Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells 8,000 Shares of Stock

Performance Food Group (NYSE:PFGC - Get Free Report) insider Patrick T. Hagerty sold 8,000 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $74.56, for a total transaction of $596,480.00. Following the transaction, the insider now owns 162,987 shares in the company, valued at approximately $12,152,310.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Performance Food Group Stock Down 1.5 %

Shares of NYSE PFGC traded down $1.14 during trading hours on Tuesday, hitting $73.50. 1,040,070 shares of the stock were exchanged, compared to its average volume of 1,058,663. The company has a market cap of $11.44 billion, a PE ratio of 27.85, a PEG ratio of 0.82 and a beta of 1.42. Performance Food Group has a 12 month low of $52.92 and a 12 month high of $78.54. 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 fifty day moving average price of $67.89 and a 200-day moving average price of $70.45.

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 EPS for the quarter, beating the consensus estimate of $1.37 by $0.08. Performance Food Group had a return on equity of 17.03% and a net margin of 0.75%. The firm had revenue of $15.20 billion during the quarter, compared to analyst estimates of $15.25 billion. During the same quarter in the prior year, the business posted $1.14 EPS. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts expect that Performance Food Group will post 4.87 EPS for the current year.

Analyst Ratings Changes

PFGC has been the subject of a number of recent analyst reports. Barclays lifted their price target on shares of Performance Food Group from $84.00 to $88.00 and gave the stock an "overweight" rating in a research note on Thursday, August 15th. Jefferies Financial Group upped their target price on Performance Food Group from $84.00 to $90.00 and gave the company a "buy" rating in a research note on Thursday, August 15th. Truist Financial raised their price target on Performance Food Group from $86.00 to $88.00 and gave the stock a "buy" rating in a research note on Thursday, August 15th. StockNews.com raised Performance Food Group from a "hold" rating to a "buy" rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley decreased their target price on Performance Food Group from $80.00 to $76.00 and set an "equal weight" rating for the company in a research report on Tuesday, July 16th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $86.38.

Hedge Funds Weigh In On Performance Food Group

Several hedge funds have recently modified their holdings of PFGC. GAMMA Investing LLC acquired a new stake in Performance Food Group in the 4th quarter worth approximately $29,000. Rise Advisors LLC purchased a new position in Performance Food Group in the 1st quarter worth $29,000. Innealta Capital LLC acquired a new stake in Performance Food Group during the 2nd quarter worth about $30,000. Mather Group LLC. acquired a new stake in Performance Food Group during the 1st quarter worth about $44,000. Finally, Principal Securities Inc. purchased a new stake in Performance Food Group during the 4th quarter valued at about $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.

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