Performance Food Group Co (PFGC) Shares Bought by Millennium Management LLC
Millennium Management LLC raised its position in shares of Performance Food Group Co (NYSE:PFGC) by 202.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 705,332 shares of the restaurant operator’s stock after acquiring an additional 472,273 shares during the quarter. Millennium Management LLC’s holdings in Performance Food Group were worth $25,886,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in PFGC. Brown Advisory Inc. acquired a new position in shares of Performance Food Group during the first quarter valued at approximately $200,000. Sciencast Management LP acquired a new position in shares of Performance Food Group during the first quarter valued at approximately $212,000. NumerixS Investment Technologies Inc raised its holdings in shares of Performance Food Group by 57.5% during the second quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the restaurant operator’s stock valued at $234,000 after acquiring an additional 2,300 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Performance Food Group by 620.4% during the second quarter. Tower Research Capital LLC TRC now owns 6,419 shares of the restaurant operator’s stock valued at $236,000 after acquiring an additional 5,528 shares during the last quarter. Finally, Standard Life Aberdeen plc acquired a new position in shares of Performance Food Group during the second quarter valued at approximately $355,000. 95.35% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have commented on PFGC. Zacks Investment Research cut Performance Food Group from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 4th. Pivotal Research reissued a “hold” rating and set a $31.00 target price on shares of Performance Food Group in a report on Thursday, August 16th. Loop Capital reaffirmed a “buy” rating and issued a $42.00 price target on shares of Performance Food Group in a report on Wednesday, August 15th. BMO Capital Markets cut their price target on Performance Food Group from $40.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, August 16th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $43.00 price target on shares of Performance Food Group in a report on Friday, July 20th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $38.40.
NYSE:PFGC opened at $33.90 on Wednesday. Performance Food Group Co has a one year low of $26.35 and a one year high of $39.45. The company has a quick ratio of 0.78, a current ratio of 1.50 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $3.58 billion, a P/E ratio of 22.21, a P/E/G ratio of 1.12 and a beta of 0.18.
Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, August 15th. The restaurant operator reported $0.53 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.07). Performance Food Group had a net margin of 1.13% and a return on equity of 15.58%. The company had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same period in the prior year, the business posted $0.48 EPS. Performance Food Group’s revenue for the quarter was up 3.7% compared to the same quarter last year. equities research analysts anticipate that Performance Food Group Co will post 1.74 earnings per share for the current year.
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 in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, such as meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as seafood products, shortenings and oils, baked goods, and salad dressings.
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