Performance Food Group Co (NYSE:PFGC) insider Patrick T. Hagerty sold 8,083 shares of the stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $33.20, for a total transaction of $268,355.60. Following the transaction, the insider now directly owns 182,450 shares in the company, valued at approximately $6,057,340. The transaction was disclosed in a filing with the SEC, which is available through this link.

NYSE PFGC traded up $0.70 during trading hours on Friday, hitting $34.75. The company’s stock had a trading volume of 714,141 shares, compared to its average volume of 864,420. Performance Food Group Co has a 52 week low of $26.35 and a 52 week high of $39.45. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 0.98 and a beta of 0.28. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.78 and a current ratio of 1.50.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, August 15th. The restaurant operator reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.07). Performance Food Group had a net margin of 1.13% and a return on equity of 15.58%. The business had revenue of $4.59 billion during the quarter, compared to the consensus estimate of $4.66 billion. During the same period in the previous year, the business posted $0.48 EPS. Performance Food Group’s revenue was up 3.7% compared to the same quarter last year. sell-side analysts predict that Performance Food Group Co will post 1.74 EPS for the current year.

A number of equities analysts have recently issued reports on PFGC shares. Wells Fargo & Co increased their price objective on shares of Performance Food Group from $40.00 to $46.00 and gave the stock a “$38.15” rating in a research report on Wednesday, July 18th. Guggenheim reissued a “buy” rating and set a $43.00 price objective on shares of Performance Food Group in a research report on Friday, July 20th. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Friday, July 20th. Loop Capital increased their price objective on shares of Performance Food Group to $47.00 and gave the stock a “buy” rating in a research report on Thursday, July 19th. Finally, ValuEngine raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $38.40.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Brown Advisory Inc. purchased a new stake in Performance Food Group in the 1st quarter valued at about $200,000. Sciencast Management LP purchased a new stake in Performance Food Group in the 1st quarter valued at about $212,000. WINTON GROUP Ltd purchased a new stake in Performance Food Group in the 2nd quarter valued at about $219,000. NumerixS Investment Technologies Inc increased its stake in Performance Food Group by 57.5% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the restaurant operator’s stock valued at $234,000 after buying an additional 2,300 shares during the last quarter. Finally, West Branch Capital LLC purchased a new stake in Performance Food Group in the 1st quarter valued at about $236,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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 in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, such as meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as seafood products, shortenings and oils, baked goods, and salad dressings.

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