A Brent King Sells 3,518 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group Company (NYSE:PFGC) insider A Brent King sold 3,518 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $100.00, for a total transaction of $351,800.00. Following the transaction, the insider owned 50,371 shares in the company, valued at approximately $5,037,100. This trade represents a 6.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, June 9th, A Brent King sold 3,322 shares of Performance Food Group stock. The stock was sold at an average price of $100.00, for a total transaction of $332,200.00.
• 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 transaction of $545,089.83.

Performance Food Group Stock Performance

Shares of PFGC opened at $104.31 on Friday. The company’s fifty day moving average is $92.52 and its 200-day moving average is $92.25. Performance Food Group Company has a 12 month low of $80.82 and a 12 month high of $109.05. The firm has a market cap of $16.39 billion, a price-to-earnings ratio of 49.67, a price-to-earnings-growth ratio of 1.58 and a beta of 0.93. The company has a quick ratio of 0.68, a current ratio of 1.52 and a debt-to-equity ratio of 1.40.

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

Institutional Trading of Performance Food Group

Hedge funds have recently bought and sold shares of the stock. Cedar Mountain Advisors LLC bought a new stake in Performance Food Group in the 1st quarter valued at $28,000. Asset Planning Inc bought a new stake in Performance Food Group in the 1st quarter valued at $35,000. Torren Management LLC bought a new stake in Performance Food Group in the 4th quarter valued at $41,000. Lloyd Advisory Services LLC. bought a new stake in Performance Food Group in the 4th quarter valued at $43,000. Finally, Clearstead Advisors LLC boosted its holdings in Performance Food Group by 132.9% in the 4th quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock valued at $53,000 after purchasing an additional 335 shares during the period. 96.87% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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