Sunriver Management LLC Has $77.08 Million Holdings in Performance Food Group (NYSE:PFGC)

Sunriver Management LLC reduced its stake in Performance Food Group (NYSE:PFGC - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 911,692 shares of the food distribution company's stock after selling 20,193 shares during the period. Performance Food Group accounts for approximately 9.2% of Sunriver Management LLC's investment portfolio, making the stock its biggest position. Sunriver Management LLC owned approximately 0.58% of Performance Food Group worth $77,084,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of PFGC. Millstone Evans Group LLC bought a new position in Performance Food Group during the 4th quarter worth $26,000. Central Pacific Bank Trust Division bought a new position in Performance Food Group during the fourth quarter worth about $42,000. Blue Trust Inc. raised its stake in Performance Food Group by 64.6% in the 4th quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after purchasing an additional 212 shares in the last quarter. V Square Quantitative Management LLC boosted its holdings in Performance Food Group by 51.4% in the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company's stock valued at $60,000 after purchasing an additional 239 shares during the period. Finally, UMB Bank n.a. grew 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 purchasing an additional 313 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

Performance Food Group Trading Up 1.4 %

Shares of PFGC stock traded up $1.06 during trading hours on Friday, hitting $75.93. 1,024,762 shares of the company were exchanged, compared to its average volume of 1,116,770. 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 fifty-two week low of $61.60 and a fifty-two week high of $92.44. The company has a 50 day simple moving average of $78.97 and a two-hundred day simple moving average of $83.18. The firm has a market cap of $11.86 billion, a P/E ratio of 30.62, a P/E/G ratio of 0.96 and a beta of 1.16.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in 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. Piper Sandler downgraded Performance Food Group from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $92.00 to $90.00 in a report on Friday, February 7th. StockNews.com cut Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Barclays cut their price target on Performance Food Group from $103.00 to $102.00 and set an "overweight" rating on the stock in a research note on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $95.73.

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.