Chasity Grosh Sells 643 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group Company (NYSE:PFGCGet Free Report) insider Chasity Grosh sold 643 shares of the firm’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $104.42, for a total transaction of $67,142.06. Following the completion of the transaction, the insider directly owned 7,222 shares of the company’s stock, valued at approximately $754,121.24. The trade was a 8.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Performance Food Group Price Performance

Shares of Performance Food Group stock traded up $0.91 during trading on Monday, hitting $105.89. The stock had a trading volume of 1,314,810 shares, compared to its average volume of 1,969,529. The firm has a market cap of $16.68 billion, a price-to-earnings ratio of 46.24, a P/E/G ratio of 1.35 and a beta of 0.91. Performance Food Group Company has a 12 month low of $80.82 and a 12 month high of $117.47. The business’s 50-day moving average is $110.09 and its 200 day moving average is $98.26. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 1.34.

Performance Food Group (NYSE:PFGCGet Free Report) last announced its earnings results 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). The business had revenue of $18.03 billion during the quarter, compared to the consensus estimate of $18.11 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.Performance Food Group’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.84 earnings per share. As a group, sell-side analysts anticipate that Performance Food Group Company will post 5.58 earnings per share for the current year.

Institutional Investors Weigh In On Performance Food Group

A number of hedge funds have recently made changes to their positions in the business. Cedar Mountain Advisors LLC purchased a new stake in shares of Performance Food Group in the 1st quarter valued at $28,000. Asset Planning Inc purchased a new position in Performance Food Group in the 1st quarter worth $35,000. Torren Management LLC bought a new stake in Performance Food Group in the fourth quarter worth $41,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Performance Food Group in the second quarter worth $51,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in Performance Food Group during the fourth quarter valued at about $43,000. 96.87% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PFGC. Barclays lifted their target price on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Citigroup lifted their price objective on shares of Performance Food Group from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Wells Fargo & Company increased their target price on Performance Food Group from $115.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Finally, Weiss Ratings raised Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, August 13th. Eleven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $126.90.

View Our Latest Stock Analysis on PFGC

About Performance Food Group

(Get Free Report)

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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Insider Buying and Selling by Quarter for Performance Food Group (NYSE:PFGC)

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