SNS Financial Group LLC Buys Shares of 27,495 Performance Food Group Co (PFGC)

SNS Financial Group LLC bought a new position in Performance Food Group Co (NYSE:PFGC) in the 4th quarter, HoldingsChannel.com reports. The firm bought 27,495 shares of the restaurant operator’s stock, valued at approximately $910,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado acquired a new stake in shares of Performance Food Group in the 4th quarter worth $103,000. Balter Liquid Alternatives LLC acquired a new stake in shares of Performance Food Group in the 4th quarter worth $136,000. Strs Ohio lifted its stake in shares of Performance Food Group by 4,700.0% in the 3rd quarter. Strs Ohio now owns 4,800 shares of the restaurant operator’s stock worth $135,000 after acquiring an additional 4,700 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Performance Food Group by 42.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,979 shares of the restaurant operator’s stock worth $165,000 after acquiring an additional 1,478 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Performance Food Group by 25.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,780 shares of the restaurant operator’s stock worth $158,000 after acquiring an additional 1,177 shares during the period. Institutional investors own 83.09% of the company’s stock.

Shares of Performance Food Group Co (PFGC) opened at $31.05 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.67 and a debt-to-equity ratio of 1.38. Performance Food Group Co has a 52 week low of $22.30 and a 52 week high of $35.25. The company has a market cap of $3,229.20, a PE ratio of 19.90, a P/E/G ratio of 0.93 and a beta of -0.12.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, February 7th. The restaurant operator reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.03. Performance Food Group had a net margin of 1.24% and a return on equity of 15.69%. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.35 billion. During the same quarter last year, the business earned $0.29 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. research analysts forecast that Performance Food Group Co will post 1.6 EPS for the current fiscal year.

In other Performance Food Group news, insider Craig Howard Hoskins sold 12,533 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $30.49, for a total transaction of $382,131.17. Following the completion of the transaction, the insider now directly owns 149,744 shares in the company, valued at approximately $4,565,694.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William F. Dawson, Jr. sold 6,272,914 shares of the firm’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $29.68, for a total transaction of $186,180,087.52. The disclosure for this sale can be found here. Insiders have sold a total of 11,285,447 shares of company stock valued at $326,712,219 over the last 90 days. 3.70% of the stock is currently owned by insiders.

Several research firms have recently commented on PFGC. Pivotal Research restated a “hold” rating and issued a $31.00 target price (down previously from $34.00) on shares of Performance Food Group in a research note on Thursday, February 8th. BMO Capital Markets reiterated a “buy” rating and issued a $37.00 price objective on shares of Performance Food Group in a research note on Wednesday, February 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of Performance Food Group in a research note on Tuesday, February 6th. Loop Capital raised their price objective on shares of Performance Food Group to $40.00 and gave the company a “positive” rating in a research note on Friday, February 2nd. Finally, Guggenheim reiterated a “buy” rating and issued a $39.00 price objective on shares of Performance Food Group in a research note on Sunday, January 28th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $33.44.

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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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