Benjamin Edwards Inc. Grows Holdings in Performance Food Group (NYSE:PFGC)

Benjamin Edwards Inc. grew its holdings in shares of Performance Food Group (NYSE:PFGC) by 7,530.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,060 shares of the food distribution company’s stock after buying an additional 20,784 shares during the quarter. Benjamin Edwards Inc.’s holdings in Performance Food Group were worth $1,456,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in PFGC. GAMMA Investing LLC bought a new stake in Performance Food Group during the fourth quarter valued at $29,000. McGlone Suttner Wealth Management Inc. bought a new stake in shares of Performance Food Group during the 4th quarter valued at about $29,000. Signaturefd LLC raised its stake in Performance Food Group by 38.8% during the fourth quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock worth $35,000 after acquiring an additional 143 shares during the period. Headlands Technologies LLC bought a new position in Performance Food Group in the fourth quarter worth about $48,000. Finally, Fifth Third Bancorp boosted its stake in Performance Food Group by 50.4% in the third quarter. Fifth Third Bancorp now owns 821 shares of the food distribution company’s stock valued at $48,000 after acquiring an additional 275 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

Performance Food Group Price Performance

Performance Food Group stock traded up $0.56 during trading hours on Thursday, hitting $68.99. 265,035 shares of the company traded hands, compared to its average volume of 930,509. The firm’s 50-day simple moving average is $73.25 and its two-hundred day simple moving average is $68.78. The firm has a market cap of $10.73 billion, a P/E ratio of 24.97, a P/E/G ratio of 0.93 and a beta of 1.39. Performance Food Group has a 1-year low of $52.92 and a 1-year high of $78.54. The company has a quick ratio of 0.75, a current ratio of 1.71 and a debt-to-equity ratio of 1.05.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, February 7th. The food distribution company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The company had revenue of $14.30 billion for the quarter, compared to analyst estimates of $14.20 billion. Performance Food Group had a net margin of 0.74% and a return on equity of 16.77%. Performance Food Group’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 EPS. As a group, analysts forecast that Performance Food Group will post 4.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PFGC has been the topic of a number of research reports. StockNews.com raised Performance Food Group from a “hold” rating to a “buy” rating in a report on Thursday, February 8th. Stephens raised their target price on Performance Food Group from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Thursday, February 8th. Morgan Stanley upped their price target on shares of Performance Food Group from $78.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, April 12th. BMO Capital Markets lifted their price objective on shares of Performance Food Group from $78.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, February 8th. Finally, Barclays upped their target price on shares of Performance Food Group from $78.00 to $86.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Performance Food Group currently has an average rating of “Moderate Buy” and a consensus price target of $81.25.

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.