Performance Food Group Company (PFGC) Shares Bought by Symphony Asset Management LLC
Symphony Asset Management LLC lifted its position in Performance Food Group Company (NYSE:PFGC) by 90.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,401 shares of the restaurant operator’s stock after buying an additional 19,168 shares during the quarter. Symphony Asset Management LLC’s holdings in Performance Food Group were worth $1,107,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in shares of Performance Food Group in the 2nd quarter valued at $118,000. Public Employees Retirement System of Ohio increased its holdings in Performance Food Group by 37.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 4,603 shares of the restaurant operator’s stock worth $110,000 after purchasing an additional 1,247 shares during the period. Pacad Investment Ltd. increased its holdings in Performance Food Group by 880.0% during the 2nd quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock worth $134,000 after purchasing an additional 4,400 shares during the period. Great West Life Assurance Co. Can increased its holdings in Performance Food Group by 187.0% during the 1st quarter. Great West Life Assurance Co. Can now owns 6,600 shares of the restaurant operator’s stock worth $156,000 after purchasing an additional 4,300 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in Performance Food Group by 85.2% during the 1st quarter. Advisors Asset Management Inc. now owns 8,058 shares of the restaurant operator’s stock worth $192,000 after purchasing an additional 3,706 shares during the period. Hedge funds and other institutional investors own 79.07% of the company’s stock.
Several equities research analysts have weighed in on PFGC shares. Jefferies Group LLC restated a “hold” rating on shares of Performance Food Group in a report on Tuesday, May 16th. Royal Bank Of Canada set a $27.00 price target on Performance Food Group and gave the stock a “hold” rating in a report on Tuesday, May 16th. Zacks Investment Research upgraded Performance Food Group from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Wednesday, June 14th. Guggenheim upped their price target on Performance Food Group from $20.00 to $30.00 in a report on Friday, June 16th. Finally, BidaskClub downgraded Performance Food Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Performance Food Group has an average rating of “Hold” and an average target price of $29.00.
In other Performance Food Group news, insider James D. Hope bought 3,575 shares of the company’s stock in a transaction dated Friday, August 25th. The shares were acquired at an average cost of $26.99 per share, with a total value of $96,489.25. Following the completion of the transaction, the insider now owns 65,480 shares in the company, valued at $1,767,305.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.50% of the stock is currently owned by insiders.
Performance Food Group Company (NYSE:PFGC) traded up 0.606% on Wednesday, hitting $29.075. The stock had a trading volume of 14,683 shares. The company’s 50-day moving average is $27.76 and its 200-day moving average is $26.31. The stock has a market cap of $3.03 billion, a P/E ratio of 31.263 and a beta of -0.28. Performance Food Group Company has a one year low of $19.95 and a one year high of $29.25.
Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, August 16th. The restaurant operator reported $0.48 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.02). Performance Food Group had a net margin of 0.57% and a return on equity of 14.73%. The company had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period last year, the business earned $0.38 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts anticipate that Performance Food Group Company will post $1.43 earnings per share for the current fiscal year.
About Performance Food Group
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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