Key Points
- Insider sale: Chasity Grosh sold 1,843 shares of PFGC on Feb. 10 at an average price of $92.03 for $169,611.29, reducing her stake by 21.83% to 6,601 shares (≈$607,490).
- Earnings miss: PFGC reported $0.98 EPS vs. $1.07 expected and revenue of $16.44B vs. $16.54B, with a net margin of 0.52% and ROE of 15.64% for the quarter.
- Analyst stance and valuation: The stock carries a "Moderate Buy" consensus with a $116.44 average target (9 Buys, 1 Hold, 1 Sell), while shares trade around $90 with a market cap of $14.16B and a P/E of 41.05.
Performance Food Group Company (NYSE:PFGC - Get Free Report) insider Chasity Grosh sold 1,843 shares of the company's stock in a transaction dated Tuesday, February 10th. The stock was sold at an average price of $92.03, for a total transaction of $169,611.29. Following the completion of the sale, the insider directly owned 6,601 shares of the company's stock, valued at approximately $607,490.03. This trade represents a 21.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Performance Food Group Trading Up 0.3%
NYSE PFGC opened at $90.31 on Thursday. The company's 50-day simple moving average is $92.74 and its two-hundred day simple moving average is $97.62. Performance Food Group Company has a one year low of $68.39 and a one year high of $109.05. The company has a market capitalization of $14.16 billion, a price-to-earnings ratio of 41.05, a price-to-earnings-growth ratio of 1.27 and a beta of 0.93. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 1.60.
Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The food distribution company reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.09). The business had revenue of $16.44 billion for the quarter, compared to analysts' expectations of $16.54 billion. Performance Food Group had a net margin of 0.52% and a return on equity of 15.64%. The business's quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.98 earnings per share. Equities analysts forecast that Performance Food Group Company will post 4.58 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its position in Performance Food Group by 51.3% in the second quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company's stock valued at $32,000 after buying an additional 123 shares during the last quarter. AlphaQuest LLC lifted its stake in Performance Food Group by 658.0% during the 2nd quarter. AlphaQuest LLC now owns 379 shares of the food distribution company's stock valued at $33,000 after acquiring an additional 329 shares during the period. Root Financial Partners LLC purchased a new stake in shares of Performance Food Group in the 3rd quarter valued at $39,000. Torren Management LLC purchased a new stake in shares of Performance Food Group in the 4th quarter valued at $41,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of Performance Food Group in the fourth quarter worth $43,000. 96.87% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research firms recently commented on PFGC. Barclays reduced their price objective on shares of Performance Food Group from $120.00 to $105.00 and set an "overweight" rating for the company in a research note on Wednesday, January 7th. Citigroup decreased their price objective on Performance Food Group from $127.00 to $126.00 and set a "buy" rating for the company in a report on Friday, February 6th. Guggenheim reissued a "buy" rating on shares of Performance Food Group in a research report on Thursday, December 18th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Performance Food Group in a research report on Thursday, February 5th. Finally, Piper Sandler decreased their price target on Performance Food Group from $116.00 to $111.00 and set an "overweight" rating for the company in a research note on Friday, December 12th. Nine analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $116.44.
Get Our Latest Stock Analysis on PFGC
About Performance Food Group
(
Get Free Report)
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.
Further Reading
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