Performance Food Group (NYSE:PFGC) Insider Sells $545,089.83 in Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 5,641 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $96.63, for a total value of $545,089.83. Following the completion of the transaction, the insider directly owned 57,211 shares in the company, valued at $5,528,298.93. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Performance Food Group Price Performance

Shares of PFGC traded down $1.32 on Tuesday, hitting $96.19. The company’s stock had a trading volume of 1,604,780 shares, compared to its average volume of 1,860,829. The company has a market capitalization of $15.11 billion, a PE ratio of 45.67, a PEG ratio of 1.54 and a beta of 0.93. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.68. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $109.05. The company has a 50 day moving average price of $90.24 and a 200 day moving average price of $92.07.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.77 by $0.03. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The business had revenue of $16.29 billion for the quarter, compared to the consensus estimate of $16.17 billion. During the same period in the previous year, the business earned $0.79 EPS. Performance Food Group’s revenue was up 6.4% compared to the same quarter last year. On average, research analysts anticipate that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Performance Food Group

Hedge funds have recently modified their holdings of the stock. Cedar Mountain Advisors LLC bought a new position in Performance Food Group during the first quarter worth about $28,000. Asset Planning Inc acquired a new stake in Performance Food Group during the first quarter worth approximately $35,000. Torren Management LLC acquired a new stake in shares of Performance Food Group in the fourth quarter valued at approximately $41,000. Lloyd Advisory Services LLC. acquired a new stake in shares of Performance Food Group in the fourth quarter valued at approximately $43,000. Finally, Clearstead Advisors LLC raised its position in shares of Performance Food Group by 132.9% in the fourth quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock valued at $53,000 after buying an additional 335 shares in the last quarter. Institutional investors own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

PFGC has been the topic of several research reports. Barclays upped their price objective on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Citigroup upped their price objective on Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, February 5th. Finally, Morgan Stanley decreased their target price on Performance Food Group from $123.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $119.00.

Performance Food Group Company Profile

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.