Boothbay Fund Management LLC Purchases 8,872 Shares of Performance Food Group Company $PFGC

Boothbay Fund Management LLC raised its stake in Performance Food Group Company (NYSE:PFGC) by 6.5% during the fourth quarter, Holdings Channel reports. The fund owned 145,725 shares of the food distribution company’s stock after buying an additional 8,872 shares during the period. Boothbay Fund Management LLC’s holdings in Performance Food Group were worth $13,104,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Torren Management LLC purchased a new position in Performance Food Group in the fourth quarter valued at about $41,000. Lloyd Advisory Services LLC. purchased a new position in Performance Food Group in the fourth quarter valued at about $43,000. Clearstead Advisors LLC boosted its stake in Performance Food Group by 132.9% in the fourth quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock valued at $53,000 after acquiring an additional 335 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Performance Food Group by 440.2% in the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after acquiring an additional 537 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in Performance Food Group in the fourth quarter valued at about $62,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Performance Food Group

In related news, insider Erika T. Davis sold 1,750 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $105.00, for a total transaction of $183,750.00. Following the sale, the insider directly owned 43,041 shares in the company, valued at approximately $4,519,305. This represents a 3.91% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Hugh Patrick Hatcher sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $94.54, for a total transaction of $283,620.00. Following the completion of the sale, the insider owned 44,655 shares in the company, valued at $4,221,683.70. This represents a 6.30% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 27,592 shares of company stock valued at $2,741,865. 4.50% of the stock is owned by corporate insiders.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $103.23 on Thursday. The stock has a market capitalization of $16.22 billion, a P/E ratio of 49.16, a PEG ratio of 1.64 and a beta of 0.93. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. The firm’s 50 day moving average is $94.09 and its 200 day moving average is $92.48. Performance Food Group Company has a 12 month low of $80.82 and a 12 month high of $109.05.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $16.29 billion for the quarter, compared to analysts’ expectations of $16.17 billion. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. Performance Food Group’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 EPS. On average, sell-side analysts anticipate that Performance Food Group Company will post 4.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on PFGC. Barclays boosted their target price on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Zacks Research upgraded shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Citigroup boosted their target price on shares of Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $123.00 price target on shares of Performance Food Group in a research note on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and an average price target of $119.00.

Performance Food Group Profile

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.