Engineers Gate Manager LP acquired a new stake in Performance Food Group Company (NYSE:PFGC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 96,645 shares of the restaurant operator’s stock, valued at approximately $2,648,000. Engineers Gate Manager LP owned approximately 0.09% of Performance Food Group as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. FMR LLC grew its holdings in shares of Performance Food Group by 344.4% in the first quarter. FMR LLC now owns 12,255,431 shares of the restaurant operator’s stock valued at $291,680,000 after purchasing an additional 9,497,642 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Performance Food Group by 13.2% in the second quarter. JPMorgan Chase & Co. now owns 6,108,605 shares of the restaurant operator’s stock valued at $167,376,000 after purchasing an additional 714,071 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Performance Food Group by 56.9% in the first quarter. Vanguard Group Inc. now owns 5,780,990 shares of the restaurant operator’s stock valued at $137,588,000 after purchasing an additional 2,095,631 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Performance Food Group by 97.2% in the second quarter. Victory Capital Management Inc. now owns 3,526,649 shares of the restaurant operator’s stock valued at $96,631,000 after purchasing an additional 1,738,128 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new position in shares of Performance Food Group in the first quarter valued at approximately $70,404,000. Hedge funds and other institutional investors own 79.07% of the company’s stock.

In other Performance Food Group news, insider James D. Hope bought 3,575 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average price of $26.99 per share, with a total value of $96,489.25. Following the transaction, the insider now owns 65,480 shares in the company, valued at $1,767,305.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.50% of the stock is currently owned by corporate insiders.

PFGC has been the subject of a number of research reports. Guggenheim restated a “buy” rating and issued a $33.00 price objective (up previously from $31.00) on shares of Performance Food Group in a report on Wednesday. BMO Capital Markets set a $30.00 price objective on shares of Performance Food Group and gave the company a “buy” rating in a report on Friday, August 4th. Zacks Investment Research cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Finally, Loop Capital initiated coverage on shares of Performance Food Group in a report on Monday, May 15th. They issued a “buy” rating and a $35.00 price objective for the company. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $29.00.

Performance Food Group Company (NYSE:PFGC) opened at 28.10 on Friday. 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 cap of $2.92 billion, a P/E ratio of 30.22 and a beta of -0.28. The company has a 50-day moving average of $27.76 and a 200-day moving average of $26.25.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.02. The business had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.46 billion. Performance Food Group had a return on equity of 14.73% and a net margin of 0.57%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.38 EPS. On average, analysts predict that Performance Food Group Company will post $1.43 EPS for the current fiscal year.

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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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