Performance Food Group (NYSE:PFGC) Insider Chasity Grosh Sells 838 Shares of Stock

Performance Food Group Company (NYSE:PFGC) insider Chasity Grosh sold 838 shares of Performance Food Group stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $104.64, for a total transaction of $87,688.32. Following the sale, the insider owned 8,142 shares of the company’s stock, valued at $851,978.88. The trade was a 9.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Performance Food Group Price Performance

Performance Food Group stock opened at $104.05 on Friday. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67. The stock has a market cap of $16.39 billion, a price-to-earnings ratio of 45.44, a price-to-earnings-growth ratio of 1.33 and a beta of 0.91. The firm has a 50-day moving average of $110.08 and a two-hundred day moving average of $98.19. Performance Food Group Company has a 1 year low of $80.82 and a 1 year high of $117.47.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, August 12th. The food distribution company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates 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 period last year, the business posted $0.84 earnings per share. The business’s revenue was up 6.7% compared to the same quarter last year. On average, research analysts forecast that Performance Food Group Company will post 5.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

PFGC has been the topic of several research reports. Barclays raised their price objective on Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. Citigroup upped their target price on Performance Food Group from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Weiss Ratings raised Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $133.00 price target on shares of Performance Food Group in a research note on Thursday, August 13th. Finally, Guggenheim lifted their price objective on Performance Food Group from $115.00 to $125.00 and gave the company a “buy” rating in a report on Monday, June 29th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $126.90.

Hedge Funds Weigh In On Performance Food Group

Large investors have recently bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Performance Food Group by 0.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,362 shares of the food distribution company’s stock worth $3,372,000 after acquiring an additional 121 shares in the last quarter. HB Wealth Management LLC boosted its position in Performance Food Group by 3.8% during the first quarter. HB Wealth Management LLC now owns 3,328 shares of the food distribution company’s stock valued at $285,000 after purchasing an additional 122 shares in the last quarter. Arax Advisory Partners boosted its position in Performance Food Group by 7.4% during the fourth quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock valued at $184,000 after purchasing an additional 140 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Performance Food Group by 16.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the food distribution company’s stock valued at $91,000 after purchasing an additional 143 shares during the last quarter. Finally, Cornerstone Wealth Management LLC grew its stake in Performance Food Group by 6.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 2,701 shares of the food distribution company’s stock valued at $243,000 after purchasing an additional 173 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

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.