Performance Food Group (NYSE:PFGC) Insider Sells $138,982.80 in Stock

Performance Food Group Company (NYSE:PFGC) insider Erika Davis sold 1,320 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $105.29, for a total value of $138,982.80. Following the transaction, the insider owned 40,402 shares in the company, valued at approximately $4,253,926.58. The trade was a 3.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Performance Food Group Price Performance

Shares of Performance Food Group stock opened at $102.20 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67. Performance Food Group Company has a one year low of $80.82 and a one year high of $117.47. The business’s 50 day simple moving average is $110.09 and its two-hundred day simple moving average is $98.57. The stock has a market capitalization of $16.10 billion, a P/E ratio of 44.63, a price-to-earnings-growth ratio of 1.32 and a beta of 0.91.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The company had revenue of $18.03 billion for the quarter, compared to analysts’ expectations of $18.11 billion. During the same period last year, the company posted $0.84 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Analysts forecast that Performance Food Group Company will post 5.58 EPS for the current year.

Institutional Trading of Performance Food Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its holdings in Performance Food Group by 30.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 791,881 shares of the food distribution company’s stock worth $62,266,000 after purchasing an additional 184,066 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of Performance Food Group during the 1st quarter valued at about $359,000. EverSource Wealth Advisors LLC increased its position in shares of Performance Food Group by 440.2% during the second quarter. EverSource Wealth Advisors LLC now owns 659 shares of the food distribution company’s stock valued at $58,000 after buying an additional 537 shares during the period. Marshall Wace LLP purchased a new position in shares of Performance Food Group during the second quarter valued at about $230,000. Finally, Qube Research & Technologies Ltd increased its position in shares of Performance Food Group by 499.5% during the second quarter. Qube Research & Technologies Ltd now owns 328,849 shares of the food distribution company’s stock valued at $28,764,000 after buying an additional 273,997 shares during the period. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on PFGC shares. Barclays raised their price target on shares of Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Guggenheim upped their price objective on shares of Performance Food Group from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, June 29th. UBS Group dropped their target price 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. Morgan Stanley raised their target price on Performance Food Group from $120.00 to $131.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, Wells Fargo & Company boosted their price target on Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.