Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells $183,750.00 in Stock

Performance Food Group Company (NYSE:PFGC) insider Erika Davis sold 1,750 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $105.00, for a total value of $183,750.00. Following the completion of the transaction, the insider owned 43,041 shares of the company’s stock, valued at $4,519,305. This trade represents a 3.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Performance Food Group Stock Performance

Shares of PFGC stock opened at $103.23 on Thursday. The firm has a market capitalization of $16.22 billion, a price-to-earnings ratio of 49.16, a price-to-earnings-growth ratio of 1.64 and a beta of 0.93. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.52 and a quick ratio of 0.68. The business has a fifty day moving average of $94.09 and a 200 day moving average of $92.48. Performance Food Group Company has a 1 year low of $80.82 and a 1 year high of $109.05.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The company had revenue of $16.29 billion during the quarter, compared to analyst estimates of $16.17 billion. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The firm’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $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.

Institutional Investors Weigh In On Performance Food Group

A number of institutional investors have recently modified their holdings of the business. Amundi grew its position in shares of Performance Food Group by 154.3% during the 1st quarter. Amundi now owns 5,905 shares of the food distribution company’s stock valued at $506,000 after acquiring an additional 3,583 shares during the period. California State Teachers Retirement System grew its position in shares of Performance Food Group by 23.8% during the 1st quarter. California State Teachers Retirement System now owns 183,693 shares of the food distribution company’s stock valued at $15,735,000 after acquiring an additional 35,328 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Performance Food Group by 15.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 104,201 shares of the food distribution company’s stock worth $8,926,000 after buying an additional 14,241 shares during the last quarter. Luxor Capital Group LP acquired a new stake in Performance Food Group in the 1st quarter worth about $32,397,000. Finally, Bollard Group LLC acquired a new stake in Performance Food Group in the 1st quarter worth about $2,346,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.