Y Intercept Hong Kong Ltd Purchases Shares of 24,538 Performance Food Group (NYSE:PFGC)

Y Intercept Hong Kong Ltd purchased a new stake in Performance Food Group (NYSE:PFGC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 24,538 shares of the food distribution company’s stock, valued at approximately $2,075,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of PFGC. Blue Trust Inc. increased its holdings in Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after buying an additional 242 shares during the period. Ashton Thomas Securities LLC bought a new stake in shares of Performance Food Group in the 3rd quarter worth about $26,000. Venturi Wealth Management LLC grew its holdings in shares of Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock worth $32,000 after purchasing an additional 274 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Performance Food Group in the 4th quarter worth about $42,000. Finally, V Square Quantitative Management LLC grew its holdings in shares of 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 worth $60,000 after purchasing an additional 239 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Stock Up 1.3 %

Shares of NYSE PFGC opened at $82.90 on Tuesday. The firm’s 50-day simple moving average is $86.46 and its 200 day simple moving average is $82.37. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 33.43, a price-to-earnings-growth ratio of 0.96 and a beta of 1.44. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, research analysts expect that Performance Food Group will post 4.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total transaction of $1,809,386.88. Following the transaction, the insider now directly owns 192,868 shares in the company, valued at approximately $17,026,387.04. This represents a 9.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

PFGC has been the topic of several analyst reports. Guggenheim upped their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, November 7th. Morgan Stanley upped their target price on shares of Performance Food Group from $94.00 to $96.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. Barclays lowered their target price on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Piper Sandler lowered shares of Performance Food Group from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $92.00 to $90.00 in a report on Friday, February 7th. Finally, Melius initiated coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price on the stock. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.73.

Performance Food Group 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.