Bain Capital Public Equity LP Raises Stake in Performance Food Group (NYSE:PFGC)

Bain Capital Public Equity LP boosted its position in Performance Food Group (NYSE:PFGC - Free Report) by 18.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,899 shares of the food distribution company's stock after purchasing an additional 15,256 shares during the period. Performance Food Group accounts for about 5.4% of Bain Capital Public Equity LP's portfolio, making the stock its 4th biggest holding. Bain Capital Public Equity LP owned about 0.06% of Performance Food Group worth $8,277,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. HighPoint Advisor Group LLC raised its position in Performance Food Group by 2.7% during the 4th quarter. HighPoint Advisor Group LLC now owns 4,630 shares of the food distribution company's stock worth $389,000 after purchasing an additional 121 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Performance Food Group by 4.6% in the fourth quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock valued at $248,000 after buying an additional 130 shares during the period. Highland Capital Management LLC raised its position in shares of Performance Food Group by 6.7% during the fourth quarter. Highland Capital Management LLC now owns 2,915 shares of the food distribution company's stock worth $246,000 after acquiring an additional 183 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Performance Food Group by 64.6% in the fourth 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. Finally, M&T Bank Corp boosted its holdings in Performance Food Group by 1.1% in the fourth quarter. M&T Bank Corp now owns 18,891 shares of the food distribution company's stock valued at $1,597,000 after acquiring an additional 213 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PFGC shares. Morgan Stanley boosted their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 21st. StockNews.com downgraded shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Barclays cut their price target on shares of Performance Food Group from $102.00 to $95.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Piper Sandler downgraded Performance Food Group from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $95.09.

Performance Food Group Stock Up 2.5 %

Shares of NYSE PFGC traded up $1.99 during midday trading on Wednesday, hitting $83.07. 2,738,686 shares of the stock traded hands, compared to its average volume of 1,114,072. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The business has a 50 day moving average price of $77.83 and a two-hundred day moving average price of $83.16. The company has a market cap of $12.98 billion, a PE ratio of 33.50, a P/E/G ratio of 0.96 and a beta of 1.13.

Performance Food Group (NYSE:PFGC - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $15.41 billion. During the same quarter last year, the firm posted $0.80 EPS. The business's revenue for the quarter was up 10.5% compared to the same quarter last year. On average, equities analysts predict that Performance Food Group will post 4.58 EPS for the current year.

Performance Food Group Company 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.