Masterton Capital Management LP Buys 31,500 Shares of Performance Food Group (NYSE:PFGC)

Masterton Capital Management LP grew its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 58.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 85,586 shares of the food distribution company's stock after buying an additional 31,500 shares during the period. Performance Food Group accounts for about 4.1% of Masterton Capital Management LP's investment portfolio, making the stock its 11th biggest holding. Masterton Capital Management LP owned 0.05% of Performance Food Group worth $7,236,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Millstone Evans Group LLC acquired a new position in Performance Food Group during the 4th quarter worth $26,000. Central Pacific Bank Trust Division bought a new stake in shares of Performance Food Group during the fourth quarter valued at about $42,000. Blue Trust Inc. lifted its holdings in 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 purchasing an additional 212 shares during the period. V Square Quantitative Management LLC increased its stake in Performance Food Group by 51.4% during the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock valued at $60,000 after buying an additional 239 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Performance Food Group by 69.1% during the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company's stock worth $65,000 after buying an additional 313 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on PFGC shares. StockNews.com lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a research note on Tuesday, January 14th. Barclays dropped their price objective on Performance Food Group from $102.00 to $95.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Piper Sandler lowered shares of 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 research report on Friday, February 7th. Finally, Morgan Stanley increased their price objective on Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $95.09.

Performance Food Group Stock Up 1.8 %

PFGC traded up $1.46 on Friday, reaching $82.66. 785,656 shares of the company traded hands, compared to its average volume of 1,107,544. Performance Food Group has a 52-week low of $61.60 and a 52-week high of $92.44. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. The company has a market cap of $12.91 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 0.96 and a beta of 1.16. The stock's 50 day moving average price is $77.87 and its 200-day moving average price is $83.18.

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