Performance Food Group Company (NYSE:PFGC) Short Interest Down 17.0% in February

Performance Food Group Company (NYSE:PFGC) saw a significant decrease in short interest during the month of February. As of February 27th, there was short interest totaling 5,635,220 shares, a decrease of 17.0% from the February 12th total of 6,789,895 shares. Approximately 3.8% of the shares of the company are short sold. Based on an average daily volume of 1,732,518 shares, the days-to-cover ratio is presently 3.3 days. Based on an average daily volume of 1,732,518 shares, the days-to-cover ratio is presently 3.3 days. Approximately 3.8% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of research analysts recently commented on PFGC shares. Piper Sandler lowered their price objective on Performance Food Group from $116.00 to $111.00 and set an “overweight” rating for the company in a research note on Friday, December 12th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, February 5th. Zacks Research downgraded shares of Performance Food Group from a “hold” rating to a “strong sell” rating in a report on Friday, February 6th. Barclays lowered their price target on shares of Performance Food Group from $120.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research report on Monday, December 29th. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $116.44.

Insider Buying and Selling at Performance Food Group

In other news, insider Chasity D. Grosh sold 1,843 shares of the stock in a transaction that occurred on Tuesday, February 10th. The stock was sold at an average price of $92.03, for a total transaction of $169,611.29. Following the sale, the insider directly owned 6,601 shares in the company, valued at approximately $607,490.03. This represents a 21.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Trading of Performance Food Group

A number of hedge funds and other institutional investors have recently made changes to their positions in PFGC. Root Financial Partners LLC bought a new position in shares of Performance Food Group in the third quarter valued at approximately $39,000. Torren Management LLC bought a new stake in Performance Food Group during the fourth quarter worth approximately $41,000. Eastern Bank acquired a new stake in Performance Food Group in the third quarter worth approximately $47,000. Lloyd Advisory Services LLC. acquired a new stake in Performance Food Group in the fourth quarter worth approximately $43,000. Finally, Mather Group LLC. bought a new position in Performance Food Group during the 3rd quarter valued at $55,000. 96.87% of the stock is currently owned by institutional investors.

Performance Food Group Stock Performance

Performance Food Group stock traded down $1.75 during mid-day trading on Wednesday, hitting $85.08. 41,997 shares of the company’s stock traded hands, compared to its average volume of 2,478,187. The company has a quick ratio of 0.68, a current ratio of 1.60 and a debt-to-equity ratio of 1.45. Performance Food Group has a one year low of $68.39 and a one year high of $109.05. The firm has a 50 day moving average price of $93.39 and a 200 day moving average price of $96.46. The company has a market cap of $13.34 billion, a PE ratio of 38.67, a price-to-earnings-growth ratio of 1.22 and a beta of 0.91.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, February 4th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.09). Performance Food Group had a return on equity of 15.64% and a net margin of 0.52%.The business had revenue of $16.44 billion during the quarter, compared to the consensus estimate of $16.54 billion. During the same period in the previous year, the company posted $0.98 EPS. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. On average, equities analysts forecast that Performance Food Group will post 4.58 EPS for the current year.

About Performance Food Group

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.