Patrick T. Hagerty Sells 8,000 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group (NYSE:PFGC) insider Patrick T. Hagerty sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $74.56, for a total transaction of $596,480.00. Following the transaction, the insider now directly owns 162,987 shares in the company, valued at $12,152,310.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Performance Food Group Trading Down 0.5 %

NYSE PFGC opened at $73.15 on Thursday. Performance Food Group has a 52 week low of $52.92 and a 52 week high of $78.54. The company has a 50 day moving average price of $68.08 and a 200 day moving average price of $70.46. The company has a quick ratio of 0.76, a current ratio of 1.64 and a debt-to-equity ratio of 0.95. The firm has a market cap of $11.40 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 0.82 and a beta of 1.44.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings results on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.08. The business had revenue of $15.20 billion for the quarter, compared to the consensus estimate of $15.25 billion. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.14 earnings per share. As a group, sell-side analysts forecast that Performance Food Group will post 4.87 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PFGC shares. Wells Fargo & Company raised their price objective on Performance Food Group from $80.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft raised their price target on Performance Food Group from $93.00 to $94.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Morgan Stanley lowered their price objective on shares of Performance Food Group from $80.00 to $76.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. BMO Capital Markets boosted their price target on shares of Performance Food Group from $80.00 to $87.00 and gave the company an “outperform” rating in a report on Thursday, August 15th. Finally, StockNews.com upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 20th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.38.

Institutional Investors Weigh In On Performance Food Group

Several institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in shares of Performance Food Group in the 4th quarter valued at approximately $29,000. Rise Advisors LLC purchased a new position in shares of Performance Food Group in the first quarter worth $29,000. Innealta Capital LLC acquired a new stake in shares of Performance Food Group during the second quarter worth $30,000. Mather Group LLC. purchased a new stake in shares of Performance Food Group during the first quarter valued at $44,000. Finally, Principal Securities Inc. acquired a new position in shares of Performance Food Group in the 4th quarter valued at $87,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates through three segments: Foodservice, Vistar, and Convenience. The company offers a range of frozen foods, groceries, candy, snacks, beverages, cigarettes, and other tobacco products; beef, pork, poultry, and seafood; and health and beauty care products.