Performance Food Group Co. (NYSE:PFGC) insider James D. Hope bought 9,600 shares of Performance Food Group stock in a transaction dated Friday, November 18th. The stock was purchased at an average price of $22.76 per share, with a total value of $218,496.00. Following the purchase, the insider now directly owns 63,657 shares in the company, valued at approximately $1,448,833.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Performance Food Group Co. (NYSE:PFGC) traded up 0.88% during trading on Tuesday, reaching $22.80. 450,256 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $24.25 and its 200 day moving average price is $25.44. The firm has a market capitalization of $2.36 billion and a PE ratio of 33.78. Performance Food Group Co. has a 52 week low of $20.00 and a 52 week high of $28.13.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.23 by $0.03. The firm had revenue of $4 billion for the quarter, compared to the consensus estimate of $4.08 billion. Performance Food Group had a return on equity of 12.69% and a net margin of 0.42%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 EPS. Analysts predict that Performance Food Group Co. will post $1.25 EPS for the current fiscal year.

Several analysts recently commented on PFGC shares. Credit Suisse Group AG set a $27.00 price objective on shares of Performance Food Group and gave the company a “buy” rating in a research note on Tuesday, November 8th. Zacks Investment Research upgraded shares of 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 reduced their price objective on shares of 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. restated a “hold” rating on shares of Performance Food Group in a research report on Thursday, August 18th. Finally, BMO Capital Markets started coverage on shares of Performance Food Group in a research report on Thursday, October 13th. They set an “outperform” rating and a $28.00 target price for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Performance Food Group has a consensus rating of “Hold” and an average target price of $26.60.

Institutional investors have recently added to or reduced their stakes in the company. Smith Asset Management Group LP purchased a new position in Performance Food Group during the second quarter valued at approximately $122,000. Teacher Retirement System of Texas purchased a new position in Performance Food Group during the second quarter valued at approximately $136,000. Legal & General Group Plc raised its position in Performance Food Group by 122.2% in the second quarter. Legal & General Group Plc now owns 5,716 shares of the company’s stock valued at $152,000 after buying an additional 3,144 shares in the last quarter. Strs Ohio raised its position in Performance Food Group by 9.3% in the second quarter. Strs Ohio now owns 5,900 shares of the company’s stock valued at $158,000 after buying an additional 500 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in Performance Food Group during the third quarter valued at approximately $151,000. Institutional investors and hedge funds own 78.84% of the company’s stock.

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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