A Brent King Sells 3,322 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 3,322 shares of Performance Food Group stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $100.00, for a total transaction of $332,200.00. Following the sale, the insider owned 53,889 shares of the company’s stock, valued at approximately $5,388,900. This represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

A Brent King also recently made the following trade(s):

• On Wednesday, June 10th, A Brent King sold 3,518 shares of Performance Food Group stock. The shares were sold at an average price of $100.00, for a total transaction of $351,800.00.
• On Monday, June 1st, A Brent King sold 5,641 shares of Performance Food Group stock. The shares were sold at an average price of $96.63, for a total transaction of $545,089.83.

Performance Food Group Trading Up 1.0%

Shares of PFGC traded up $1.00 during trading on Wednesday, reaching $100.76. 1,854,693 shares of the company traded hands, compared to its average volume of 2,100,974. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $109.05. The stock has a market cap of $15.83 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. The stock has a 50-day simple moving average of $92.15 and a 200-day simple moving average of $92.20. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The business had revenue of $16.29 billion during the quarter, compared to analysts’ expectations of $16.17 billion. During the same period last year, the business earned $0.79 earnings per share. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts anticipate that Performance Food Group Company will post 4.57 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $123.00 price objective on shares of Performance Food Group in a research note on Thursday, May 7th. Zacks Research raised shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Barclays raised their price objective on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a report on Friday, March 27th. Finally, Citigroup upped their price target on Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $119.00.

Institutional Investors Weigh In On Performance Food Group

Large investors have recently modified their holdings of the company. Cedar Mountain Advisors LLC acquired a new stake in shares of Performance Food Group in the 1st quarter valued at $28,000. Asset Planning Inc acquired a new stake in Performance Food Group in the first quarter valued at $35,000. Torren Management LLC acquired a new stake in Performance Food Group in the fourth quarter valued at $41,000. Lloyd Advisory Services LLC. purchased a new stake in Performance Food Group during the 4th quarter worth about $43,000. Finally, Clearstead Advisors LLC lifted its holdings in Performance Food Group by 132.9% during the 4th quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock worth $53,000 after buying an additional 335 shares during the last quarter. 96.87% of the stock is owned by hedge funds and other institutional investors.

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.