Ameritas Investment Partners Inc. boosted its holdings in Performance Food Group Company (NYSE:PFGC) by 113.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,242 shares of the restaurant operator’s stock after purchasing an additional 3,324 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Performance Food Group were worth $171,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Public Employees Retirement System of Ohio grew its holdings in shares of Performance Food Group by 37.2% during the first quarter. Public Employees Retirement System of Ohio now owns 4,603 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 1,247 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Performance Food Group in the second quarter worth approximately $118,000. Pacad Investment Ltd. boosted its holdings in Performance Food Group by 880.0% in the second quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock worth $134,000 after purchasing an additional 4,400 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in Performance Food Group in the second quarter worth approximately $141,000. Finally, Bayesian Capital Management LP boosted its holdings in Performance Food Group by 2.9% in the second quarter. Bayesian Capital Management LP now owns 8,900 shares of the restaurant operator’s stock worth $244,000 after purchasing an additional 255 shares during the last quarter. Institutional investors and hedge funds own 79.50% of the company’s stock.

In other news, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of the firm’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $28.25, for a total value of $141,250,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider James D. Hope bought 3,575 shares of Performance Food Group stock in a transaction dated Friday, August 25th. The stock was purchased at an average price of $26.99 per share, with a total value of $96,489.25. Following the completion of the purchase, the insider now owns 65,480 shares in the company, valued at $1,767,305.20. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.

Performance Food Group Company (NYSE PFGC) opened at $28.80 on Friday. The company has a market capitalization of $2.96 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 1.97 and a beta of -0.28. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.77 and a current ratio of 1.51.

Performance Food Group (NYSE:PFGC) last announced 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 quarter in the previous year, the company posted $0.38 earnings per share. The firm’s revenue was up 1.3% on a year-over-year basis. analysts anticipate that Performance Food Group Company will post 1.44 EPS for the current year.

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PFGC has been the topic of several recent research reports. BidaskClub upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Wells Fargo & Company reiterated a “buy” rating on shares of Performance Food Group in a research report on Tuesday, August 8th. BMO Capital Markets raised their price objective on shares of Performance Food Group from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, September 13th. Zacks Investment Research upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Thursday, October 5th. Finally, Guggenheim restated a “buy” rating and set a $33.00 price objective (up from $31.00) on shares of Performance Food Group in a research report on Wednesday, September 6th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $29.30.

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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