Bryce Point Capital LLC Trims Stake in Performance Food Group Company $PFGC

Bryce Point Capital LLC reduced its holdings in shares of Performance Food Group Company (NYSE:PFGC) by 12.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,505 shares of the food distribution company’s stock after selling 1,380 shares during the period. Bryce Point Capital LLC’s holdings in Performance Food Group were worth $831,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PFGC. Valeo Financial Advisors LLC increased its holdings in Performance Food Group by 6.9% during the first quarter. Valeo Financial Advisors LLC now owns 3,260 shares of the food distribution company’s stock valued at $256,000 after buying an additional 209 shares during the last quarter. Cerity Partners LLC boosted its position in shares of Performance Food Group by 196.4% in the first quarter. Cerity Partners LLC now owns 174,789 shares of the food distribution company’s stock worth $13,744,000 after purchasing an additional 115,818 shares during the period. State of Michigan Retirement System boosted its position in shares of Performance Food Group by 1.4% in the first quarter. State of Michigan Retirement System now owns 37,403 shares of the food distribution company’s stock worth $2,941,000 after purchasing an additional 500 shares during the period. Xponance Inc. boosted its position in shares of Performance Food Group by 1.6% in the first quarter. Xponance Inc. now owns 20,748 shares of the food distribution company’s stock worth $1,631,000 after purchasing an additional 332 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in shares of Performance Food Group by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 43,800 shares of the food distribution company’s stock worth $3,444,000 after purchasing an additional 600 shares during the period. 96.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Performance Food Group

In other Performance Food Group news, insider A Brent King sold 9,136 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $100.51, for a total transaction of $918,259.36. Following the completion of the transaction, the insider owned 66,540 shares in the company, valued at $6,687,935.40. This trade represents a 12.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Hugh Patrick Hatcher sold 5,000 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $105.07, for a total transaction of $525,350.00. Following the transaction, the insider owned 47,655 shares of the company’s stock, valued at $5,007,110.85. This trade represents a 9.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 42,768 shares of company stock worth $4,373,921 over the last three months. 4.50% of the stock is owned by company insiders.

Performance Food Group Stock Up 1.2%

Shares of PFGC stock opened at $97.91 on Tuesday. The stock has a market cap of $15.35 billion, a P/E ratio of 45.12, a PEG ratio of 1.11 and a beta of 1.09. Performance Food Group Company has a 52 week low of $68.39 and a 52 week high of $109.05. The company has a quick ratio of 0.72, a current ratio of 1.58 and a debt-to-equity ratio of 1.51. The company’s fifty day simple moving average is $102.55 and its two-hundred day simple moving average is $94.62.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.45 by $0.10. Performance Food Group had a net margin of 0.54% and a return on equity of 16.23%. The business had revenue of $16.94 billion for the quarter, compared to analysts’ expectations of $16.85 billion. During the same quarter in the previous year, the company earned $1.45 EPS. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. Analysts predict that Performance Food Group Company will post 4.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PFGC shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Performance Food Group in a research report on Wednesday, October 8th. Truist Financial upped their price target on shares of Performance Food Group from $101.00 to $118.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Barclays dropped their price target on shares of Performance Food Group from $120.00 to $118.00 and set an “overweight” rating for the company in a research report on Wednesday, October 22nd. UBS Group upped their price target on shares of Performance Food Group from $110.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, August 14th. Finally, Piper Sandler upgraded shares of Performance Food Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $90.00 to $114.00 in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $112.45.

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.