Performance Food Group (NYSE:PFGC) Insider Sells $1,673,343.15 in Stock

Performance Food Group (NYSE:PFGC) insider Craig Howard Hoskins sold 19,113 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $87.55, for a total value of $1,673,343.15. Following the completion of the sale, the insider now directly owns 152,293 shares of the company’s stock, valued at approximately $13,333,252.15. The trade was a 11.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Performance Food Group Stock Down 0.1%

PFGC opened at $88.01 on Monday. Performance Food Group has a fifty-two week low of $61.60 and a fifty-two week high of $92.44. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The company has a market capitalization of $13.74 billion, a P/E ratio of 35.49, a P/E/G ratio of 0.96 and a beta of 1.13. The stock has a fifty day moving average of $78.89 and a 200-day moving average of $83.42.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.07). Performance Food Group had a return on equity of 16.58% and a net margin of 0.64%. The firm had revenue of $15.31 billion for the quarter, compared to analyst estimates of $15.41 billion. During the same period in the prior year, the business posted $0.80 EPS. The firm’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, equities analysts expect that Performance Food Group will post 4.58 EPS for the current year.

Institutional Investors Weigh In On Performance Food Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Millstone Evans Group LLC acquired a new stake in shares of Performance Food Group during the fourth quarter worth $26,000. CENTRAL TRUST Co lifted its holdings in shares of Performance Food Group by 476.5% during the first quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company’s stock worth $39,000 after buying an additional 405 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Performance Food Group by 203.7% during the first quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company’s stock worth $40,000 after buying an additional 334 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Performance Food Group by 64.6% during the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company’s stock worth $42,000 after buying an additional 212 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Performance Food Group during the first quarter worth $44,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PFGC. Barclays increased their price objective on Performance Food Group from $95.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, May 8th. Morgan Stanley increased their price objective on Performance Food Group from $94.00 to $96.00 and gave the company an “equal weight” rating in a report on Tuesday, January 21st. Piper Sandler downgraded Performance Food Group from an “overweight” rating to a “neutral” rating and cut their price target for the company from $92.00 to $90.00 in a report on Friday, February 7th. Finally, Truist Financial reduced their price objective on shares of Performance Food Group from $104.00 to $101.00 and set a “buy” rating for the company in a research report on Thursday, May 8th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Performance Food Group has an average rating of “Moderate Buy” and an average price target of $95.55.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.