MQS Management LLC Buys Shares of 3,094 Performance Food Group Company $PFGC

MQS Management LLC bought a new stake in shares of Performance Food Group Company (NYSE:PFGC) in the second quarter, Holdings Channel reports. The fund bought 3,094 shares of the food distribution company’s stock, valued at approximately $271,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PFGC. Victory Capital Management Inc. increased its stake in shares of Performance Food Group by 59.3% during the first quarter. Victory Capital Management Inc. now owns 6,229,169 shares of the food distribution company’s stock valued at $489,800,000 after purchasing an additional 2,318,763 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Performance Food Group by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company’s stock valued at $407,922,000 after purchasing an additional 1,503,703 shares in the last quarter. Nuveen LLC bought a new position in shares of Performance Food Group during the first quarter valued at approximately $69,456,000. Bain Capital Public Equity Management II LLC increased its stake in shares of Performance Food Group by 14.1% during the first quarter. Bain Capital Public Equity Management II LLC now owns 2,377,994 shares of the food distribution company’s stock valued at $186,982,000 after purchasing an additional 293,837 shares in the last quarter. Finally, Woodline Partners LP bought a new position in shares of Performance Food Group during the first quarter valued at approximately $20,030,000. Institutional investors own 96.87% of the company’s stock.

Performance Food Group Trading Down 0.4%

Shares of Performance Food Group stock opened at $99.86 on Tuesday. The company’s fifty day simple moving average is $102.81 and its 200-day simple moving average is $93.71. The stock has a market capitalization of $15.66 billion, a PE ratio of 46.02, a P/E/G ratio of 1.13 and a beta of 1.09. Performance Food Group Company has a 1-year low of $68.39 and a 1-year high of $109.05. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.58 and a quick ratio of 0.72.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.10. The business had revenue of $16.94 billion for the quarter, compared to analysts’ expectations of $16.85 billion. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.45 EPS. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities analysts anticipate that Performance Food Group Company will post 4.58 earnings per share for the current year.

Insider Buying and Selling at Performance Food Group

In other news, insider Erika T. Davis sold 4,316 shares of Performance Food Group stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $100.52, for a total transaction of $433,844.32. Following the transaction, the insider owned 55,373 shares in the company, valued at $5,566,093.96. This trade represents a 7.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Donald S. Bulmer sold 4,348 shares of Performance Food Group stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $100.52, for a total transaction of $437,060.96. Following the transaction, the insider owned 58,526 shares in the company, valued at $5,883,033.52. This represents a 6.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,768 shares of company stock worth $4,373,921. 4.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wells Fargo & Company raised their target price on shares of Performance Food Group from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, August 13th. UBS Group raised their price target on shares of Performance Food Group from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, August 14th. Guggenheim reissued a “buy” rating and set a $115.00 price target on shares of Performance Food Group in a research report on Tuesday, August 26th. Piper Sandler raised shares of Performance Food Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $90.00 to $114.00 in a research report on Tuesday, September 2nd. Finally, Sanford C. Bernstein started coverage on shares of Performance Food Group in a research report on Wednesday, October 22nd. They set an “outperform” rating and a $130.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $112.45.

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.