Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells 3,000 Shares of Stock

Performance Food Group Company (NYSE:PFGC) insider Hugh Patrick Hatcher sold 3,000 shares of Performance Food Group stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $94.54, for a total transaction of $283,620.00. Following the transaction, the insider directly owned 44,655 shares of the company’s stock, valued at $4,221,683.70. This represents a 6.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Performance Food Group Price Performance

PFGC stock traded up $0.90 during trading on Wednesday, hitting $95.93. 1,636,247 shares of the stock traded hands, compared to its average volume of 2,212,403. Performance Food Group Company has a one year low of $80.82 and a one year high of $109.05. The stock has a market cap of $15.07 billion, a price-to-earnings ratio of 45.68, a P/E/G ratio of 1.47 and a beta of 0.92. The company has a 50 day simple moving average of $88.16 and a 200 day simple moving average of $92.31. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The firm had revenue of $16.29 billion during the quarter, compared to the consensus estimate of $16.17 billion. During the same period last year, the firm posted $0.79 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts expect that Performance Food Group Company will post 4.57 EPS for the current fiscal year.

Institutional Investors Weigh In On Performance Food Group

Several institutional investors have recently modified their holdings of PFGC. Cedar Mountain Advisors LLC acquired a new stake in shares of Performance Food Group during the 1st quarter worth approximately $28,000. Asset Planning Inc acquired a new stake in shares of Performance Food Group during the 1st quarter worth approximately $35,000. Root Financial Partners LLC acquired a new stake in shares of Performance Food Group during the 3rd quarter worth approximately $39,000. Torren Management LLC acquired a new stake in shares of Performance Food Group during the 4th quarter worth approximately $41,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Performance Food Group during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on PFGC shares. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a report on Friday, March 27th. UBS Group dropped their target price on shares of Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $123.00 target price on shares of Performance Food Group in a research note on Thursday, May 7th. Barclays boosted their target price on shares of Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Citigroup boosted their target price on shares of Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and a consensus price target of $119.00.

About Performance Food Group

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.