Insider Selling: Performance Food Group (NYSE:PFGC) Director Sells $237,500.00 in Stock

Performance Food Group Company (NYSE:PFGC) Director Kimberly Grant sold 2,500 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $95.00, for a total transaction of $237,500.00. Following the transaction, the director owned 11,935 shares of the company’s stock, valued at approximately $1,133,825. This represents a 17.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Performance Food Group Price Performance

PFGC stock opened at $93.71 on Friday. Performance Food Group Company has a 52 week low of $80.82 and a 52 week high of $109.05. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40. The company has a fifty day simple moving average of $89.04 and a two-hundred day simple moving average of $92.14. The firm has a market capitalization of $14.72 billion, a P/E ratio of 44.62, a price-to-earnings-growth ratio of 1.47 and a beta of 0.92.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings data on Wednesday, May 6th. The food distribution company reported $0.80 EPS for the quarter, beating 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 business had revenue of $16.29 billion during the quarter, compared to analyst estimates of $16.17 billion. During the same quarter last year, the business earned $0.79 earnings per share. Performance Food Group’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts anticipate that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on PFGC. Zacks Research upgraded shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $123.00 price objective on shares of Performance Food Group in a research report on Thursday, May 7th. Barclays increased their price objective on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. UBS Group lowered their price objective 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, Citigroup increased 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 report on Thursday, May 7th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Performance Food Group has a consensus rating of “Moderate Buy” and a consensus target price of $119.00.

Institutional Investors Weigh In On Performance Food Group

Institutional investors have recently made changes to their positions in the company. Cedar Mountain Advisors LLC bought a new stake in shares of Performance Food Group in the 1st quarter worth about $28,000. Root Financial Partners LLC bought a new stake in shares of Performance Food Group in the 3rd quarter worth about $39,000. Asset Planning Inc bought a new stake in shares of Performance Food Group in the 1st quarter worth about $35,000. Torren Management LLC bought a new stake in shares of Performance Food Group in the 4th quarter worth about $41,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of Performance Food Group in the 4th quarter worth about $43,000. 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.