Performance Food Group (NYSE:PFGC) Director Kimberly Grant Sells 2,500 Shares of Stock

Performance Food Group Company (NYSE:PFGC) Director Kimberly Grant sold 2,500 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $95.00, for a total value of $237,500.00. Following the completion of the transaction, the director directly owned 11,935 shares of the company’s stock, valued at approximately $1,133,825. This trade represents a 17.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Performance Food Group Trading Up 0.6%

Shares of PFGC stock opened at $95.22 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. The firm has a fifty day moving average of $88.92 and a 200-day moving average of $92.13. Performance Food Group Company has a 52-week low of $80.82 and a 52-week high of $109.05. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 45.34, a P/E/G ratio of 1.48 and a beta of 0.92.

Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $16.17 billion. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.79 earnings per share. On average, equities research analysts forecast that Performance Food Group Company will post 4.57 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Performance Food Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cedar Mountain Advisors LLC acquired a new stake in shares of Performance Food Group in the first quarter valued at $28,000. Asset Planning Inc acquired a new position in Performance Food Group during the 1st quarter worth about $35,000. Root Financial Partners LLC bought a new stake in Performance Food Group during the 3rd quarter worth about $39,000. Torren Management LLC bought a new stake in Performance Food Group during the 4th quarter worth about $41,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in Performance Food Group in the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PFGC. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, February 5th. Zacks Research upgraded Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a report on Friday, March 27th. Barclays boosted their target price on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $123.00 price target on shares of Performance Food Group in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $119.00.

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.