Atlas Capital Advisors Inc. Sells 162 Shares of Performance Food Group (NYSE:PFGC)

Atlas Capital Advisors Inc. lessened its position in shares of Performance Food Group (NYSE:PFGC) by 29.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 392 shares of the food distribution company’s stock after selling 162 shares during the period. Atlas Capital Advisors Inc.’s holdings in Performance Food Group were worth $33,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of PFGC. Victory Capital Management Inc. grew its holdings in Performance Food Group by 154.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company’s stock worth $330,625,000 after acquiring an additional 2,371,818 shares during the period. Norges Bank acquired a new stake in Performance Food Group during the fourth quarter worth approximately $164,471,000. JPMorgan Chase & Co. grew its stake in Performance Food Group by 11.8% during the third quarter. JPMorgan Chase & Co. now owns 3,812,602 shares of the food distribution company’s stock worth $298,794,000 after purchasing an additional 401,235 shares during the period. TimesSquare Capital Management LLC increased its holdings in Performance Food Group by 658.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 460,105 shares of the food distribution company’s stock worth $38,902,000 after purchasing an additional 399,430 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in Performance Food Group by 134.7% in the fourth quarter. Assenagon Asset Management S.A. now owns 646,544 shares of the food distribution company’s stock valued at $54,665,000 after buying an additional 371,078 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

PFGC has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on shares of Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 21st. Barclays decreased their price target on shares of Performance Food Group from $103.00 to $102.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. StockNews.com cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Melius Research raised Performance Food Group to a “hold” rating in a research report on Wednesday, December 18th. Finally, Piper Sandler cut Performance Food Group from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $92.00 to $90.00 in a research note on Friday, February 7th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $95.73.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $73.39 on Friday. The company has a current ratio of 1.67, a quick ratio of 0.72 and a debt-to-equity ratio of 1.56. The stock has a market cap of $11.46 billion, a PE ratio of 29.59, a price-to-earnings-growth ratio of 0.96 and a beta of 1.40. The stock’s fifty day simple moving average is $82.19 and its two-hundred day simple moving average is $83.46. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $92.44.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, February 5th. The food distribution company reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. As a group, analysts forecast that Performance Food Group will post 4.58 EPS for the current fiscal year.

About Performance Food Group

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.