24,836 Shares in Performance Food Group Company $PFGC Purchased by Maven Securities LTD

Maven Securities LTD purchased a new stake in shares of Performance Food Group Company (NYSE:PFGC) in the third quarter, HoldingsChannel.com reports. The institutional investor purchased 24,836 shares of the food distribution company’s stock, valued at approximately $2,589,000.

Several other institutional investors have also added to or reduced their stakes in the company. Danske Bank A S bought a new stake in Performance Food Group in the 3rd quarter worth approximately $115,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Performance Food Group by 2.1% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 74,139 shares of the food distribution company’s stock valued at $7,733,000 after acquiring an additional 1,552 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Performance Food Group in the third quarter valued at $5,804,000. Williamson Legacy Group LLC purchased a new position in shares of Performance Food Group in the third quarter valued at $348,000. Finally, Woodline Partners LP increased its position in Performance Food Group by 27.9% in the third quarter. Woodline Partners LP now owns 1,009,267 shares of the food distribution company’s stock worth $105,004,000 after purchasing an additional 220,062 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Insider Activity

In related news, insider Chasity D. Grosh sold 1,843 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $92.03, for a total value of $169,611.29. Following the transaction, the insider owned 6,601 shares of the company’s stock, valued at $607,490.03. This represents a 21.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

PFGC has been the topic of a number of recent research reports. Zacks Research downgraded shares of Performance Food Group from a “hold” rating to a “strong sell” rating in a research note on Friday, February 6th. Morgan Stanley dropped their price objective on shares of Performance Food Group from $123.00 to $120.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Piper Sandler reduced their target price on shares of Performance Food Group from $116.00 to $111.00 and set an “overweight” rating on the stock in a report on Friday, December 12th. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a research report on Monday, December 29th. Finally, Barclays lowered their price target on shares of Performance Food Group from $120.00 to $105.00 and set an “overweight” rating for the company in a report on Wednesday, January 7th. Nine research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average price target of $116.44.

Performance Food Group Trading Up 0.2%

Shares of PFGC opened at $86.81 on Wednesday. The firm has a market capitalization of $13.61 billion, a price-to-earnings ratio of 39.46, a PEG ratio of 1.22 and a beta of 0.91. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.60 and a quick ratio of 0.68. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $109.05. The company has a 50-day moving average of $93.39 and a 200 day moving average of $96.46.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, February 4th. The food distribution company reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.09). The company had revenue of $16.44 billion during the quarter, compared to the consensus estimate of $16.54 billion. Performance Food Group had a return on equity of 15.64% and a net margin of 0.52%.Performance Food Group’s revenue was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.98 earnings per share. On average, research analysts expect that Performance Food Group Company will post 4.58 EPS for the current year.

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.