Performance Food Group (NYSE:PFGC) is Perry Creek Capital LP's 2nd Largest Position

Perry Creek Capital LP reduced its position in shares of Performance Food Group (NYSE:PFGC - Free Report) by 25.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 505,335 shares of the food distribution company's stock after selling 173,403 shares during the quarter. Performance Food Group comprises approximately 22.2% of Perry Creek Capital LP's holdings, making the stock its 2nd largest holding. Perry Creek Capital LP owned 0.32% of Performance Food Group worth $42,726,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research analysts recently issued reports on PFGC shares. Morgan Stanley upped their target price 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. Barclays lowered their target price on shares of Performance Food Group from $102.00 to $95.00 and set an "overweight" rating for the company 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 cut their price target for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Finally, StockNews.com lowered shares of Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $95.09.

Performance Food Group Stock Performance

Shares of PFGC traded down $0.49 during trading hours on Monday, hitting $78.93. The stock had a trading volume of 296,161 shares, compared to its average volume of 1,117,423. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. 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 firm has a 50-day moving average price of $78.15 and a 200 day moving average price of $83.23. The firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 0.96 and a beta of 1.16.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 EPS for the quarter, missing analysts' consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, research analysts anticipate that Performance Food Group will post 4.58 EPS for the current year.

Performance Food Group 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.