Performance Food Group (NYSE:PFGC) Insider Sells $142,457.37 in Stock

Performance Food Group Company (NYSE:PFGC) insider Donald Bulmer sold 1,353 shares of the stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $105.29, for a total transaction of $142,457.37. Following the completion of the sale, the insider owned 52,938 shares of the company’s stock, valued at approximately $5,573,842.02. The trade was a 2.49% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Performance Food Group Trading Down 0.3%

PFGC opened at $102.20 on Friday. The firm has a market capitalization of $16.10 billion, a price-to-earnings ratio of 44.63, a price-to-earnings-growth ratio of 1.32 and a beta of 0.91. The company’s 50 day simple moving average is $110.09 and its two-hundred day simple moving average is $98.57. Performance Food Group Company has a 1-year low of $80.82 and a 1-year high of $117.47. The company has a debt-to-equity ratio of 1.34, a current ratio of 1.51 and a quick ratio of 0.67.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings results on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.60 by ($0.01). Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The company had revenue of $18.03 billion during the quarter, compared to analysts’ expectations of $18.11 billion. During the same quarter last year, the company earned $0.84 earnings per share. Performance Food Group’s revenue for the quarter was up 6.7% on a year-over-year basis. Analysts expect that Performance Food Group Company will post 5.58 EPS for the current fiscal year.

Hedge Funds Weigh In On Performance Food Group

Several large investors have recently made changes to their positions in the stock. Cedar Mountain Advisors LLC acquired a new stake in Performance Food Group in the 1st quarter valued at approximately $28,000. Asset Planning Inc acquired a new position in Performance Food Group during the first quarter worth $35,000. Torren Management LLC acquired a new position in Performance Food Group during the fourth quarter worth $41,000. Lloyd Advisory Services LLC. purchased a new position in shares of Performance Food Group during the fourth quarter worth $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Performance Food Group during the second quarter worth $51,000. 96.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PFGC shares. BMO Capital Markets reaffirmed an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $133.00 price target on shares of Performance Food Group in a research report on Thursday, August 13th. Sanford C. Bernstein restated an “outperform” rating on shares of Performance Food Group in a research report on Thursday, August 13th. Morgan Stanley lifted their target price on shares of Performance Food Group from $120.00 to $131.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, Weiss Ratings upgraded shares of Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Eleven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $126.90.

About Performance Food Group

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.