Tower Research Capital LLC TRC Raises Stake in Performance Food Group (NYSE:PFGC)

Tower Research Capital LLC TRC increased its holdings in shares of Performance Food Group (NYSE:PFGC - Free Report) by 131.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,613 shares of the food distribution company's stock after purchasing an additional 6,019 shares during the quarter. Tower Research Capital LLC TRC's holdings in Performance Food Group were worth $897,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital World Investors raised its holdings in shares of Performance Food Group by 0.7% in the 4th quarter. Capital World Investors now owns 21,878,285 shares of the food distribution company's stock valued at $1,849,809,000 after buying an additional 157,987 shares during the period. FMR LLC increased its stake in Performance Food Group by 0.6% during the fourth quarter. FMR LLC now owns 13,391,257 shares of the food distribution company's stock worth $1,132,231,000 after purchasing an additional 78,855 shares during the period. Victory Capital Management Inc. lifted its position in shares of Performance Food Group by 154.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company's stock worth $330,625,000 after purchasing an additional 2,371,818 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Performance Food Group by 3.9% in the fourth quarter. Wellington Management Group LLP now owns 3,909,635 shares of the food distribution company's stock valued at $330,560,000 after purchasing an additional 147,080 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Performance Food Group by 11.8% in the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company's stock valued at $298,794,000 after purchasing an additional 401,235 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Piper Sandler cut shares of Performance Food Group from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $92.00 to $90.00 in a research report on Friday, February 7th. Morgan Stanley lifted their target price on Performance Food Group from $94.00 to $96.00 and gave the company an "equal weight" rating in a report on Tuesday, January 21st. StockNews.com downgraded Performance Food Group from a "buy" rating to a "hold" rating in a report on Tuesday, January 14th. Finally, Barclays decreased their price objective on 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. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.09.

Performance Food Group Stock Up 0.9 %

Shares of Performance Food Group stock traded up $0.74 during trading hours on Thursday, hitting $81.40. The company had a trading volume of 286,271 shares, compared to its average volume of 1,108,727. 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's 50-day moving average is $77.89 and its two-hundred day moving average is $83.18. The company has a market cap of $12.72 billion, a P/E ratio of 32.87, a price-to-earnings-growth ratio of 0.96 and a beta of 1.16. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44.

Performance Food Group (NYSE:PFGC - Get Free Report) last released 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 net margin of 0.64% and a return on equity of 16.58%. Analysts anticipate that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

About Performance Food Group

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.