Performance Food Group (NYSE:PFGC) Insider Hugh Patrick Hatcher Sells 3,000 Shares

Performance Food Group Company (NYSE:PFGC) insider Hugh Patrick Hatcher sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $99.18, for a total transaction of $297,540.00. Following the transaction, the insider directly owned 58,167 shares of the company’s stock, valued at $5,769,003.06. This represents a 4.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Performance Food Group Trading Up 0.2%

Shares of PFGC stock opened at $99.36 on Thursday. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34. The firm has a market cap of $15.65 billion, a P/E ratio of 43.39, a PEG ratio of 1.27 and a beta of 0.88. The company has a 50 day moving average of $109.72 and a 200-day moving average of $98.77. Performance Food Group Company has a 12-month low of $80.82 and a 12-month high of $117.47.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Wednesday, August 12th. The food distribution company reported $1.59 EPS for the quarter, missing the consensus estimate of $1.60 by ($0.01). Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The firm had revenue of $18.03 billion during the quarter, compared to analysts’ expectations of $18.11 billion. During the same quarter in the previous year, the company posted $0.84 EPS. Performance Food Group’s revenue for the quarter was up 6.7% on a year-over-year basis. Sell-side analysts anticipate that Performance Food Group Company will post 5.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on PFGC. Morgan Stanley upped their price objective on shares of Performance Food Group from $120.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. TD Cowen cut their price target on Performance Food Group from $128.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $133.00 price objective on shares of Performance Food Group in a research note on Thursday, August 13th. Finally, Citigroup increased their price target on shares of Performance Food Group from $143.00 to $144.00 and gave the stock a “buy” rating in a report on Thursday, August 13th. Twelve analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Performance Food Group currently has an average rating of “Moderate Buy” and a consensus target price of $126.90.

Institutional Trading of Performance Food Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Performance Food Group by 0.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 39,362 shares of the food distribution company’s stock worth $3,372,000 after acquiring an additional 121 shares during the period. HB Wealth Management LLC grew its holdings in Performance Food Group by 3.8% in the first quarter. HB Wealth Management LLC now owns 3,328 shares of the food distribution company’s stock worth $285,000 after purchasing an additional 122 shares during the period. Arax Advisory Partners increased its position in Performance Food Group by 7.4% during the 4th quarter. Arax Advisory Partners now owns 2,043 shares of the food distribution company’s stock valued at $184,000 after buying an additional 140 shares in the last quarter. Smartleaf Asset Management LLC increased 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 acquiring an additional 143 shares in the last quarter. Finally, Cornerstone Wealth Management LLC raised its holdings in Performance Food Group by 6.8% in the fourth quarter. Cornerstone Wealth Management LLC now owns 2,701 shares of the food distribution company’s stock worth $243,000 after buying an additional 173 shares during the last quarter. 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.