Pacad Investment Ltd. increased its position in shares of Performance Food Group Company (NYSE:PFGC) by 880.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,900 shares of the restaurant operator’s stock after buying an additional 4,400 shares during the period. Pacad Investment Ltd.’s holdings in Performance Food Group were worth $134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Chicago Equity Partners LLC acquired a new position in Performance Food Group during the second quarter worth $1,328,000. Scout Investments Inc. increased its holdings in Performance Food Group by 4.0% during the second quarter. Scout Investments Inc. now owns 138,775 shares of the restaurant operator’s stock worth $3,802,000 after buying an additional 5,275 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Performance Food Group during the second quarter worth $415,000. Keybank National Association OH acquired a new position in Performance Food Group during the second quarter worth $1,220,000. Finally, Airain ltd acquired a new position in Performance Food Group during the second quarter worth $670,000. Institutional investors and hedge funds own 79.07% of the company’s stock.

A number of equities analysts recently weighed in on the stock. BidaskClub downgraded shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday. Wells Fargo & Company restated a “buy” rating on shares of Performance Food Group in a report on Tuesday, August 8th. Guggenheim restated a “buy” rating and set a $33.00 target price (up from $31.00) on shares of Performance Food Group in a report on Wednesday, September 6th. Royal Bank Of Canada set a $27.00 target price on shares of Performance Food Group and gave the stock a “hold” rating in a report on Tuesday, August 15th. Finally, BMO Capital Markets set a $30.00 target price on shares of Performance Food Group and gave the stock a “buy” rating in a report on Friday, August 4th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.20.

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Performance Food Group Company (PFGC) opened at 28.45 on Friday. The firm has a 50 day moving average of $27.75 and a 200 day moving average of $26.41. Performance Food Group Company has a 12-month low of $19.95 and a 12-month high of $29.90. The firm has a market capitalization of $2.96 billion, a P/E ratio of 30.59 and a beta of -0.28.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, August 16th. The restaurant operator reported $0.48 earnings per share 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 for the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter last year, the business posted $0.38 earnings per share. Performance Food Group’s revenue was up 1.3% on a year-over-year basis. On average, analysts forecast that Performance Food Group Company will post $1.43 EPS for the current fiscal year.

In other Performance Food Group news, insider James D. Hope bought 3,575 shares of the firm’s stock in a transaction dated Friday, August 25th. The stock was purchased at an average cost of $26.99 per share, with a total value of $96,489.25. Following the transaction, the insider now directly owns 65,480 shares in the company, valued at approximately $1,767,305.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company 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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