Peregrine Capital Management LLC Cuts Stock Position in Performance Food Group (NYSE:PFGC)

Peregrine Capital Management LLC cut its position in Performance Food Group (NYSE:PFGC - Free Report) by 14.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 198,321 shares of the food distribution company's stock after selling 34,104 shares during the quarter. Peregrine Capital Management LLC owned 0.13% of Performance Food Group worth $13,714,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Yorktown Management & Research Co Inc raised its position in shares of Performance Food Group by 30.9% in the 4th quarter. Yorktown Management & Research Co Inc now owns 5,630 shares of the food distribution company's stock valued at $389,000 after buying an additional 1,330 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Performance Food Group by 6,612.2% in the 4th quarter. International Assets Investment Management LLC now owns 116,725 shares of the food distribution company's stock valued at $8,072,000 after buying an additional 114,986 shares in the last quarter. Nisa Investment Advisors LLC raised its position in shares of Performance Food Group by 707.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 12,810 shares of the food distribution company's stock valued at $886,000 after buying an additional 11,223 shares in the last quarter. Arlington Trust Co LLC acquired a new position in shares of Performance Food Group in the 4th quarter valued at approximately $137,000. Finally, DAVENPORT & Co LLC raised its position in shares of Performance Food Group by 3.0% in the 4th quarter. DAVENPORT & Co LLC now owns 8,230 shares of the food distribution company's stock valued at $569,000 after buying an additional 240 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Trading Up 0.8 %

Shares of NYSE:PFGC traded up $0.54 during trading on Tuesday, reaching $71.51. The stock had a trading volume of 799,276 shares, compared to its average volume of 896,664. The firm's fifty day moving average is $74.65 and its 200 day moving average is $67.40. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.75 and a current ratio of 1.71. Performance Food Group has a 52 week low of $52.92 and a 52 week high of $78.54. The stock has a market cap of $11.13 billion, a price-to-earnings ratio of 25.80, a P/E/G ratio of 1.00 and a beta of 1.38.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings data on Wednesday, February 7th. The food distribution company reported $0.90 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.02). Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. The firm had revenue of $14.30 billion during the quarter, compared to the consensus estimate of $14.20 billion. During the same period in the prior year, the company posted $0.83 earnings per share. The company's revenue for the quarter was up 2.9% compared to the same quarter last year. As a group, equities analysts forecast that Performance Food Group will post 4.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on PFGC. Stephens upped their price objective on shares of Performance Food Group from $75.00 to $85.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. StockNews.com upgraded shares of Performance Food Group from a "hold" rating to a "buy" rating in a research report on Thursday, February 8th. BMO Capital Markets upped their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an "outperform" rating in a research report on Thursday, February 8th. Finally, Barclays upped their price objective on shares of Performance Food Group from $78.00 to $86.00 and gave the stock an "overweight" rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $79.75.

About Performance Food Group

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.