Trexquant Investment LP bought a new stake in shares of Performance Food Group Co (NYSE:PFGC) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 20,561 shares of the restaurant operator’s stock, valued at approximately $755,000.

Several other institutional investors have also modified their holdings of PFGC. Wells Fargo & Company MN raised its position in shares of Performance Food Group by 62.7% during the 2nd quarter. Wells Fargo & Company MN now owns 1,026,740 shares of the restaurant operator’s stock valued at $37,681,000 after acquiring an additional 395,836 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Performance Food Group by 10.2% during the 1st quarter. Victory Capital Management Inc. now owns 4,186,365 shares of the restaurant operator’s stock valued at $124,963,000 after acquiring an additional 388,992 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Performance Food Group by 27.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,740,423 shares of the restaurant operator’s stock valued at $51,952,000 after acquiring an additional 375,955 shares during the last quarter. Rothschild Asset Management Inc. raised its position in shares of Performance Food Group by 46.6% during the 1st quarter. Rothschild Asset Management Inc. now owns 974,512 shares of the restaurant operator’s stock valued at $29,089,000 after acquiring an additional 309,884 shares during the last quarter. Finally, Maplelane Capital LLC bought a new stake in shares of Performance Food Group during the 1st quarter valued at $8,202,000. Institutional investors own 91.81% of the company’s stock.

PFGC has been the subject of several recent research reports. Loop Capital set a $43.00 target price on shares of Performance Food Group and gave the company a “buy” rating in a research report on Thursday, May 10th. Pivotal Research reissued a “hold” rating and issued a $31.00 price target on shares of Performance Food Group in a report on Thursday, May 10th. Zacks Investment Research lowered shares of Performance Food Group from a “hold” rating to a “sell” rating in a report on Saturday, May 12th. Jefferies Financial Group assumed coverage on shares of Performance Food Group in a report on Friday, June 8th. They issued a “hold” rating and a $38.00 price target for the company. Finally, ValuEngine raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 26th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Performance Food Group presently has a consensus rating of “Hold” and an average target price of $38.40.

Shares of PFGC stock opened at $34.75 on Friday. Performance Food Group Co has a 12-month low of $26.35 and a 12-month high of $39.45. The firm has a market capitalization of $3.48 billion, a PE ratio of 22.56, a PEG ratio of 0.98 and a beta of 0.28. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.50 and a quick ratio of 0.78.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, August 15th. The restaurant operator reported $0.53 earnings per share (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 firm had revenue of $4.59 billion during the quarter, compared to analyst estimates of $4.66 billion. During the same period last year, the firm earned $0.48 EPS. Performance Food Group’s quarterly revenue was up 3.7% on a year-over-year basis. equities analysts expect that Performance Food Group Co will post 1.74 EPS for the current fiscal year.

In related news, insider Craig Howard Hoskins sold 10,500 shares of the company’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $35.10, for a total value of $368,550.00. Following the completion of the transaction, the insider now directly owns 122,261 shares of the company’s stock, valued at approximately $4,291,361.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Carol A. O’connell sold 6,939 shares of the company’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $36.77, for a total transaction of $255,147.03. Following the completion of the transaction, the insider now directly owns 50,474 shares of the company’s stock, valued at $1,855,928.98. The disclosure for this sale can be found here. Insiders sold a total of 87,048 shares of company stock valued at $3,120,530 in the last three months. 3.70% of the stock is owned by company 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 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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Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

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