Performance Food Group (NYSE:PFGC) Insider Sells $92,862.00 in Stock

Performance Food Group Company (NYSE:PFGC) insider Chasity Grosh sold 1,005 shares of Performance Food Group stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $92.40, for a total value of $92,862.00. Following the completion of the sale, the insider directly owned 5,783 shares of the company’s stock, valued at approximately $534,349.20. This represents a 14.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Performance Food Group Stock Up 2.3%

Shares of NYSE:PFGC opened at $93.93 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 1.34. The firm has a market cap of $14.80 billion, a price-to-earnings ratio of 41.02, a PEG ratio of 1.17 and a beta of 0.87. The stock’s 50-day moving average price is $101.55 and its two-hundred day moving average price is $98.70. Performance Food Group Company has a 12-month low of $80.82 and a 12-month high of $117.47.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.01). Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The company had revenue of $18.03 billion for the quarter, compared to analysts’ expectations of $18.11 billion. During the same quarter in the previous year, the company earned $0.84 earnings per share. The company’s revenue was up 6.7% on a year-over-year basis. On average, research analysts forecast that Performance Food Group Company will post 5.6 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PFGC shares. Morgan Stanley upped their price objective on Performance Food Group from $120.00 to $131.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Citigroup boosted their price target on Performance Food Group from $143.00 to $144.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a report on Thursday, August 13th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Finally, Guggenheim increased their target price on shares of Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Twelve investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.40.

Institutional Trading of Performance Food Group

A number of hedge funds and other institutional investors have recently modified their holdings of PFGC. CX Institutional increased its holdings in Performance Food Group by 1.8% during the 3rd quarter. CX Institutional now owns 22,420 shares of the food distribution company’s stock worth $2,052,000 after purchasing an additional 394 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Performance Food Group by 29.1% during the 3rd quarter. Versant Capital Management Inc now owns 1,037 shares of the food distribution company’s stock valued at $95,000 after buying an additional 234 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Performance Food Group by 8.0% during the second quarter. QRG Capital Management Inc. now owns 6,636 shares of the food distribution company’s stock worth $742,000 after buying an additional 493 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Performance Food Group during the second quarter worth approximately $267,000. Finally, WINTON GROUP Ltd bought a new stake in shares of Performance Food Group in the second quarter worth $7,460,000. 96.87% of the stock is owned by hedge funds and other institutional investors.

About Performance Food Group

Performance Food Group Co (NYSE:PFGC) is a foodservice and convenience distribution company headquartered in Richmond, Virginia. Through its operating businesses, the company supplies food and related products to restaurants, foodservice operators, convenience stores and other commercial customers across the United States and Canada.

PFGC’s foodservice operations distribute a broad selection of center-of-the-plate foods, fresh and frozen products, produce, beverages, disposables, cleaning supplies and other restaurant essentials.