Performance Food Group (NYSE:PFGC) Insider A Brent King Sells 3,322 Shares of Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 3,322 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $100.00, for a total value of $332,200.00. Following the completion of the sale, the insider owned 53,889 shares of the company’s stock, valued at $5,388,900. This trade represents a 5.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

A Brent King also recently made the following trade(s):

• On Wednesday, June 10th, A Brent King sold 3,518 shares of Performance Food Group stock. The shares were sold at an average price of $100.00, for a total value of $351,800.00.
• On Monday, June 1st, A Brent King sold 5,641 shares of Performance Food Group stock. The shares were sold at an average price of $96.63, for a total value of $545,089.83.

Performance Food Group Price Performance

PFGC stock opened at $100.76 on Thursday. 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 business has a 50 day simple moving average of $92.15 and a 200-day simple moving average of $92.20. The firm has a market capitalization of $15.83 billion, a PE ratio of 47.98, a price-to-earnings-growth ratio of 1.56 and a beta of 0.93. Performance Food Group Company has a 1 year low of $80.82 and a 1 year high of $109.05.

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

Analysts Set New Price Targets

PFGC has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $123.00 price objective on shares of Performance Food Group in a report on Thursday, May 7th. Zacks Research upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings reiterated a “hold (c)” rating on shares of Performance Food Group in a report on Friday, March 27th. Citigroup upped their price objective on Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Finally, Barclays upped their price objective on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Performance Food Group presently has an average rating of “Moderate Buy” and an average price target of $119.00.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its stake in 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 worth $1,134,000 after purchasing an additional 113 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in 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 worth $3,372,000 after purchasing an additional 121 shares in the last quarter. HB Wealth Management LLC lifted its stake in 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 worth $285,000 after purchasing an additional 122 shares in the last quarter. Arax Advisory Partners lifted its stake in 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 worth $184,000 after purchasing an additional 140 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in 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 worth $91,000 after purchasing an additional 143 shares in the last quarter. 96.87% of the stock is currently owned by institutional investors and hedge funds.

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.