-to-earnings ratio of 34.04, a PEG ratio of 0.96 and a beta of 1.13.

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 company had revenue of $15.31 billion during the quarter, compared to analysts' expectations of $15.41 billion. Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. Performance Food Group's revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. On average, research analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current fiscal 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.

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