Performance Food Group (NYSE:PFGC) Insider Sells $169,611.29 in 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 sale, the insider directly owned 6,601 shares in the company, valued at approximately $607,490.03. The trade was a 21.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Performance Food Group Stock Up 0.0%

PFGC opened at $98.00 on Friday. The stock has a market capitalization of $15.37 billion, a price-to-earnings ratio of 44.55, a PEG ratio of 1.38 and a beta of 0.93. The firm has a 50 day moving average price of $92.97 and a 200-day moving average price of $97.61. Performance Food Group Company has a twelve month low of $68.39 and a twelve month high of $109.05. The company has a quick ratio of 0.68, a current ratio of 1.60 and a debt-to-equity ratio of 1.45.

Performance Food Group (NYSE:PFGC) last issued its 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 company had revenue of $16.44 billion during the quarter, compared to analysts’ expectations of $16.54 billion. Performance Food Group had a return on equity of 15.64% and a net margin of 0.52%.The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.98 EPS. Equities research analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on PFGC. Sanford C. Bernstein reissued an “outperform” rating on shares of Performance Food Group in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a research note on Monday, December 29th. Zacks Research lowered shares of Performance Food Group from a “hold” rating to a “strong sell” rating in a research report on Friday, February 6th. Morgan Stanley reduced 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 report on Thursday, February 5th. Finally, Citigroup dropped their price target on shares of Performance Food Group from $127.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Nine research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Performance Food Group currently has an average rating of “Moderate Buy” and a consensus target price of $116.44.

Institutional Investors Weigh In On Performance Food Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its position in shares of Performance Food Group by 51.3% in the second quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company’s stock worth $32,000 after purchasing an additional 123 shares during the period. Root Financial Partners LLC purchased a new position in shares of Performance Food Group during the 3rd quarter valued at $39,000. AlphaQuest LLC lifted its stake in shares of Performance Food Group by 658.0% during the 2nd quarter. AlphaQuest LLC now owns 379 shares of the food distribution company’s stock valued at $33,000 after buying an additional 329 shares in the last quarter. Torren Management LLC bought a new position in Performance Food Group in the 4th quarter worth $41,000. Finally, Eastern Bank purchased a new stake in Performance Food Group in the 3rd quarter worth $47,000. 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.