Performance Food Group Co (NYSE:PFGC) insider James D. Hope acquired 2,000 shares of the company’s stock in a transaction on Monday, May 22nd. The shares were purchased at an average cost of $27.85 per share, with a total value of $55,700.00. Following the completion of the purchase, the insider now directly owns 66,657 shares of the company’s stock, valued at $1,856,397.45. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Performance Food Group Co (NYSE:PFGC) traded down 0.18% during mid-day trading on Tuesday, hitting $28.05. 1,311,848 shares of the stock were exchanged. The company has a 50-day moving average price of $25.28 and a 200-day moving average price of $23.75. Performance Food Group Co has a 12 month low of $19.95 and a 12 month high of $29.12. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 33.67 and a beta of -0.63.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, May 10th. The restaurant operator reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.11 billion. Performance Food Group had a return on equity of 12.86% and a net margin of 0.45%. The company’s quarterly revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $0.15 EPS. Equities analysts expect that Performance Food Group Co will post $1.26 earnings per share for the current year.

Insider Buying and Selling by Quarter for Performance Food Group (NYSE:PFGC)

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PFGC has been the subject of several recent analyst reports. Goldman Sachs Group Inc reaffirmed a “buy” rating and set a $29.00 price objective (down from $30.00) on shares of Performance Food Group in a research note on Friday, March 17th. Guggenheim reaffirmed a “buy” rating and set a $29.00 price objective on shares of Performance Food Group in a research note on Wednesday, February 8th. Zacks Investment Research raised shares of Performance Food Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 22nd. Barclays PLC lowered shares of Performance Food Group from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $28.00 to $25.00 in a research note on Tuesday, January 24th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $24.00 price objective on shares of Performance Food Group in a research note on Friday, February 3rd. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $28.33.

Several hedge funds have recently modified their holdings of the company. FMR LLC increased its stake in shares of Performance Food Group by 344.4% in the first quarter. FMR LLC now owns 12,255,431 shares of the restaurant operator’s stock worth $291,680,000 after buying an additional 9,497,642 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Performance Food Group during the first quarter worth about $70,404,000. Vanguard Group Inc. increased its stake in shares of Performance Food Group by 56.9% in the first quarter. Vanguard Group Inc. now owns 5,780,990 shares of the restaurant operator’s stock worth $137,588,000 after buying an additional 2,095,631 shares during the last quarter. Fred Alger Management Inc. increased its stake in shares of Performance Food Group by 240.4% in the fourth quarter. Fred Alger Management Inc. now owns 1,867,999 shares of the restaurant operator’s stock worth $44,832,000 after buying an additional 1,319,193 shares during the last quarter. Finally, Peregrine Capital Management LLC acquired a new stake in shares of Performance Food Group during the first quarter worth about $26,081,000. 80.99% of the stock is owned by hedge funds and other institutional investors.

About Performance Food Group

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.

12 Month Chart for NYSE:PFGC

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