Performance Food Group Company $PFGC Position Lowered by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al trimmed its position in shares of Performance Food Group Company (NYSE:PFGC) by 37.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,400 shares of the food distribution company’s stock after selling 6,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Performance Food Group were worth $952,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Performance Food Group during the second quarter valued at $1,576,983,000. Primecap Management Co. CA bought a new position in shares of Performance Food Group during the second quarter worth about $305,064,000. Dimensional Fund Advisors LP lifted its stake in shares of Performance Food Group by 32.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,514,963 shares of the food distribution company’s stock worth $215,418,000 after acquiring an additional 619,572 shares during the period. Bank of New York Mellon Corp acquired a new stake in Performance Food Group during the 2nd quarter valued at approximately $105,756,000. Finally, TimesSquare Capital Management LLC bought a new position in Performance Food Group during the 2nd quarter worth approximately $94,236,000. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Trading Up 0.4%

Shares of Performance Food Group stock opened at $110.01 on Friday. The company has a current ratio of 1.61, a quick ratio of 0.67 and a debt-to-equity ratio of 1.32. The stock has a fifty day simple moving average of $95.73 and a 200 day simple moving average of $97.58. Performance Food Group Company has a 12-month low of $80.82 and a 12-month high of $117.47. The company has a market capitalization of $17.33 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 1.41 and a beta of 0.91.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, November 4th. The food distribution company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.05. The firm had revenue of $18.02 billion for the quarter, compared to the consensus estimate of $18.02 billion. Performance Food Group had a net margin of 0.57% and a return on equity of 15.25%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. On average, sell-side analysts anticipate that Performance Food Group Company will post 5.58 earnings per share for the current fiscal year.

Insider Activity at Performance Food Group

In related news, insider A. King sold 1,320 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total value of $138,982.80. Following the transaction, the insider directly owned 44,216 shares of the company’s stock, valued at approximately $4,655,502.64. The trade was a 2.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chasity D. Grosh sold 1,005 shares of the stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $92.40, for a total transaction of $92,862.00. Following the transaction, the insider directly owned 5,783 shares of the company’s stock, valued at $534,349.20. This represents a 14.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 41,459 shares of company stock worth $4,317,917. 2.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

PFGC has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of Performance Food Group from $115.00 to $130.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Weiss Ratings downgraded Performance Food Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. TD Cowen increased their target price on shares of Performance Food Group from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Morgan Stanley upped their price objective on shares of Performance Food Group from $131.00 to $136.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Performance Food Group has a consensus rating of “Moderate Buy” and a consensus price target of $128.70.

Trending Headlines about Performance Food Group

Here are the key news stories impacting Performance Food Group this week:

• Positive Sentiment: For fiscal Q1 2027, adjusted EPS was $1.32, topping the roughly $1.27 consensus estimate. Revenue rose 5.5% year over year to $18.02 billion, in line with expectations. Zacks earnings report
• Positive Sentiment: Management maintained its fiscal 2027 net-sales outlook and expected sales to rise in the second quarter, supporting confidence in near-term demand and the annual plan. RTTNews results and outlook
• Positive Sentiment: Sanford C. Bernstein raised its price target to $135 from $130 and reiterated an Outperform rating. TD Cowen also lifted its target, to $125 from $110, and assigned a Buy rating—further signaling analyst optimism. Price-target update
• Neutral Sentiment: Quarterly revenue matched analyst expectations, so the earnings beat—not a top-line surprise—was the clearest positive in the report.

About Performance Food Group

Performance Food Group Co (NYSE:PFGC) is a food and foodservice distribution company serving restaurants, convenience stores, schools, health care facilities, hospitality businesses and other institutional customers. The company supplies a broad selection of fresh, frozen and dry food products, beverages, disposables, kitchen supplies and related equipment.

Performance Food Group operates through three primary business areas: Foodservice, which distributes products to independent and chain restaurants and institutional customers; Vistar, which supplies candy, snacks, beverages and other products to vending, theater, hospitality and specialty retail customers; and Convenience, which serves convenience stores and other retail locations with food, beverages, tobacco products and related merchandise.

The company traces its origins to 1987 and is headquartered in Richmond, Virginia.