Erika Davis Sells 1,750 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group Company (NYSE:PFGC) insider Erika Davis sold 1,750 shares of Performance Food Group stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $95.00, for a total transaction of $166,250.00. Following the sale, the insider owned 44,791 shares in the company, valued at $4,255,145. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Performance Food Group Price Performance

Shares of NYSE:PFGC opened at $98.34 on Friday. The company’s fifty day moving average price is $89.97 and its 200 day moving average price is $92.11. Performance Food Group Company has a 12 month low of $80.82 and a 12 month high of $109.05. 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 firm has a market capitalization of $15.45 billion, a P/E ratio of 46.83, a P/E/G ratio of 1.52 and a beta of 0.92.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $16.17 billion. During the same period last year, the business earned $0.79 EPS. Performance Food Group’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, sell-side analysts predict that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on PFGC shares. Zacks Research upgraded shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, February 5th. UBS Group dropped their price objective on shares of Performance Food Group from $120.00 to $108.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Morgan Stanley dropped their price objective on shares of Performance Food Group from $123.00 to $120.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Finally, Citigroup lifted 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. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $119.00.

Institutional Trading of Performance Food Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cedar Mountain Advisors LLC purchased a new stake in shares of Performance Food Group in the first quarter valued at about $28,000. Asset Planning Inc purchased a new stake in shares of Performance Food Group in the first quarter valued at about $35,000. Torren Management LLC purchased a new stake in shares of Performance Food Group in the fourth quarter valued at about $41,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Performance Food Group in the fourth quarter valued at about $43,000. Finally, Clearstead Advisors LLC boosted its holdings in shares of Performance Food Group by 132.9% in 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 in the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Performance Food Group Company Profile

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.