Insider Selling: Performance Food Group Co (PFGC) Insider Sells 12,533 Shares of Stock

Performance Food Group Co (NYSE:PFGC) insider Craig Howard Hoskins sold 12,533 shares of Performance Food Group stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $30.49, for a total value of $382,131.17. Following the completion of the transaction, the insider now directly owns 149,744 shares of the company’s stock, valued at approximately $4,565,694.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Performance Food Group Co (NYSE PFGC) traded down $0.70 during trading hours on Tuesday, reaching $30.30. The company’s stock had a trading volume of 494,691 shares, compared to its average volume of 655,300. Performance Food Group Co has a fifty-two week low of $22.30 and a fifty-two week high of $35.25. The company has a current ratio of 1.67, a quick ratio of 0.86 and a debt-to-equity ratio of 1.38. The stock has a market cap of $3,135.61, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 1.05 and a beta of -0.12.

Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.03. Performance Food Group had a return on equity of 15.69% and a net margin of 1.24%. The business had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the firm earned $0.29 EPS. Performance Food Group’s revenue was up 6.4% on a year-over-year basis. sell-side analysts anticipate that Performance Food Group Co will post 1.6 EPS for the current year.

Several equities analysts have recently issued reports on PFGC shares. Wells Fargo & Co raised Performance Food Group from a “market perform” rating to an “outperform” rating in a research report on Friday, November 3rd. BidaskClub raised Performance Food Group from a “hold” rating to a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research raised Performance Food Group from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research report on Tuesday, December 19th. Morgan Stanley lifted their price target on Performance Food Group from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research report on Thursday, November 9th. Finally, Loop Capital set a $35.00 price target on Performance Food Group and gave the stock a “buy” rating in a research report on Friday, December 15th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $33.44.

A number of large investors have recently modified their holdings of the business. Alliancebernstein L.P. raised its position in Performance Food Group by 13.9% in the 4th quarter. Alliancebernstein L.P. now owns 125,900 shares of the restaurant operator’s stock worth $4,167,000 after buying an additional 15,400 shares during the last quarter. Bogle Investment Management L P DE purchased a new position in Performance Food Group in the 4th quarter worth about $1,211,000. Geode Capital Management LLC raised its position in Performance Food Group by 2.3% in the 4th quarter. Geode Capital Management LLC now owns 722,029 shares of the restaurant operator’s stock worth $23,899,000 after buying an additional 16,381 shares during the last quarter. Globeflex Capital L P bought a new stake in shares of Performance Food Group during the 4th quarter valued at about $1,869,000. Finally, Brant Point Investment Management LLC bought a new stake in shares of Performance Food Group during the 4th quarter valued at about $331,000. 83.09% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Performance Food Group Co (PFGC) Insider Sells 12,533 Shares of Stock” was posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2018/02/13/insider-selling-performance-food-group-co-pfgc-insider-sells-12533-shares-of-stock.html.

Performance Food Group Company Profile

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.

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

Receive News & Ratings for Performance Food Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performance Food Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply