Performance Food Group (NYSE:PFGC) Insider Sells $641,655.00 in Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 6,111 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $105.00, for a total transaction of $641,655.00. Following the sale, the insider directly owned 44,260 shares of the company’s stock, valued at $4,647,300. The trade was a 12.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

A Brent King also recently made the following trade(s):

• On Tuesday, June 9th, A Brent King sold 3,322 shares of Performance Food Group stock. The shares were sold at an average price of $100.00, for a total transaction of $332,200.00.
• On Wednesday, June 10th, A Brent King sold 3,518 shares of Performance Food Group stock. The shares were sold at an average price of $100.00, for a total transaction of $351,800.00.
• On Monday, June 1st, A Brent King sold 5,641 shares of Performance Food Group stock. The shares were sold at an average price of $96.63, for a total transaction of $545,089.83.

Performance Food Group Price Performance

Shares of NYSE PFGC opened at $103.23 on Thursday. The firm has a 50-day simple moving average of $94.09 and a 200-day simple moving average of $92.48. The stock has a market capitalization of $16.22 billion, a price-to-earnings ratio of 49.16, a price-to-earnings-growth ratio of 1.64 and a beta of 0.93. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40. Performance Food Group Company has a 52 week low of $80.82 and a 52 week high of $109.05.

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

Analyst Ratings Changes

PFGC has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research report on Friday, March 27th. Barclays lifted their price target 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 lifted their price target 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 upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $123.00 price target on shares of Performance Food Group in a report on Thursday, May 7th. Ten 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $119.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PFGC. Cedar Mountain Advisors LLC purchased a new position in shares of Performance Food Group during the 1st quarter worth $28,000. Asset Planning Inc purchased a new position in shares of Performance Food Group during the 1st quarter worth $35,000. Torren Management LLC purchased a new position in shares of Performance Food Group during the 4th quarter worth $41,000. Lloyd Advisory Services LLC. purchased a new stake in Performance Food Group in the 4th quarter valued at about $43,000. Finally, Clearstead Advisors LLC raised its holdings in Performance Food Group by 132.9% in the 4th 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 during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

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.