Performance Food Group (NYSE:PFGC) Shares Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC grew its holdings in shares of Performance Food Group (NYSE:PFGC) by 658.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 460,105 shares of the food distribution company’s stock after purchasing an additional 399,430 shares during the period. TimesSquare Capital Management LLC owned approximately 0.30% of Performance Food Group worth $38,902,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PFGC. Blue Trust Inc. increased its holdings in shares of Performance Food Group by 281.4% during the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after purchasing an additional 242 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Performance Food Group during the third quarter valued at $26,000. Venturi Wealth Management LLC increased its holdings in shares of Performance Food Group by 203.0% during the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after purchasing an additional 274 shares during the period. V Square Quantitative Management LLC acquired a new position in shares of Performance Food Group during the third quarter valued at $36,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Performance Food Group during the fourth quarter valued at $42,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the completion of the sale, the insider now directly owns 172,372 shares in the company, valued at approximately $14,582,671.20. This trade represents a 10.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Performance Food Group Trading Down 0.6 %

NYSE:PFGC opened at $86.59 on Wednesday. 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 1-year low of $61.60 and a 1-year high of $92.44. The firm has a market capitalization of $13.53 billion, a price-to-earnings ratio of 34.91, a price-to-earnings-growth ratio of 0.99 and a beta of 1.44. The stock has a fifty day simple moving average of $86.87 and a 200 day simple moving average of $81.67.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share 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%. Sell-side analysts forecast that Performance Food Group will post 4.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on PFGC shares. BMO Capital Markets raised their target price on Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Barclays decreased their target price on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Finally, Melius Research raised Performance Food Group to a “hold” rating in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.73.

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 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.