Performance Food Group Company (NYSE:PFGC – Get Free Report) insider A Brent King sold 5,641 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $96.63, for a total transaction of $545,089.83. Following the completion of the sale, the insider owned 57,211 shares in the company, valued at approximately $5,528,298.93. This trade represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Performance Food Group Stock Down 2.7%
Shares of NYSE:PFGC opened at $93.94 on Friday. The company has a market cap of $14.76 billion, a price-to-earnings ratio of 44.73, a PEG ratio of 1.51 and a beta of 0.93. Performance Food Group Company has a 12 month low of $80.82 and a 12 month high of $109.05. The company has a current ratio of 1.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average price of $91.01 and a 200 day moving average price of $92.07.
Performance Food Group (NYSE:PFGC – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The company had revenue of $16.29 billion for the quarter, compared to analysts’ expectations of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 earnings per share. As a group, equities research analysts predict that Performance Food Group Company will post 4.57 earnings per share for the current year.
Institutional Investors Weigh In On Performance Food Group
Analyst Upgrades and Downgrades
A number of research firms have weighed in on PFGC. Citigroup boosted their price objective on shares of Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Performance Food Group in a report on Thursday, February 5th. Barclays increased their price objective on shares of Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. UBS Group dropped their target price on Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Ten 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, Performance Food Group has a consensus rating of “Moderate Buy” and an average price target of $119.00.
Get Our Latest Stock Report on Performance Food Group
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.
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