Amalgamated Bank purchased a new position in shares of Performance Food Group Company (NYSE:PFGC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,316 shares of the restaurant operator’s stock, valued at approximately $255,000.

A number of other hedge funds also recently modified their holdings of PFGC. Chicago Equity Partners LLC acquired a new stake in shares of Performance Food Group in the second quarter worth $1,328,000. Insight Capital Research & Management Inc. acquired a new stake in shares of Performance Food Group in the second quarter worth $1,004,000. Keybank National Association OH acquired a new stake in shares of Performance Food Group in the second quarter worth $1,220,000. UBS Asset Management Americas Inc. increased its position 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 worth $892,000 after acquiring an additional 28,700 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in shares of Performance Food Group in the second quarter worth $2,648,000. 78.70% of the stock is owned by hedge funds and other institutional investors.

PFGC has been the subject of several recent research reports. Guggenheim reissued a “buy” rating and issued a $26.80 price objective on shares of Performance Food Group in a research report on Tuesday, June 27th. BidaskClub raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Wells Fargo & Company reissued a “buy” rating on shares of Performance Food Group in a research report on Tuesday, August 8th. BMO Capital Markets increased their price objective on shares of Performance Food Group from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 13th. Finally, Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Thursday, October 5th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $29.30.

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In other news, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of Performance Food Group stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $28.25, for a total value of $141,250,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider James D. Hope purchased 3,575 shares of the company’s stock in a transaction dated Friday, August 25th. The stock was purchased at an average cost of $26.99 per share, for a total transaction of $96,489.25. Following the transaction, the insider now owns 65,480 shares of the company’s stock, valued at $1,767,305.20. The disclosure for this purchase can be found here. Company insiders own 3.70% of the company’s stock.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 EPS for the quarter, missing the Zacks’ 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 firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the prior year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 1.3% compared to the same quarter last 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.

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

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