Performance Food Group Company $PFGC Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in Performance Food Group Company (NYSE:PFGC) by 15.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,890 shares of the food distribution company’s stock after selling 9,665 shares during the period. Teacher Retirement System of Texas’ holdings in Performance Food Group were worth $5,399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased its holdings in shares of Performance Food Group by 51.3% in the second quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock valued at $32,000 after purchasing an additional 123 shares during the period. AlphaQuest LLC boosted its position in Performance Food Group by 658.0% in the second quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock valued at $33,000 after buying an additional 329 shares during the last quarter. Root Financial Partners LLC purchased a new stake in Performance Food Group in the third quarter valued at approximately $39,000. Golden State Wealth Management LLC increased its holdings in Performance Food Group by 148.6% in the 2nd quarter. Golden State Wealth Management LLC now owns 522 shares of the food distribution company’s stock worth $46,000 after buying an additional 312 shares during the period. Finally, Eastern Bank purchased a new position in Performance Food Group during the 3rd quarter worth approximately $47,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Trading Down 0.1%

PFGC stock opened at $93.81 on Tuesday. Performance Food Group Company has a 52-week low of $68.39 and a 52-week high of $109.05. The company has a quick ratio of 0.70, a current ratio of 1.67 and a debt-to-equity ratio of 1.55. The firm has a market cap of $14.71 billion, a P/E ratio of 45.10, a PEG ratio of 1.13 and a beta of 0.93. The company’s 50-day simple moving average is $93.04 and its 200-day simple moving average is $97.98.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, November 5th. The food distribution company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $1.16 by $0.02. Performance Food Group had a return on equity of 15.97% and a net margin of 0.50%.The company had revenue of $17.08 billion during the quarter, compared to analysts’ expectations of $16.87 billion. During the same quarter in the prior year, the firm posted $1.16 EPS. Performance Food Group’s quarterly revenue was up 10.8% compared to the same quarter last year. As a group, equities analysts forecast that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on PFGC shares. Barclays dropped their price objective on shares of Performance Food Group from $120.00 to $105.00 and set an “overweight” rating on the stock in a report on Wednesday, January 7th. Citigroup lowered their price target on shares of Performance Food Group from $134.00 to $127.00 and set a “buy” rating on the stock in a report on Wednesday, January 7th. Guggenheim reiterated a “buy” rating on shares of Performance Food Group in a research note on Thursday, December 18th. Piper Sandler decreased their price objective on Performance Food Group from $116.00 to $111.00 and set an “overweight” rating for the company in a report on Friday, December 12th. Finally, UBS Group reaffirmed a “buy” rating and set a $120.00 target price on shares of Performance Food Group in a report on Friday, December 19th. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Performance Food Group has an average rating of “Moderate Buy” and a consensus price target of $118.22.

Performance Food Group Company Profile

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.