Atria Investments Inc Has $1.53 Million Stake in Performance Food Group (NYSE:PFGC)

Atria Investments Inc reduced its position in shares of Performance Food Group (NYSE:PFGC) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,057 shares of the food distribution company’s stock after selling 923 shares during the period. Atria Investments Inc’s holdings in Performance Food Group were worth $1,527,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PFGC. US Bancorp DE increased its stake in Performance Food Group by 9.2% in the 3rd quarter. US Bancorp DE now owns 3,758 shares of the food distribution company’s stock valued at $295,000 after buying an additional 316 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Performance Food Group by 260.7% in the 3rd quarter. Farther Finance Advisors LLC now owns 891 shares of the food distribution company’s stock valued at $70,000 after acquiring an additional 644 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Performance Food Group by 15.0% in the third quarter. QRG Capital Management Inc. now owns 4,877 shares of the food distribution company’s stock valued at $382,000 after acquiring an additional 636 shares during the last quarter. Assetmark Inc. boosted its position in Performance Food Group by 6.7% during the third quarter. Assetmark Inc. now owns 64,121 shares of the food distribution company’s stock valued at $5,025,000 after purchasing an additional 4,037 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in Performance Food Group in the third quarter valued at approximately $26,000. 96.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PFGC has been the subject of several recent analyst reports. Piper Sandler downgraded Performance Food Group from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $92.00 to $90.00 in a report on Friday, February 7th. StockNews.com cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Melius Research raised Performance Food Group to a “hold” rating in a report on Wednesday, December 18th. Barclays dropped their price objective on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Finally, Melius initiated coverage on shares of Performance Food Group in a report on Wednesday, December 18th. They set a “hold” rating and a $95.00 target price for the company. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $95.73.

Performance Food Group Price Performance

Shares of PFGC stock opened at $74.97 on Tuesday. The business has a fifty day simple moving average of $85.65 and a 200 day simple moving average of $83.06. The company has a market cap of $11.71 billion, a P/E ratio of 30.23, a P/E/G ratio of 0.96 and a beta of 1.40. The company has a quick ratio of 0.72, a current ratio of 1.67 and a debt-to-equity ratio of 1.56. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. On average, sell-side analysts forecast that Performance Food Group will post 4.58 EPS for the current fiscal year.

Insider Activity

In other Performance Food Group news, insider Craig Howard Hoskins sold 20,496 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $84.60, for a total value of $1,733,961.60. Following the completion of the transaction, the insider now directly owns 172,372 shares in the company, valued at approximately $14,582,671.20. This represents a 10.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.80% of the stock is owned by corporate insiders.

About Performance Food Group

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.