Performance Food Group Co (PFGC) Insider Sells $382,131.17 in Stock

Performance Food Group Co (NYSE:PFGC) insider Craig Howard Hoskins sold 12,533 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were 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 owns 149,744 shares in the company, valued at $4,565,694.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Performance Food Group Co (NYSE PFGC) opened at $30.90 on Friday. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.86 and a current ratio of 1.67. Performance Food Group Co has a 52 week low of $22.30 and a 52 week high of $35.25. The company has a market capitalization of $3,182.42, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 0.91 and a beta of -0.12.

Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, February 7th. The restaurant operator reported $0.40 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.35 billion. During the same period in the prior year, the firm earned $0.29 earnings per share. The firm’s revenue was up 6.4% compared to the same quarter last year. sell-side analysts predict that Performance Food Group Co will post 1.6 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in Performance Food Group by 62.9% during the fourth quarter. BlackRock Inc. now owns 9,831,747 shares of the restaurant operator’s stock worth $325,432,000 after purchasing an additional 3,797,407 shares in the last quarter. Vanguard Group Inc. lifted its stake in Performance Food Group by 16.6% during the second quarter. Vanguard Group Inc. now owns 6,738,910 shares of the restaurant operator’s stock worth $184,646,000 after purchasing an additional 957,920 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Performance Food Group by 8.9% during the third quarter. JPMorgan Chase & Co. now owns 6,652,804 shares of the restaurant operator’s stock worth $188,274,000 after purchasing an additional 544,199 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Performance Food Group by 6.6% during the fourth quarter. Victory Capital Management Inc. now owns 3,797,373 shares of the restaurant operator’s stock worth $125,693,000 after purchasing an additional 233,461 shares in the last quarter. Finally, Schroder Investment Management Group lifted its stake in Performance Food Group by 8.2% during the fourth quarter. Schroder Investment Management Group now owns 3,202,492 shares of the restaurant operator’s stock worth $106,002,000 after purchasing an additional 241,414 shares in the last quarter. Institutional investors own 83.09% of the company’s stock.

A number of research analysts recently commented on PFGC shares. Royal Bank of Canada reiterated a “sector perform” rating and issued a $32.00 price objective on shares of Performance Food Group in a report on Tuesday, February 6th. BidaskClub upgraded Performance Food Group from a “hold” rating to a “buy” rating in a report on Friday, November 3rd. Zacks Investment Research upgraded Performance Food Group from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a report on Tuesday, December 19th. Guggenheim reiterated a “buy” rating and issued a $39.00 price objective on shares of Performance Food Group in a report on Sunday, January 28th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $33.00 price objective on shares of Performance Food Group in a report on Wednesday, January 24th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Performance Food Group has a consensus rating of “Buy” and an average price target of $33.44.

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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)

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