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 the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $100.00, for a total value of $332,200.00. Following the completion of the transaction, the insider directly owned 53,889 shares of the company’s stock, valued at $5,388,900. This trade represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 stock was 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 stock was sold at an average price of $96.63, for a total transaction of $545,089.83.

Performance Food Group Stock Up 1.0%

Shares of Performance Food Group stock traded up $1.00 during trading hours on Wednesday, hitting $100.76. The company had a trading volume of 1,854,693 shares, compared to its average volume of 2,100,974. 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 company’s 50-day moving average is $92.15 and its two-hundred day moving average is $92.20. The company has a market cap of $15.83 billion, a P/E ratio of 47.98, a price-to-earnings-growth ratio of 1.52 and a beta of 0.93. Performance Food Group Company has a twelve month low of $80.82 and a twelve month high of $109.05.

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 firm had revenue of $16.29 billion during the quarter, compared to analysts’ expectations of $16.17 billion. During the same period in the previous year, the company earned $0.79 earnings per share. Performance Food Group’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PFGC has been the subject of several research analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Performance Food Group in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $123.00 price objective on shares of Performance Food Group in a research note on Thursday, May 7th. Citigroup upped their price objective on shares of Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Barclays upped 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. Finally, Zacks Research raised shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Performance Food Group presently has an average rating of “Moderate Buy” and an average price target of $119.00.

Hedge Funds Weigh In On Performance Food Group

A number of institutional investors have recently modified their holdings of PFGC. Cedar Mountain Advisors LLC acquired a new position in shares of Performance Food Group in the 1st quarter valued at $28,000. Asset Planning Inc acquired a new position in shares of Performance Food Group in the 1st quarter valued at $35,000. Torren Management LLC acquired a new position in shares of Performance Food Group in the 4th quarter valued at $41,000. Lloyd Advisory Services LLC. acquired a new position in shares of Performance Food Group in the 4th quarter valued at $43,000. Finally, Clearstead Advisors LLC increased its holdings in shares of Performance Food Group by 132.9% in the 4th 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. 96.87% of the stock is owned by institutional investors and hedge funds.

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.