Penn Capital Management Company LLC Sells 15,462 Shares of Performance Food Group (NYSE:PFGC)

Penn Capital Management Company LLC reduced its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 79.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,107 shares of the food distribution company's stock after selling 15,462 shares during the period. Penn Capital Management Company LLC's holdings in Performance Food Group were worth $347,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. World Investment Advisors LLC bought a new stake in Performance Food Group during the third quarter worth about $2,185,000. Wilmington Savings Fund Society FSB bought a new stake in Performance Food Group during the 3rd quarter worth approximately $154,000. Franklin Resources Inc. increased its holdings in Performance Food Group by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 224,467 shares of the food distribution company's stock valued at $18,305,000 after purchasing an additional 2,417 shares in the last quarter. JPMorgan Chase & Co. raised its position in Performance Food Group by 11.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock valued at $298,794,000 after purchasing an additional 401,235 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Performance Food Group by 46.1% in the fourth quarter. GAMMA Investing LLC now owns 1,690 shares of the food distribution company's stock worth $143,000 after purchasing an additional 533 shares in the last quarter. Institutional investors own 96.87% of the company's stock.

Performance Food Group Stock Down 1.0 %

NYSE:PFGC traded down $0.84 during trading hours on Wednesday, reaching $79.59. 210,157 shares of the stock were exchanged, compared to its average volume of 1,114,908. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The stock has a market cap of $12.43 billion, a PE ratio of 32.09, a PEG ratio of 0.96 and a beta of 1.16. The firm has a 50 day moving average of $77.92 and a 200 day moving average of $83.20.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, equities analysts expect that Performance Food Group will post 4.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PFGC. Morgan Stanley increased 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 research note on Tuesday, January 21st. Barclays dropped their target price on Performance Food Group from $102.00 to $95.00 and set an "overweight" rating for the company in a research report on Tuesday, April 22nd. Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $92.00 to $90.00 in a report on Friday, February 7th. Finally, StockNews.com downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $95.09.

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.