Stone Ridge Asset Management LLC purchased a new position in shares of Performance Food Group Co (NYSE:PFGC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 57,499 shares of the restaurant operator’s stock, valued at approximately $1,903,000. Stone Ridge Asset Management LLC owned 0.06% of Performance Food Group at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Cornercap Investment Counsel Inc. bought a new stake in Performance Food Group during the fourth quarter worth $865,000. Guggenheim Capital LLC lifted its holdings in Performance Food Group by 86.8% during the fourth quarter. Guggenheim Capital LLC now owns 208,852 shares of the restaurant operator’s stock worth $6,912,000 after acquiring an additional 97,075 shares during the period. Deutsche Bank AG increased its position in Performance Food Group by 82.7% in the fourth quarter. Deutsche Bank AG now owns 763,857 shares of the restaurant operator’s stock worth $25,281,000 after buying an additional 345,656 shares during the last quarter. Fred Alger Management Inc. increased its position in Performance Food Group by 7.5% in the fourth quarter. Fred Alger Management Inc. now owns 586,898 shares of the restaurant operator’s stock worth $19,426,000 after buying an additional 40,828 shares during the last quarter. Finally, Crestwood Capital Management L.P. purchased a new stake in Performance Food Group in the fourth quarter worth $3,575,000. Institutional investors and hedge funds own 94.97% of the company’s stock.
A number of analysts have issued reports on PFGC shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $32.00 target price on shares of Performance Food Group in a research report on Tuesday, February 6th. Zacks Investment Research raised Performance Food Group from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Tuesday, December 19th. Guggenheim reissued a “buy” rating and issued a $39.00 target price on shares of Performance Food Group in a research report on Sunday, January 28th. BMO Capital Markets reissued a “buy” rating and issued a $33.00 target price on shares of Performance Food Group in a research report on Wednesday, January 24th. Finally, Pivotal Research reissued a “hold” rating and issued a $31.00 target price (down from $34.00) on shares of Performance Food Group in a research report on Thursday, February 8th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $33.44.
Performance Food Group Co (PFGC) opened at $32.05 on Wednesday. The firm has a market capitalization of $3,307.22, a price-to-earnings ratio of 22.39, a PEG ratio of 0.95 and a beta of 0.26. Performance Food Group Co has a 52-week low of $22.30 and a 52-week high of $35.25. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.67 and a quick ratio of 0.86.
Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. The company had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Performance Food Group had a return on equity of 15.69% and a net margin of 1.24%. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. analysts anticipate that Performance Food Group Co will post 1.6 EPS for the current year.
Performance Food Group Profile
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.
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