Hugh Patrick Hatcher Sells 3,000 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group Company (NYSE:PFGCGet Free Report) insider Hugh Patrick Hatcher sold 3,000 shares of the stock in a transaction that occurred on Tuesday, May 12th. The stock was sold at an average price of $94.54, for a total value of $283,620.00. Following the sale, the insider directly owned 44,655 shares of the company’s stock, valued at $4,221,683.70. The trade was a 6.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Performance Food Group Stock Up 1.0%

Performance Food Group stock opened at $96.81 on Friday. 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 stock has a 50 day moving average of $88.26 and a two-hundred day moving average of $92.24. The stock has a market capitalization of $15.21 billion, a price-to-earnings ratio of 46.10, a PEG ratio of 1.50 and a beta of 0.92. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $109.05.

Performance Food Group (NYSE:PFGCGet Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, beating the consensus estimate 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 return on equity of 15.33% and a net margin of 0.49%.The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS. As a group, research analysts expect that Performance Food Group Company will post 4.57 earnings per share for the current year.

Hedge Funds Weigh In On Performance Food Group

Hedge funds have recently bought and sold shares of the company. AE Wealth Management LLC purchased a new position in Performance Food Group in the 3rd quarter valued at approximately $1,666,000. Strs Ohio increased its stake in Performance Food Group by 54.4% in the 3rd quarter. Strs Ohio now owns 149,751 shares of the food distribution company’s stock valued at $15,580,000 after purchasing an additional 52,734 shares in the last quarter. Maven Securities LTD purchased a new position in Performance Food Group in the 3rd quarter valued at approximately $2,589,000. Close Asset Management Ltd increased its stake in Performance Food Group by 7.5% in the 3rd quarter. Close Asset Management Ltd now owns 2,080,377 shares of the food distribution company’s stock valued at $216,536,000 after purchasing an additional 145,387 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Performance Food Group by 10.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 490,701 shares of the food distribution company’s stock valued at $44,124,000 after purchasing an additional 45,867 shares in the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PFGC. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a report on Friday, March 27th. Morgan Stanley reduced their price target on Performance Food Group from $123.00 to $120.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $123.00 price target on shares of Performance Food Group in a report on Thursday, May 7th. Barclays raised their price target on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Finally, Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $119.00.

Check Out Our Latest Stock Analysis on Performance Food Group

Performance Food Group Company Profile

(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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