Erika Davis Sells 1,529 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group Company (NYSE:PFGC) insider Erika Davis sold 1,529 shares of Performance Food Group stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $104.64, for a total value of $159,994.56. Following the transaction, the insider owned 52,963 shares in the company, valued at approximately $5,542,048.32. The trade was a 2.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Performance Food Group Stock Up 1.0%

Shares of NYSE:PFGC opened at $104.99 on Friday. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34. The business has a fifty day moving average of $110.09 and a two-hundred day moving average of $98.24. The stock has a market cap of $16.54 billion, a P/E ratio of 45.85, a PEG ratio of 1.34 and a beta of 0.91. Performance Food Group Company has a 52-week low of $80.82 and a 52-week high of $117.47.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, August 12th. The food distribution company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.01). The company had revenue of $18.03 billion for the quarter, compared to analysts’ expectations of $18.11 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 EPS. On average, research analysts expect that Performance Food Group Company will post 5.58 earnings per share for the current year.

Institutional Trading of Performance Food Group

Several institutional investors and hedge funds have recently bought and sold shares of PFGC. Cedar Mountain Advisors LLC acquired a new position in Performance Food Group in the first quarter valued at about $28,000. Asset Planning Inc acquired a new stake in shares of Performance Food Group during the first quarter valued at about $35,000. Torren Management LLC purchased a new stake in shares of Performance Food Group in the 4th quarter valued at approximately $41,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Performance Food Group in the 4th quarter valued at approximately $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Performance Food Group in the 2nd quarter worth approximately $51,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PFGC. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. BMO Capital Markets restated an “outperform” rating on shares of Performance Food Group in a report on Thursday, August 13th. UBS Group cut their price target on shares of Performance Food Group from $132.00 to $130.00 and set a “buy” rating for the company in a report on Friday, August 14th. Barclays lifted their price target on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Weiss Ratings upgraded Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Performance Food Group has an average rating of “Moderate Buy” and an average target price of $126.90.

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.