Brant Point Investment Management LLC Lowers Stock Holdings in Performance Food Group (NYSE:PFGC)

Brant Point Investment Management LLC lessened its holdings in shares of Performance Food Group (NYSE:PFGC) by 7.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 129,308 shares of the food distribution company’s stock after selling 10,000 shares during the quarter. Performance Food Group comprises approximately 1.4% of Brant Point Investment Management LLC’s portfolio, making the stock its 4th biggest holding. Brant Point Investment Management LLC owned 0.08% of Performance Food Group worth $10,933,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Millstone Evans Group LLC bought a new position in Performance Food Group in the 4th quarter worth about $26,000. Central Pacific Bank Trust Division bought a new position in shares of Performance Food Group in the fourth quarter valued at approximately $42,000. Blue Trust Inc. grew its stake in Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock valued at $42,000 after acquiring an additional 212 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in Performance Food Group by 51.4% during the 4th quarter. V Square Quantitative Management LLC now owns 704 shares of the food distribution company’s stock worth $60,000 after acquiring an additional 239 shares during the period. Finally, UMB Bank n.a. increased its holdings in Performance Food Group by 69.1% during the 4th quarter. UMB Bank n.a. now owns 766 shares of the food distribution company’s stock worth $65,000 after acquiring an additional 313 shares during the period. Institutional investors own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PFGC. Morgan Stanley boosted their price target on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. StockNews.com cut Performance Food Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Barclays dropped their price target on Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Performance Food Group currently has an average rating of “Moderate Buy” and a consensus price target of $95.73.

Performance Food Group Stock Up 1.4 %

Shares of NYSE PFGC opened at $75.93 on Friday. The stock has a market capitalization of $11.86 billion, a P/E ratio of 30.62, a PEG ratio of 0.96 and a beta of 1.16. Performance Food Group has a one year low of $61.60 and a one year high of $92.44. The firm’s 50 day simple moving average is $79.12 and its two-hundred day simple moving average is $83.19. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, analysts expect that Performance Food Group will post 4.58 EPS for the current fiscal 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 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.