A Brent King Sells 12,866 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group (NYSE:PFGC - Get Free Report) insider A Brent King sold 12,866 shares of the firm's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $90.02, for a total value of $1,158,197.32. Following the transaction, the insider now directly owns 60,952 shares of the company's stock, valued at $5,486,899.04. The trade was a 17.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

A Brent King also recently made the following trade(s):

• On Wednesday, May 28th, A Brent King sold 11,104 shares of Performance Food Group stock. The stock was sold at an average price of $88.69, for a total value of $984,813.76.

Performance Food Group Trading Down 0.3%

Performance Food Group stock traded down $0.24 during midday trading on Tuesday, reaching $88.98. The stock had a trading volume of 786,999 shares, compared to its average volume of 1,118,080. Performance Food Group has a twelve month low of $61.60 and a twelve month high of $92.44. The stock has a market capitalization of $13.89 billion, a PE ratio of 35.88, a price-to-earnings-growth ratio of 0.96 and a beta of 1.13. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.72 and a current ratio of 1.67. The stock's 50-day simple moving average is $81.09 and its 200 day simple moving average is $83.60.

Performance Food Group (NYSE:PFGC - Get Free Report) last issued its earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). Performance Food Group had a net margin of 0.64% and a return on equity of 16.58%. The firm had revenue of $15.31 billion during the quarter, compared to analyst estimates of $15.41 billion. During the same quarter in the previous year, the business posted $0.80 EPS. Performance Food Group's revenue was up 10.5% compared to the same quarter last year. Analysts expect that Performance Food Group will post 4.58 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on PFGC shares. Piper Sandler downgraded Performance Food Group from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $92.00 to $90.00 in a research report on Friday, February 7th. Sanford C. Bernstein set a $112.00 price target on Performance Food Group and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Morgan Stanley raised their price target on Performance Food Group from $92.00 to $93.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 29th. UBS Group raised their price target on Performance Food Group from $103.00 to $110.00 and gave the stock a "buy" rating in a research report on Thursday, May 29th. Finally, Citigroup initiated coverage on Performance Food Group in a research report on Thursday, May 22nd. They issued a "buy" rating and a $121.00 price objective for the company. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $100.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its stake in shares of Performance Food Group by 154.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,910,406 shares of the food distribution company's stock worth $330,625,000 after purchasing an additional 2,371,818 shares in the last quarter. Norges Bank acquired a new position in shares of Performance Food Group during the fourth quarter worth about $164,471,000. JPMorgan Chase & Co. lifted its stake in shares of Performance Food Group by 40.8% during the first quarter. JPMorgan Chase & Co. now owns 5,187,869 shares of the food distribution company's stock worth $407,922,000 after purchasing an additional 1,503,703 shares in the last quarter. Junto Capital Management LP lifted its stake in shares of Performance Food Group by 419.9% during the fourth quarter. Junto Capital Management LP now owns 1,406,080 shares of the food distribution company's stock worth $118,884,000 after purchasing an additional 1,135,641 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Performance Food Group during the first quarter worth about $69,456,000. Institutional investors and hedge funds own 96.87% of the company's stock.

About Performance Food Group

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.