A Brent King Sells 5,641 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 5,641 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $96.63, for a total transaction of $545,089.83. Following the completion of the transaction, the insider directly owned 57,211 shares in the company, valued at approximately $5,528,298.93. The trade was a 8.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Performance Food Group Trading Up 0.3%

Performance Food Group stock opened at $96.47 on Thursday. The stock has a market cap of $15.15 billion, a P/E ratio of 45.94, a PEG ratio of 1.51 and a beta of 0.93. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $109.05. The firm’s fifty day moving average price is $90.81 and its 200-day moving average price is $92.08. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.03. The firm had revenue of $16.29 billion for the quarter, compared to analysts’ expectations of $16.17 billion. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The business’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.79 earnings per share. Equities research analysts forecast that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PFGC has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $123.00 target price on shares of Performance Food Group in a research report on Thursday, May 7th. Citigroup upped their target price on shares of Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Barclays upped their target price on shares of Performance Food Group from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. UBS Group cut their target price on shares of Performance Food Group from $120.00 to $108.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Finally, Morgan Stanley cut their target price on shares of Performance Food Group from $123.00 to $120.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $119.00.

Institutional Trading of Performance Food Group

Several institutional investors have recently added to or reduced their stakes in PFGC. PNC Financial Services Group Inc. lifted its holdings in shares of Performance Food Group by 1.0% during the third quarter. PNC Financial Services Group Inc. now owns 10,897 shares of the food distribution company’s stock valued at $1,134,000 after purchasing an additional 113 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of Performance Food Group by 0.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,362 shares of the food distribution company’s stock valued at $3,372,000 after purchasing an additional 121 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of Performance Food Group by 3.8% during the first quarter. HB Wealth Management LLC now owns 3,328 shares of the food distribution company’s stock valued at $285,000 after purchasing an additional 122 shares in the last quarter. Arax Advisory Partners lifted its holdings in shares of Performance Food Group by 7.4% during the fourth quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock valued at $184,000 after purchasing an additional 140 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Performance Food Group by 16.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,012 shares of the food distribution company’s stock valued at $91,000 after purchasing an additional 143 shares in the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

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.