GAMMA Investing LLC buys 349 shares of Performance Food Group (NYSE:PFGC)

GAMMA Investing LLC increased its holdings in Performance Food Group (NYSE:PFGC – Free Report) by 65.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 884 shares of the food distribution company’s stock after acquiring an additional 349 shares during the period. GAMMA Investing LLC’s holdings in Performance Food Group were worth $58,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the company. Rise Advisors LLC acquired a new stake in Performance Food Group in the first quarter valued at about $29,000. Signaturefd LLC increased its holdings in Performance Food Group by 38.8% in the fourth quarter. Signaturefd LLC now owns 512 shares of the food distribution company’s stock valued at $35,000 after acquiring an additional 143 shares in the last quarter. Mather Group LLC. acquired a new stake in shares of Performance Food Group in the first quarter valued at about $44,000. Headlands Technologies LLC acquired a new stake in shares of Performance Food Group in the fourth quarter valued at $48,000. Finally, Principal Securities Inc. acquired a new stake in shares of Performance Food Group in the fourth quarter valued at $87,000. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group: Close of trading up 0.4%

PFGC stock rose $0.27 in midday trading on Friday, reaching $65.33. The trading volume of the company’s shares was 638,361 shares, compared to its average volume of 1,056,667. The company has a market cap of $10.17 billion, a price-to-earnings ratio of 24.38, a PEG ratio of 0.85 and a beta of 1.42. Performance Food Group has a 1-year low of $52.92 and a 1-year high of $78.54. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.77 and a current ratio of 1.64. The stock has a 50-day simple moving average of $66.53 and a 200-day simple moving average of $70.40.

Performance Food Group (NYSE:PFGC – Get Free Report) last released its quarterly earnings results on Wednesday, May 8. The food distribution company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.03). The company had revenue of $13.86 billion for the quarter, compared to the consensus estimate of $14.10 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.22%. The company’s quarterly revenue grew 0.6% compared to the year-ago quarter. In the same quarter last year, the company posted earnings per share of $0.83. On average, equities analysts forecast that Performance Food Group will post earnings per share of $4.2 for the current year.

Wall Street analysts predict growth

Several equities analysts have issued reports on PFGC shares. Morgan Stanley lowered their price target on Performance Food Group from $80.00 to $76.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 16. Barclays lowered their price target on Performance Food Group from $86.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, May 9. Finally, StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a report on Tuesday, June 11. One equities analyst has rated the stock with a “hold” rating and seven have assigned a “buy” rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “moderate buy” and a consensus price target of $80.57.

Read our latest research report on the Performance Food Group

Profile of the Performance Food Group

(Free report)

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates in three segments: Foodservice, Vistar and Convenience. The company offers a line of frozen foods, groceries, candy, snack foods, beverages, cigarettes and other tobacco products, beef, pork, poultry and seafood, and health and beauty care products.