Performance Food Group (NYSE:PFGC) Insider Erika Davis Sells 2,595 Shares of Stock

Performance Food Group Company (NYSE:PFGC) insider Erika Davis sold 2,595 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $110.00, for a total transaction of $285,450.00. Following the completion of the sale, the insider owned 40,446 shares of the company’s stock, valued at approximately $4,449,060. This trade represents a 6.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Performance Food Group Trading Up 1.7%

Performance Food Group stock opened at $112.34 on Tuesday. Performance Food Group Company has a 52 week low of $80.82 and a 52 week high of $112.76. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.68 and a current ratio of 1.52. The firm has a market capitalization of $17.65 billion, a price-to-earnings ratio of 53.50, a P/E/G ratio of 1.73 and a beta of 0.93. The company has a 50 day moving average price of $97.00 and a 200 day moving average price of $93.19.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, May 6th. The food distribution company reported $0.80 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.03. The company had revenue of $16.29 billion for the quarter, compared to the consensus estimate of $16.17 billion. Performance Food Group had a net margin of 0.49% and a return on equity of 15.33%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.79 EPS. Research analysts forecast that Performance Food Group Company will post 4.57 EPS for the current year.

Institutional Trading of Performance Food Group

Several large investors have recently made changes to their positions in the stock. Cedar Mountain Advisors LLC bought a new position in shares of Performance Food Group in the 1st quarter valued at approximately $28,000. Asset Planning Inc bought a new stake in Performance Food Group during the first quarter worth approximately $35,000. Torren Management LLC bought a new stake in Performance Food Group during the fourth quarter worth approximately $41,000. Lloyd Advisory Services LLC. acquired a new position in Performance Food Group during the fourth quarter valued at approximately $43,000. Finally, Clearstead Advisors LLC grew its holdings in Performance Food Group by 132.9% during the fourth quarter. Clearstead Advisors LLC now owns 587 shares of the food distribution company’s stock valued at $53,000 after purchasing an additional 335 shares during the last quarter. Institutional investors own 96.87% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PFGC shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $123.00 price target on shares of Performance Food Group in a research note on Thursday, May 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Performance Food Group in a research report on Wednesday, June 24th. Zacks Research upgraded shares of Performance Food Group from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 7th. Citigroup boosted their target price on shares of Performance Food Group from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Finally, Guggenheim increased their price target on shares of Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Monday. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $120.00.

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.