Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells 1,005 Shares of Stock

Performance Food Group Company (NYSE:PFGC) insider Chasity Grosh sold 1,005 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $92.40, for a total value of $92,862.00. Following the completion of the sale, the insider directly owned 5,783 shares in the company, valued at $534,349.20. This trade represents a 14.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Performance Food Group Stock Performance

NYSE PFGC traded down $0.35 during trading on Wednesday, hitting $91.64. The company’s stock had a trading volume of 1,405,196 shares, compared to its average volume of 1,902,378. Performance Food Group Company has a 52 week low of $80.82 and a 52 week high of $117.47. The firm has a market cap of $14.44 billion, a P/E ratio of 40.02, a price-to-earnings-growth ratio of 1.18 and a beta of 0.88. The firm has a 50 day moving average price of $102.66 and a 200 day moving average price of $98.68. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34.

Performance Food Group (NYSE:PFGC) last posted 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). The business had revenue of $18.03 billion during the quarter, compared to the consensus estimate of $18.11 billion. Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 earnings per share. Equities research analysts forecast that Performance Food Group Company will post 5.6 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Performance Food Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cedar Mountain Advisors LLC acquired a new stake in Performance Food Group in the 1st quarter valued at $28,000. Asset Planning Inc bought a new stake in Performance Food Group in the first quarter valued at $35,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Performance Food Group during the second quarter worth $51,000. Clearstead Advisors LLC lifted its holdings in shares of Performance Food Group by 132.9% during the fourth quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock valued at $53,000 after acquiring an additional 335 shares during the period. Finally, Transamerica Financial Advisors LLC bought a new position in shares of Performance Food Group during the second quarter valued at $54,000. Institutional investors own 96.87% of the company’s stock.

Analyst Ratings Changes

PFGC has been the subject of a number of research reports. TD Cowen reduced their price target on shares of Performance Food Group from $120.00 to $115.00 and set a “buy” rating for the company in a report on Friday, September 11th. Weiss Ratings upgraded shares of Performance Food Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, September 24th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Morgan Stanley upped their price target on Performance Food Group from $120.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $133.00 price target on shares of Performance Food Group in a report on Thursday, August 13th. Twelve investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.40.

Performance Food Group Company Profile

Performance Food Group Co (NYSE:PFGC) is a foodservice and convenience distribution company headquartered in Richmond, Virginia. Through its operating businesses, the company supplies food and related products to restaurants, foodservice operators, convenience stores and other commercial customers across the United States and Canada.

PFGC’s foodservice operations distribute a broad selection of center-of-the-plate foods, fresh and frozen products, produce, beverages, disposables, cleaning supplies and other restaurant essentials.