Commerce Bank acquired a new stake in Performance Food Group Company (NYSE:PFGC) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,215 shares of the restaurant operator’s stock, valued at approximately $430,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new position in Performance Food Group in the second quarter valued at $118,000. Public Employees Retirement System of Ohio increased its stake in Performance Food Group by 37.2% in the first quarter. Public Employees Retirement System of Ohio now owns 4,603 shares of the restaurant operator’s stock valued at $110,000 after purchasing an additional 1,247 shares during the period. Strs Ohio increased its stake in Performance Food Group by 4,700.0% in the third quarter. Strs Ohio now owns 4,800 shares of the restaurant operator’s stock valued at $135,000 after purchasing an additional 4,700 shares during the period. Pacad Investment Ltd. increased its stake in Performance Food Group by 880.0% in the second quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock valued at $134,000 after purchasing an additional 4,400 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new position in Performance Food Group in the second quarter valued at $141,000. Institutional investors own 82.16% of the company’s stock.

A number of research analysts have commented on the stock. Wells Fargo & Company restated a “buy” rating on shares of Performance Food Group in a research note on Tuesday, August 8th. BidaskClub lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Royal Bank Of Canada set a $27.00 price target on shares of Performance Food Group and gave the stock a “hold” rating in a research note on Tuesday, August 15th. BMO Capital Markets set a $30.00 price target on shares of Performance Food Group and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Morgan Stanley boosted their price target on shares of Performance Food Group from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $30.88.

Performance Food Group Company (PFGC) opened at $28.45 on Wednesday. Performance Food Group Company has a one year low of $19.95 and a one year high of $29.90. The company has a current ratio of 1.55, a quick ratio of 0.80 and a debt-to-equity ratio of 1.42. The stock has a market cap of $3,055.43, a PE ratio of 22.29, a PEG ratio of 1.12 and a beta of -0.28.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. Performance Food Group had a net margin of 0.62% and a return on equity of 15.02%. The business had revenue of $4.37 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same period in the previous year, the business posted $0.20 earnings per share. The business’s revenue was up 7.9% compared to the same quarter last year. research analysts predict that Performance Food Group Company will post 1.45 EPS for the current year.

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In other Performance Food Group news, insider James D. Hope purchased 3,575 shares of Performance Food Group stock in a transaction on Friday, August 25th. The shares were bought at an average price of $26.99 per share, with a total value of $96,489.25. Following the completion of the acquisition, the insider now directly owns 65,480 shares of the company’s stock, valued at $1,767,305.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Craig Howard Hoskins sold 4,450 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $27.81, for a total transaction of $123,754.50. Following the completion of the sale, the insider now directly owns 175,993 shares in the company, valued at approximately $4,894,365.33. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Performance Food Group 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.

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

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