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 company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $90.02, for a total transaction of $1,158,197.32. Following the sale, the insider now owns 60,952 shares in the company, valued at $5,486,899.04. This represents a 17.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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 Up 0.3%

Shares of NYSE:PFGC traded up $0.29 during trading on Friday, reaching $89.58. 1,204,432 shares of the company were exchanged, compared to its average volume of 1,120,295. The business's fifty day simple moving average is $80.86 and its 200-day simple moving average is $83.57. The company has a debt-to-equity ratio of 1.56, a current ratio of 1.67 and a quick ratio of 0.72. Performance Food Group has a 12-month low of $61.60 and a 12-month high of $92.44. The firm has a market capitalization of $13.98 billion, a PE ratio of 36.12, a P/E/G ratio of 0.96 and a beta of 1.13.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $15.31 billion for the quarter, compared to the consensus estimate of $15.41 billion. During the same period in the prior year, the firm posted $0.80 EPS. The business's revenue was up 10.5% on a year-over-year basis. On average, research analysts anticipate that Performance Food Group will post 4.58 EPS for the current year.

Institutional Trading of Performance Food Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Millstone Evans Group LLC purchased a new position in Performance Food Group during the fourth quarter valued at approximately $26,000. CENTRAL TRUST Co lifted its position in Performance Food Group by 476.5% during the 1st quarter. CENTRAL TRUST Co now owns 490 shares of the food distribution company's stock worth $39,000 after acquiring an additional 405 shares during the period. Farther Finance Advisors LLC lifted its position in Performance Food Group by 203.7% during the 1st quarter. Farther Finance Advisors LLC now owns 498 shares of the food distribution company's stock worth $40,000 after acquiring an additional 334 shares during the period. Blue Trust Inc. increased its stake in shares of Performance Food Group by 64.6% in the fourth quarter. Blue Trust Inc. now owns 540 shares of the food distribution company's stock worth $42,000 after acquiring an additional 212 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in Performance Food Group in the first quarter valued at $44,000. Institutional investors own 96.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Sanford C. Bernstein set a $112.00 price objective on Performance Food Group and gave the stock an "overweight" rating in a research note on Thursday. Piper Sandler cut Performance Food Group from an "overweight" rating to a "neutral" rating and reduced their price objective for the stock from $92.00 to $90.00 in a research note on Friday, February 7th. UBS Group boosted their price objective on Performance Food Group from $103.00 to $110.00 and gave the stock a "buy" rating in a research note on Thursday. Barclays raised their target price on shares of Performance Food Group from $100.00 to $112.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Truist Financial lowered their target price on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Five investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Performance Food Group currently has an average rating of "Moderate Buy" and an average target price of $100.08.

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.