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

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 3,322 shares of Performance Food Group stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $100.00, for a total value of $332,200.00. Following the sale, the insider directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 stock was 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 stock was sold at an average price of $96.63, for a total value of $545,089.83.

Performance Food Group Stock Up 3.5%

Performance Food Group stock opened at $104.31 on Friday. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $109.05. 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 company has a market capitalization of $16.39 billion, a P/E ratio of 49.67, a PEG ratio of 1.58 and a beta of 0.93. The stock has a 50-day simple moving average of $92.52 and a 200-day simple moving average of $92.25.

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 the consensus estimate of $0.77 by $0.03. Performance Food Group had a return on equity of 15.33% and a net margin of 0.49%.The business had revenue of $16.29 billion during the quarter, compared to the consensus estimate of $16.17 billion. During the same period in the previous year, the business earned $0.79 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Equities research analysts expect that Performance Food Group Company will post 4.57 earnings per share for the current year.

Hedge Funds Weigh In On Performance Food Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cedar Mountain Advisors LLC acquired a new position in Performance Food Group during the 1st quarter worth approximately $28,000. Asset Planning Inc acquired a new position in Performance Food Group during the 1st quarter worth approximately $35,000. Torren Management LLC acquired a new position in Performance Food Group during the 4th quarter worth approximately $41,000. Lloyd Advisory Services LLC. acquired a new position in Performance Food Group during the 4th quarter worth approximately $43,000. Finally, Clearstead Advisors LLC increased its position in Performance Food Group by 132.9% during the 4th quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock worth $53,000 after purchasing an additional 335 shares during the period. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on PFGC. Barclays boosted their target price on Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Citigroup boosted their target price on Performance Food Group from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $123.00 target price on shares of Performance Food Group in a report on Thursday, May 7th. Zacks Research raised Performance Food Group from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Performance Food Group in a report on Friday, March 27th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.