Scientech Research LLC Purchases Shares of 3,502 Performance Food Group (NYSE:PFGC)

Scientech Research LLC acquired a new stake in shares of Performance Food Group (NYSE:PFGC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,502 shares of the food distribution company’s stock, valued at approximately $232,000.

Several other institutional investors and hedge funds also recently made changes to their positions in PFGC. Rise Advisors LLC acquired a new position in Performance Food Group in the first quarter valued at about $29,000. Innealta Capital LLC acquired a new position in shares of Performance Food Group in the 2nd quarter worth approximately $30,000. Mather Group LLC. bought a new stake in Performance Food Group during the 1st quarter worth approximately $44,000. GAMMA Investing LLC increased its holdings in Performance Food Group by 65.2% during the 2nd quarter. GAMMA Investing LLC now owns 884 shares of the food distribution company’s stock valued at $58,000 after purchasing an additional 349 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Performance Food Group in the 2nd quarter valued at $105,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company raised their target price on Performance Food Group from $80.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. Jefferies Financial Group boosted their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. BMO Capital Markets increased their price target on shares of Performance Food Group from $80.00 to $87.00 and gave the company an “outperform” rating in a research note on Thursday, August 15th. Truist Financial boosted their price objective on shares of Performance Food Group from $86.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Finally, Barclays increased their price objective on Performance Food Group from $84.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Performance Food Group Trading Up 0.2 %

NYSE:PFGC opened at $78.35 on Tuesday. The firm has a market capitalization of $12.19 billion, a price-to-earnings ratio of 29.24, a PEG ratio of 0.85 and a beta of 1.44. Performance Food Group has a 1-year low of $52.92 and a 1-year high of $79.59. The business’s 50-day moving average price is $71.89 and its two-hundred day moving average price is $70.32. The company has a current ratio of 1.64, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.08. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. The business had revenue of $15.20 billion for the quarter, compared to analyst estimates of $15.25 billion. During the same quarter last year, the firm earned $1.14 EPS. Performance Food Group’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities analysts expect that Performance Food Group will post 4.87 earnings per share for the current year.

Insider Activity at Performance Food Group

In other Performance Food Group news, insider George L. Holm sold 63,500 shares of Performance Food Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the transaction, the insider now directly owns 531,556 shares in the company, valued at $39,085,312.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider George L. Holm sold 63,500 shares of Performance Food Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the transaction, the insider now owns 531,556 shares in the company, valued at approximately $39,085,312.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Patrick T. Hagerty sold 8,000 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $74.56, for a total value of $596,480.00. Following the sale, the insider now directly owns 162,987 shares of the company’s stock, valued at $12,152,310.72. The disclosure for this sale can be found here. Insiders sold a total of 100,500 shares of company stock worth $7,426,075 in the last quarter. Corporate insiders own 2.60% of the company’s stock.

Performance Food Group Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.