Curi RMB Capital LLC Invests $375,000 in Performance Food Group (NYSE:PFGC)

Curi RMB Capital LLC purchased a new stake in Performance Food Group (NYSE:PFGC) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,785 shares of the food distribution company’s stock, valued at approximately $375,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Blue Trust Inc. boosted its position in Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after buying an additional 242 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Performance Food Group during the third quarter valued at $26,000. Innealta Capital LLC bought a new position in Performance Food Group in the second quarter valued at about $30,000. Venturi Wealth Management LLC increased its position in Performance Food Group by 203.0% in the third quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock worth $32,000 after purchasing an additional 274 shares during the period. Finally, UMB Bank n.a. raised its holdings in Performance Food Group by 414.8% during the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after purchasing an additional 365 shares during the last quarter. Institutional investors and hedge funds own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

PFGC has been the topic of several recent research reports. BMO Capital Markets raised their target price on shares of Performance Food Group from $87.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, November 7th. StockNews.com lowered shares of Performance Food Group from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Wells Fargo & Company increased their price target on Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Jefferies Financial Group lifted their price objective on Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. Finally, Guggenheim increased their target price on Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Performance Food Group currently has a consensus rating of “Moderate Buy” and an average price target of $94.50.

Insider Transactions at Performance Food Group

In other news, insider George L. Holm sold 63,500 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $73.53, for a total transaction of $4,669,155.00. Following the completion of the transaction, the insider now directly owns 531,556 shares of the company’s stock, valued at $39,085,312.68. This represents a 10.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kimberly Grant sold 4,000 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $73.61, for a total value of $294,440.00. Following the transaction, the director now owns 10,184 shares of the company’s stock, valued at approximately $749,644.24. The trade was a 28.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 100,500 shares of company stock valued at $7,426,075 over the last quarter. Corporate insiders own 2.80% of the company’s stock.

Performance Food Group Stock Down 3.0 %

NYSE:PFGC opened at $83.20 on Friday. Performance Food Group has a 1 year low of $61.29 and a 1 year high of $89.00. The stock has a 50-day moving average price of $80.06 and a two-hundred day moving average price of $72.73. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 30.70, a PEG ratio of 0.92 and a beta of 1.44. The company has a current ratio of 1.70, a quick ratio of 0.73 and a debt-to-equity ratio of 1.12.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). The business had revenue of $15.42 billion during the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. Performance Food Group’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.15 earnings per share. As a group, equities analysts expect that Performance Food Group will post 4.71 earnings per share for the current year.

Performance Food Group Company 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.