Three Peaks Capital Management LLC raised its stake in Performance Food Group Company (NYSE:PFGC) by 37.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 444,697 shares of the restaurant operator’s stock after buying an additional 121,729 shares during the period. Performance Food Group makes up 1.8% of Three Peaks Capital Management LLC’s portfolio, making the stock its 12th largest position. Three Peaks Capital Management LLC owned approximately 0.43% of Performance Food Group worth $12,185,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Renaissance Technologies LLC acquired a new stake in shares of Performance Food Group during the fourth quarter valued at $629,000. KDI Capital Partners LLC acquired a new stake in shares of Performance Food Group during the first quarter valued at $3,127,000. Insight Capital Research & Management Inc. acquired a new stake in shares of Performance Food Group during the second quarter valued at $1,004,000. UBS Asset Management Americas Inc. increased its stake in shares of Performance Food Group by 326.6% in the first quarter. UBS Asset Management Americas Inc. now owns 37,487 shares of the restaurant operator’s stock valued at $892,000 after buying an additional 28,700 shares during the period. Finally, Victory Capital Management Inc. increased its stake in shares of Performance Food Group by 154.5% in the first quarter. Victory Capital Management Inc. now owns 1,788,521 shares of the restaurant operator’s stock valued at $42,567,000 after buying an additional 1,085,701 shares during the period. Institutional investors and hedge funds own 83.33% of the company’s stock.

Shares of Performance Food Group Company (NYSE PFGC) traded up 0.659% during midday trading on Friday, reaching $26.725. 51,860 shares of the company were exchanged. Performance Food Group Company has a 52-week low of $19.95 and a 52-week high of $29.25. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 28.737 and a beta of -0.31. The company’s 50-day moving average price is $27.71 and its 200 day moving average price is $25.73.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.02. The company had revenue of $4.43 billion during the quarter, compared to analyst estimates of $4.46 billion. Performance Food Group had a return on equity of 15.05% and a net margin of 0.57%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. On average, equities analysts predict that Performance Food Group Company will post $1.46 earnings per share for the current year.

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A number of equities research analysts recently commented on PFGC shares. Zacks Investment Research downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Barclays PLC restated a “hold” rating and issued a $28.00 price objective on shares of Performance Food Group in a research report on Friday, May 12th. BMO Capital Markets set a $30.00 price objective on shares of Performance Food Group and gave the company a “buy” rating in a research report on Friday, August 4th. Guggenheim raised their price objective on shares of Performance Food Group from $20.00 to $30.00 in a research report on Friday, June 16th. Finally, BidaskClub downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $28.31.

In related news, insider James D. Hope purchased 2,000 shares of Performance Food Group stock in a transaction dated Monday, May 22nd. The stock was bought at an average cost of $27.85 per share, with a total value of $55,700.00. Following the purchase, the insider now owns 66,657 shares in the company, valued at approximately $1,856,397.45. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, insider George L. Holm sold 102,200 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $28.23, for a total transaction of $2,885,106.00. Following the completion of the sale, the insider now directly owns 2,040,936 shares of the company’s stock, valued at $57,615,623.28. The disclosure for this sale can be found here. Corporate insiders own 3.50% of the company’s stock.

Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.

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

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