Teachers Retirement System of The State of Kentucky Has $3.81 Million Position in Performance Food Group (NYSE:PFGC)

Teachers Retirement System of The State of Kentucky reduced its stake in Performance Food Group (NYSE:PFGCGet Rating) by 25.7% during the first quarter, HoldingsChannel reports. The firm owned 74,919 shares of the food distribution company’s stock after selling 25,911 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Performance Food Group were worth $3,814,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake in shares of Performance Food Group by 52.7% in the 1st quarter. Bank of America Corp DE now owns 1,038,180 shares of the food distribution company’s stock valued at $52,853,000 after purchasing an additional 358,476 shares in the last quarter. Neuberger Berman Group LLC boosted its position in Performance Food Group by 14.8% during the 1st quarter. Neuberger Berman Group LLC now owns 147,761 shares of the food distribution company’s stock worth $7,523,000 after buying an additional 19,099 shares during the period. Penn Capital Management Company LLC boosted its position in Performance Food Group by 2.2% during the 1st quarter. Penn Capital Management Company LLC now owns 221,762 shares of the food distribution company’s stock worth $12,307,000 after buying an additional 4,834 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Performance Food Group during the 1st quarter worth approximately $478,000. Finally, Shellback Capital LP boosted its position in Performance Food Group by 8.1% during the 1st quarter. Shellback Capital LP now owns 333,000 shares of the food distribution company’s stock worth $16,953,000 after buying an additional 25,000 shares during the period. 99.68% of the stock is currently owned by institutional investors and hedge funds.

Performance Food Group Stock Performance

NYSE:PFGC opened at $48.59 on Monday. The company has a fifty day moving average of $50.45 and a 200-day moving average of $48.30. The firm has a market capitalization of $7.54 billion, a P/E ratio of 67.49 and a beta of 1.29. The company has a quick ratio of 0.71, a current ratio of 1.66 and a debt-to-equity ratio of 1.30. Performance Food Group has a twelve month low of $38.23 and a twelve month high of $58.13.

Performance Food Group (NYSE:PFGCGet Rating) last released its quarterly earnings data on Wednesday, August 17th. The food distribution company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.03. The company had revenue of $14.59 billion during the quarter, compared to analyst estimates of $14.56 billion. Performance Food Group had a net margin of 0.22% and a return on equity of 12.35%. Performance Food Group’s revenue for the quarter was up 56.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 EPS. As a group, sell-side analysts anticipate that Performance Food Group will post 3.37 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on PFGC shares. Piper Sandler lifted their target price on shares of Performance Food Group from $60.00 to $64.00 and gave the stock an “overweight” rating in a research report on Thursday, August 18th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Performance Food Group from $58.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, August 18th. Truist Financial boosted their price target on shares of Performance Food Group from $62.00 to $67.00 and gave the stock a “buy” rating in a research report on Thursday, August 18th. Barclays boosted their price target on shares of Performance Food Group from $58.00 to $62.00 and gave the stock an “overweight” rating in a research report on Thursday, August 18th. Finally, TheStreet upgraded shares of Performance Food Group from a “c” rating to a “b-” rating in a research report on Wednesday, August 17th. One equities research analyst has rated the stock with a hold rating and nine 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 an average target price of $65.44.

Insiders Place Their Bets

In related news, insider George L. Holm sold 32,904 shares of the business’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $51.56, for a total value of $1,696,530.24. Following the transaction, the insider now directly owns 1,465,015 shares of the company’s stock, valued at approximately $75,536,173.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 33,904 shares of company stock valued at $1,744,330 in the last three months. 2.60% of the stock is currently owned by insiders.

About Performance Food Group

(Get Rating)

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through two segments, Foodservice and Vistar. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products, as well as beef, pork, poultry, and seafood.

See Also

Want to see what other hedge funds are holding PFGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Performance Food Group (NYSE:PFGCGet Rating).

Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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