Laurion Capital Management LP Acquires New Position in Performance Food Group Co (PFGC)

Laurion Capital Management LP bought a new stake in shares of Performance Food Group Co (NYSE:PFGC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 21,600 shares of the restaurant operator’s stock, valued at approximately $514,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PFGC. Fuller & Thaler Asset Management Inc. bought a new position in shares of Performance Food Group during the third quarter valued at $151,000. Great West Life Assurance Co. Can increased its position in shares of Performance Food Group by 187.0% in the first quarter. Great West Life Assurance Co. Can now owns 6,600 shares of the restaurant operator’s stock valued at $156,000 after buying an additional 4,300 shares during the period. Advisors Asset Management Inc. increased its position in shares of Performance Food Group by 85.2% in the first quarter. Advisors Asset Management Inc. now owns 8,058 shares of the restaurant operator’s stock valued at $192,000 after buying an additional 3,706 shares during the period. WFG Advisors LP increased its position in shares of Performance Food Group by 498,700.0% in the fourth quarter. WFG Advisors LP now owns 4,988 shares of the restaurant operator’s stock valued at $248,000 after buying an additional 4,987 shares during the period. Finally, Karp Capital Management Corp bought a new position in shares of Performance Food Group during the first quarter valued at $258,000. Institutional investors own 80.99% of the company’s stock.

Institutional Ownership by Quarter for Performance Food Group (NYSE:PFGC)

Performance Food Group Co (NYSE PFGC) traded down 0.35% during mid-day trading on Friday, hitting $28.10. The company had a trading volume of 416,908 shares. Performance Food Group Co has a 52-week low of $19.95 and a 52-week high of $29.12. The firm has a market cap of $2.92 billion, a P/E ratio of 33.73 and a beta of -0.63. The stock’s 50 day moving average price is $26.89 and its 200 day moving average price is $24.15.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, May 10th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. Performance Food Group had a net margin of 0.49% and a return on equity of 9.62%. The company had revenue of $4.24 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same quarter in the previous year, the company posted $0.15 earnings per share. Performance Food Group’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts predict that Performance Food Group Co will post $1.26 EPS for the current fiscal year.

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A number of analysts recently weighed in on the company. Royal Bank of Canada set a $27.00 price target on Performance Food Group and gave the company a “hold” rating in a research note on Tuesday, May 16th. Jefferies Group LLC restated a “hold” rating on shares of Performance Food Group in a research note on Tuesday, May 16th. Loop Capital assumed coverage on Performance Food Group in a research note on Monday, May 15th. They issued a “buy” rating and a $35.00 price target on the stock. Barclays PLC restated a “hold” rating and issued a $28.00 price target on shares of Performance Food Group in a research note on Friday, May 12th. Finally, Zacks Investment Research upgraded Performance Food Group from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Friday, May 12th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $28.33.

In other Performance Food Group news, insider Craig Howard Hoskins sold 7,600 shares of Performance Food Group stock in a transaction on Friday, May 19th. The shares were sold at an average price of $27.66, for a total transaction of $210,216.00. Following the completion of the sale, the insider now owns 183,581 shares of the company’s stock, valued at approximately $5,077,850.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Holdings L.P. Blackstone III sold 13,700,465 shares of Performance Food Group stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $27.41, for a total transaction of $375,529,745.65. The disclosure for this sale can be found here. Insiders sold a total of 13,810,265 shares of company stock valued at $378,625,068 in the last 90 days. 3.50% of the stock is currently owned by corporate insiders.

About Performance Food Group

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “PFGC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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