Boothbay Fund Management LLC Has $13.10 Million Stake in Performance Food Group Company $PFGC

Boothbay Fund Management LLC boosted its position in Performance Food Group Company (NYSE:PFGC) by 6.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 145,725 shares of the food distribution company’s stock after buying an additional 8,872 shares during the period. Boothbay Fund Management LLC owned approximately 0.09% of Performance Food Group worth $13,104,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Capital World Investors lifted its holdings in Performance Food Group by 1.0% in the fourth quarter. Capital World Investors now owns 22,663,573 shares of the food distribution company’s stock valued at $2,037,910,000 after buying an additional 216,720 shares during the period. Wellington Management Group LLP lifted its holdings in Performance Food Group by 46.2% in the third quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock valued at $646,447,000 after buying an additional 1,964,799 shares during the period. Geode Capital Management LLC lifted its holdings in Performance Food Group by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 2,803,918 shares of the food distribution company’s stock valued at $252,207,000 after buying an additional 36,031 shares during the period. Invesco Ltd. lifted its holdings in Performance Food Group by 79.1% in the third quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock valued at $275,400,000 after buying an additional 1,168,869 shares during the period. Finally, Norges Bank acquired a new position in Performance Food Group in the fourth quarter valued at $208,170,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Insider Activity

In other Performance Food Group news, insider A Brent King sold 6,111 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $105.00, for a total value of $641,655.00. Following the completion of the sale, the insider directly owned 44,260 shares of the company’s stock, valued at approximately $4,647,300. This represents a 12.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Hugh Patrick Hatcher sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $94.54, for a total transaction of $283,620.00. Following the completion of the sale, the insider directly owned 44,655 shares of the company’s stock, valued at $4,221,683.70. The trade was a 6.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 27,592 shares of company stock valued at $2,741,865. 4.50% of the stock is currently owned by company insiders.

Performance Food Group Trading Down 1.2%

NYSE:PFGC opened at $103.23 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.68. The firm has a 50-day moving average of $94.09 and a 200-day moving average of $92.48. The company has a market cap of $16.22 billion, a PE ratio of 49.16, a PEG ratio of 1.64 and a beta of 0.93. Performance Food Group Company has a one year low of $80.82 and a one year high of $109.05.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The company had revenue of $16.29 billion during the quarter, compared to the consensus estimate of $16.17 billion. During the same period in the previous year, the firm posted $0.79 earnings per share. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities research analysts expect that Performance Food Group Company will post 4.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PFGC has been the topic of several recent analyst reports. Zacks Research upgraded shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a report on Friday, March 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $123.00 target price on shares of Performance Food Group in a report on Thursday, May 7th. Barclays boosted their target price on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Citigroup boosted their target price on shares of Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.00.

About Performance Food Group

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.