Performance Food Group (NYSE:PFGC) Director Sells $294,440.00 in Stock

Performance Food Group (NYSE:PFGC - Get Free Report) Director Kimberly Grant sold 4,000 shares of the company's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $73.61, for a total transaction of $294,440.00. Following the transaction, the director now directly owns 10,184 shares in the company, valued at approximately $749,644.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Performance Food Group Stock Down 0.9 %

Shares of NYSE PFGC traded down $0.68 on Thursday, hitting $73.64. The company had a trading volume of 715,505 shares, compared to its average volume of 1,068,678. The firm has a market capitalization of $11.48 billion, a P/E ratio of 27.48, a PEG ratio of 0.92 and a beta of 1.42. The company has a quick ratio of 0.76, a current ratio of 1.64 and a debt-to-equity ratio of 0.95. Performance Food Group has a 12-month low of $52.92 and a 12-month high of $78.54. The business has a 50 day moving average of $66.95 and a two-hundred day moving average of $70.38.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.08. Performance Food Group had a net margin of 0.75% and a return on equity of 17.03%. The company had revenue of $15.20 billion during the quarter, compared to the consensus estimate of $15.25 billion. During the same quarter last year, the company earned $1.14 earnings per share. Performance Food Group's revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities research analysts forecast that Performance Food Group will post 4.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on PFGC. Wells Fargo & Company upped their price target on shares of Performance Food Group from $80.00 to $83.00 and gave the stock an "overweight" rating in a research report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft upped their price objective on Performance Food Group from $93.00 to $94.00 and gave the stock a "buy" rating in a report on Thursday, August 15th. Truist Financial increased their target price on Performance Food Group from $86.00 to $88.00 and gave the stock a "buy" rating in a research report on Thursday, August 15th. Barclays boosted their price target on Performance Food Group from $84.00 to $88.00 and gave the company an "overweight" rating in a research report on Thursday, August 15th. Finally, BMO Capital Markets raised their price objective on Performance Food Group from $80.00 to $87.00 and gave the stock an "outperform" rating in a report on Thursday, August 15th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $86.38.

Institutional Investors Weigh In On Performance Food Group

Several hedge funds and other institutional investors have recently bought and sold shares of PFGC. Cetera Investment Advisers lifted its position in shares of Performance Food Group by 0.4% during the second quarter. Cetera Investment Advisers now owns 46,037 shares of the food distribution company's stock worth $3,044,000 after purchasing an additional 186 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Performance Food Group by 27.8% during the second quarter. Point72 Asset Management L.P. now owns 1,710,679 shares of the food distribution company's stock valued at $113,093,000 after buying an additional 372,218 shares in the last quarter. Quarry LP lifted its holdings in Performance Food Group by 114.4% during the 2nd quarter. Quarry LP now owns 2,513 shares of the food distribution company's stock worth $166,000 after buying an additional 1,341 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Performance Food Group by 2.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,088 shares of the food distribution company's stock worth $469,000 after acquiring an additional 160 shares in the last quarter. Finally, Creative Planning lifted its stake in Performance Food Group by 102.7% during the second quarter. Creative Planning now owns 11,544 shares of the food distribution company's stock worth $763,000 after purchasing an additional 5,849 shares during the last quarter. 96.87% of the stock is currently owned by hedge funds and other institutional investors.

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.