Performance Food Group Co. (NYSE:PFGC) insider David E. Flitman acquired 46,700 shares of the stock in a transaction on Friday, November 11th. The shares were bought at an average price of $24.34 per share, with a total value of $1,136,678.00. Following the purchase, the insider now directly owns 315,150 shares of the company’s stock, valued at approximately $7,670,751. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Performance Food Group Co. (NYSE:PFGC) opened at 22.65 on Friday. Performance Food Group Co. has a 1-year low of $20.00 and a 1-year high of $28.13. The stock has a market cap of $2.34 billion and a PE ratio of 33.56. The stock has a 50 day moving average price of $24.41 and a 200 day moving average price of $25.52.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.03. Performance Food Group had a return on equity of 12.69% and a net margin of 0.42%. The firm earned $4 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the company earned $0.21 EPS. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts predict that Performance Food Group Co. will post $1.25 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in PFGC. Scout Investments Inc. boosted its position in shares of Performance Food Group by 17.5% in the third quarter. Scout Investments Inc. now owns 110,000 shares of the company’s stock valued at $2,728,000 after buying an additional 16,400 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in shares of Performance Food Group during the third quarter valued at about $253,000. Fuller & Thaler Asset Management Inc. purchased a new position in shares of Performance Food Group during the third quarter valued at about $151,000. The Manufacturers Life Insurance Company purchased a new position in shares of Performance Food Group during the third quarter valued at about $680,000. Finally, Two Sigma Advisers LP purchased a new position in shares of Performance Food Group during the third quarter valued at about $1,406,000. 78.96% of the stock is currently owned by institutional investors.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded Performance Food Group from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Thursday, August 18th. Pivotal Research lowered their price objective on Performance Food Group from $27.00 to $25.00 and set a “hold” rating for the company in a research note on Thursday, August 18th. Wells Fargo & Co. reiterated a “hold” rating on shares of Performance Food Group in a research note on Thursday, August 18th. BMO Capital Markets assumed coverage on Performance Food Group in a research note on Thursday, October 13th. They set an “outperform” rating and a $28.00 price objective for the company. Finally, Credit Suisse Group AG set a $27.00 price objective on Performance Food Group and gave the company a “buy” rating in a research note on Tuesday, November 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Performance Food Group presently has an average rating of “Hold” and an average target price of $26.60.

Performance Food Group Company Profile

Performance Food Group Company is a foodservice distribution company. The Company markets and distributes approximately 150,000 food and food-related products from 67 distribution centers to around 150,000 customer locations across the United States. The Company operates through three business segments: Performance Foodservice, PFG Customized, and Vistar.

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