Performance Food Group Company (NYSE:PFGC - Get Free Report) insider Chasity Grosh sold 838 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $104.64, for a total transaction of $87,688.32. Following the sale, the insider directly owned 8,142 shares of the company's stock, valued at $851,978.88. The trade was a 9.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Performance Food Group Price Performance
NYSE PFGC opened at $104.05 on Friday. The firm's fifty day simple moving average is $110.08 and its two-hundred day simple moving average is $98.19. The company has a current ratio of 1.51, a quick ratio of 0.67 and a debt-to-equity ratio of 1.34. Performance Food Group Company has a 12-month low of $80.82 and a 12-month high of $117.47. The firm has a market capitalization of $16.39 billion, a P/E ratio of 45.44, a P/E/G ratio of 1.33 and a beta of 0.91.
Performance Food Group (NYSE:PFGC - Get Free Report) last issued 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). The business had revenue of $18.03 billion for the quarter, compared to analyst estimates of $18.11 billion. Performance Food Group had a return on equity of 15.15% and a net margin of 0.53%.The business's revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.84 earnings per share. Analysts forecast that Performance Food Group Company will post 5.58 EPS for the current fiscal year.
Institutional Trading of Performance Food Group
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PFGC. Cedar Mountain Advisors LLC acquired a new position in shares of Performance Food Group in the first quarter valued at about $28,000. Asset Planning Inc purchased a new stake in Performance Food Group in the first quarter valued at approximately $35,000. Torren Management LLC purchased a new stake in Performance Food Group in the fourth quarter valued at approximately $41,000. Lloyd Advisory Services LLC. purchased a new stake in Performance Food Group in the fourth quarter valued at approximately $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Performance Food Group in the 2nd quarter worth approximately $51,000. Institutional investors and hedge funds own 96.87% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $133.00 price target on shares of Performance Food Group in a research note on Thursday, August 13th. Wells Fargo & Company upped their price objective on shares of Performance Food Group from $115.00 to $130.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Morgan Stanley increased their price objective on shares of Performance Food Group from $120.00 to $131.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Weiss Ratings upgraded shares of Performance Food Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Thursday, August 13th. Finally, Barclays boosted their target price on shares of Performance Food Group from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, Performance Food Group has an average rating of "Moderate Buy" and a consensus target price of $126.90.
Check Out Our Latest Research Report on Performance Food Group
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.
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