48,000 Shares in Performance Food Group (NYSE:PFGC) Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC purchased a new stake in shares of Performance Food Group (NYSE:PFGC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 48,000 shares of the food distribution company's stock, valued at approximately $4,058,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Millstone Evans Group LLC bought a new position in shares of Performance Food Group during the 4th quarter valued at $26,000. Blue Trust Inc. raised its holdings in Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after acquiring an additional 212 shares during the period. V Square Quantitative Management LLC raised its holdings in 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 acquiring an additional 239 shares during the period. UMB Bank n.a. raised its holdings in Performance Food Group by 69.1% in the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock worth $65,000 after acquiring an additional 313 shares during the period. Finally, J.Safra Asset Management Corp raised its holdings in Performance Food Group by 40.8% in the 4th quarter. J.Safra Asset Management Corp now owns 780 shares of the food distribution company's stock worth $66,000 after acquiring an additional 226 shares during the period. Institutional investors own 96.87% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on PFGC. Piper Sandler downgraded shares of Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Barclays lifted their target price on shares of Performance Food Group from $95.00 to $100.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. Truist Financial dropped 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 report on Thursday, May 8th. Finally, Morgan Stanley lifted their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.55.

Insider Activity

In other news, insider Craig Howard Hoskins sold 19,113 shares of Performance Food Group 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 sale, the insider now directly owns 152,293 shares in the company, valued at approximately $13,333,252.15. The trade was a 11.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.80% of the stock is owned by company insiders.

Performance Food Group Stock Performance

Shares of NYSE:PFGC traded down $0.12 on Friday, hitting $88.01. 1,406,246 shares of the company were exchanged, compared to its average volume of 1,109,293. The company's 50 day moving average price is $78.89 and its two-hundred day moving average price is $83.42. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The firm has a market capitalization of $13.74 billion, a price-to-earnings ratio of 35.49, a PEG ratio of 0.96 and a beta of 1.13.

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