Aristotle Atlantic Partners LLC Buys New Shares in Performance Food Group Company $PFGC

Aristotle Atlantic Partners LLC bought a new stake in Performance Food Group Company (NYSE:PFGC) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 36,843 shares of the food distribution company’s stock, valued at approximately $3,313,000.

Other hedge funds have also made changes to their positions in the company. Torren Management LLC bought a new stake in shares of Performance Food Group in the fourth quarter valued at about $41,000. Lloyd Advisory Services LLC. bought a new stake in shares of Performance Food Group in the fourth quarter valued at about $43,000. Clearstead Advisors LLC boosted its stake in Performance Food Group by 132.9% during the fourth quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock worth $53,000 after buying an additional 335 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in Performance Food Group by 440.2% during the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock worth $58,000 after buying an additional 537 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new stake in Performance Food Group during the fourth quarter worth $62,000. Institutional investors own 96.87% of the company’s stock.

Insiders Place Their Bets

In other news, insider Hugh Patrick Hatcher sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $94.54, for a total value of $283,620.00. Following the transaction, the insider directly owned 44,655 shares of the company’s stock, valued at $4,221,683.70. The trade was a 6.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider A Brent King sold 6,111 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $105.00, for a total transaction of $641,655.00. Following the completion of the transaction, the insider directly owned 44,260 shares of the company’s stock, valued at approximately $4,647,300. This represents a 12.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,592 shares of company stock valued at $2,741,865 over the last quarter. 4.50% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Zacks Research upgraded shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Barclays increased their price objective on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $123.00 price objective on shares of Performance Food Group in a research note on Thursday, May 7th. Citigroup increased their price objective on shares of Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.00.

Performance Food Group Stock Down 1.2%

Shares of PFGC opened at $103.23 on Thursday. The company has a market capitalization of $16.22 billion, a P/E ratio of 49.16, a PEG ratio of 1.64 and a beta of 0.93. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.68. Performance Food Group Company has a one year low of $80.82 and a one year high of $109.05. The business’s 50 day simple moving average is $94.09 and its 200-day simple moving average is $92.48.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. The business had revenue of $16.29 billion for the quarter, compared to the consensus estimate of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.Performance Food Group’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 EPS. As a group, sell-side analysts predict that Performance Food Group Company will post 4.57 EPS for the current fiscal year.

Performance Food Group 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.