Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells 643 Shares of Stock

Performance Food Group Company (NYSE:PFGC) insider Chasity Grosh sold 643 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $104.42, for a total value of $67,142.06. Following the sale, the insider owned 7,222 shares of the company’s stock, valued at $754,121.24. This represents 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 available through this link.

Performance Food Group Trading Up 0.9%

PFGC traded up $0.91 on Monday, hitting $105.89. 1,314,810 shares of the company were exchanged, compared to its average volume of 1,969,529. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.67 and a current ratio of 1.51. The firm has a fifty day simple moving average of $110.09 and a two-hundred day simple moving average of $98.26. The stock has a market capitalization of $16.68 billion, a PE ratio of 46.24, a price-to-earnings-growth 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.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share for the quarter, missing the consensus estimate of $1.60 by ($0.01). Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The company had revenue of $18.03 billion during the quarter, compared to the consensus estimate of $18.11 billion. During the same quarter in the previous year, the firm posted $0.84 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts expect 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 a number of research analyst reports. Citigroup boosted their price target on Performance Food Group from $143.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, August 13th. UBS Group cut their price objective on Performance Food Group from $132.00 to $130.00 and set a “buy” rating on the stock in a research report on Friday, August 14th. TD Cowen reduced their target price on Performance Food Group from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, August 13th. Barclays upped their target price 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, 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 analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Performance Food Group presently has a consensus rating of “Moderate Buy” and an average price target of $126.90.

Institutional Trading of Performance Food Group

Several large investors have recently bought and sold shares of PFGC. Cedar Mountain Advisors LLC purchased a new position in shares of Performance Food Group during the 1st quarter worth approximately $28,000. Asset Planning Inc purchased a new stake in Performance Food Group in the first quarter worth $35,000. Torren Management LLC bought a new position in Performance Food Group in the fourth quarter worth $41,000. Lloyd Advisory Services LLC. bought a new position in Performance Food Group in the fourth quarter worth $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Performance Food Group during the second quarter valued at $51,000. 96.87% of the stock is owned by institutional investors.

About Performance Food Group

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.