Chasity Grosh Sells 1,843 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group Company (NYSE:PFGC) insider Chasity Grosh sold 1,843 shares of the firm’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $92.03, for a total transaction of $169,611.29. Following the completion of the sale, the insider owned 6,601 shares of the company’s stock, valued at $607,490.03. The trade was a 21.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

Performance Food Group Stock Performance

PFGC stock opened at $97.97 on Friday. The company has a 50 day moving average price of $92.84 and a 200 day moving average price of $97.62. The stock has a market capitalization of $15.36 billion, a PE ratio of 44.53, a price-to-earnings-growth ratio of 1.27 and a beta of 0.93. Performance Food Group Company has a fifty-two week low of $68.39 and a fifty-two week high of $109.05. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.60 and a quick ratio of 0.68.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, February 4th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.09). The firm had revenue of $16.44 billion for the quarter, compared to analyst estimates of $16.54 billion. Performance Food Group had a net margin of 0.52% and a return on equity of 15.64%. The company’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the company earned $0.98 EPS. Analysts forecast that Performance Food Group Company will post 4.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PFGC. Citigroup cut their target price on shares of Performance Food Group from $127.00 to $126.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Barclays reduced their price target on Performance Food Group from $120.00 to $105.00 and set an “overweight” rating for the company in a research report on Wednesday, January 7th. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a report on Thursday, February 5th. Guggenheim reissued a “buy” rating on shares of Performance Food Group in a research note on Thursday, December 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a report on Monday, December 29th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Performance Food Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.44.

Hedge Funds Weigh In On Performance Food Group

A number of hedge funds have recently added to or reduced their stakes in PFGC. Norges Bank bought a new stake in shares of Performance Food Group during the 4th quarter valued at $208,170,000. Wellington Management Group LLP lifted its position in Performance Food Group by 46.2% during the third quarter. Wellington Management Group LLP now owns 6,213,443 shares of the food distribution company’s stock worth $646,447,000 after purchasing an additional 1,964,799 shares during the period. Massachusetts Financial Services Co. MA acquired a new stake in Performance Food Group during the third quarter worth about $152,717,000. Invesco Ltd. increased its holdings in Performance Food Group by 79.1% in the 3rd quarter. Invesco Ltd. now owns 2,647,062 shares of the food distribution company’s stock valued at $275,400,000 after buying an additional 1,168,869 shares during the period. Finally, Eurizon Capital SGR S.p.A. bought a new position in Performance Food Group in the 4th quarter valued at about $81,020,000. Institutional investors own 96.87% of the company’s stock.

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.