Bain Capital Public Equity Management II LLC boosted its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 13.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,084,157 shares of the food distribution company's stock after purchasing an additional 253,600 shares during the period. Performance Food Group comprises about 8.0% of Bain Capital Public Equity Management II LLC's investment portfolio, making the stock its 2nd biggest position. Bain Capital Public Equity Management II LLC owned 1.33% of Performance Food Group worth $176,215,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC grew its holdings 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 acquiring an additional 121 shares during the last quarter. Stifel Financial Corp raised 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 worth $248,000 after acquiring an additional 130 shares during the last quarter. Highland Capital Management LLC lifted 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 purchasing an additional 183 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock valued at $42,000 after purchasing an additional 212 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in shares of 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 purchasing an additional 213 shares in the last quarter. 96.87% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
PFGC has been the topic of several research reports. Morgan Stanley upped their price objective on Performance Food Group from $94.00 to $96.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 21st. Piper Sandler lowered Performance Food Group from an "overweight" rating to a "neutral" rating and cut their price target for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Barclays lowered their price objective 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. 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 research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $95.09.
View Our Latest Analysis on Performance Food Group
Performance Food Group Trading Up 2.5 %
NYSE:PFGC traded up $1.99 during trading hours on Wednesday, hitting $83.07. The stock had a trading volume of 2,738,686 shares, compared to its average volume of 1,114,072. The business's 50 day moving average is $77.83 and its 200-day moving average is $83.16. 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 company has a market cap of $12.98 billion, a price-to-earnings ratio of 33.50, a P/E/G ratio of 0.96 and a beta of 1.13. Performance Food Group has a one year low of $61.60 and a one year high of $92.44.
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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The business had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $15.41 billion. During the same quarter last year, the company earned $0.80 earnings per share. The firm's revenue was up 10.5% compared to the same quarter last year. Sell-side analysts anticipate that Performance Food Group will post 4.58 EPS for the current fiscal year.
About Performance Food Group
(
Free Report)
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.
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