AQR Capital Management LLC Has $3.02 Million Position in Performance Food Group Co (NYSE:PFGC)

AQR Capital Management LLC grew its stake in Performance Food Group Co (NYSE:PFGC) by 61.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 122,093 shares of the food distribution company’s stock after buying an additional 46,463 shares during the quarter. AQR Capital Management LLC owned 0.09% of Performance Food Group worth $3,018,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. boosted its holdings in Performance Food Group by 0.3% during the fourth quarter. Alliancebernstein L.P. now owns 150,420 shares of the food distribution company’s stock worth $7,744,000 after purchasing an additional 400 shares during the last quarter. Chevy Chase Trust Holdings Inc. bought a new stake in Performance Food Group during the fourth quarter worth $26,000. Los Angeles Capital Management & Equity Research Inc. raised its position in Performance Food Group by 1.3% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 44,525 shares of the food distribution company’s stock worth $1,101,000 after acquiring an additional 555 shares in the last quarter. Bridgecreek Investment Management LLC raised its position in Performance Food Group by 0.8% during the fourth quarter. Bridgecreek Investment Management LLC now owns 88,430 shares of the food distribution company’s stock worth $4,552,000 after acquiring an additional 725 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in Performance Food Group by 61.8% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,218 shares of the food distribution company’s stock worth $115,000 after acquiring an additional 847 shares in the last quarter. Institutional investors own 85.90% of the company’s stock.

Shares of Performance Food Group stock opened at $29.15 on Wednesday. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 12.35 and a beta of 1.34. The company has a quick ratio of 0.87, a current ratio of 1.75 and a debt-to-equity ratio of 2.05. Performance Food Group Co has a 12-month low of $7.41 and a 12-month high of $54.49. The firm’s 50-day moving average price is $26.31 and its two-hundred day moving average price is $36.36.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Monday, May 4th. The food distribution company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.36. Performance Food Group had a net margin of 0.40% and a return on equity of 17.54%. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the prior year, the company posted $0.31 earnings per share. The business’s revenue for the quarter was up 49.3% on a year-over-year basis. On average, sell-side analysts expect that Performance Food Group Co will post 1.72 earnings per share for the current year.

Several analysts have issued reports on PFGC shares. Zacks Investment Research lowered shares of Performance Food Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 15th. BMO Capital Markets lowered shares of Performance Food Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $58.00 to $29.00 in a research report on Thursday, April 23rd. ValuEngine raised shares of Performance Food Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 24th. Jefferies Financial Group raised shares of Performance Food Group from a “hold” rating to a “buy” rating and dropped their price objective for the company from $55.00 to $42.00 in a research report on Thursday, March 26th. Finally, Wells Fargo & Co reissued a “buy” rating on shares of Performance Food Group in a research report on Thursday, April 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $45.89.

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 in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.

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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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