Insider Selling: Performance Food Group (NYSE:PFGC) Insider Sells 6,334 Shares of Stock

Key Points

• Insider A Brent King sold 6,334 shares of Performance Food Group for a total of $665,703.40, reducing his position by 9.16% to 62,852 shares.
• Performance Food Group reported a quarterly earnings per share (EPS) of $1.55, surpassing expectations, with a year-over-year revenue increase of 11.2% to $16.94 billion.
• Analysts have recently raised price targets for Performance Food Group, with a consensus target now at $109.67, indicating positive future outlooks from multiple research firms.

Performance Food Group Company (NYSE:PFGC - Get Free Report) insider A Brent King sold 6,334 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $105.10, for a total value of $665,703.40. Following the completion of the transaction, the insider directly owned 62,852 shares in the company, valued at $6,605,745.20. This trade represents a 9.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, August 25th, A Brent King sold 1,320 shares of Performance Food Group stock. The stock was sold at an average price of $101.66, for a total value of $134,191.20.
• On Wednesday, August 20th, A Brent King sold 9,136 shares of Performance Food Group stock. The stock was sold at an average price of $100.51, for a total transaction of $918,259.36.
• On Thursday, July 17th, A Brent King sold 6,335 shares of Performance Food Group stock. The stock was sold at an average price of $100.00, for a total transaction of $633,500.00.
• On Friday, July 11th, A Brent King sold 7,865 shares of Performance Food Group stock. The shares were sold at an average price of $95.00, for a total transaction of $747,175.00.

Performance Food Group Price Performance

Shares of PFGC stock traded down $1.37 on Wednesday, hitting $103.82. 1,382,688 shares of the stock traded hands, compared to its average volume of 1,355,496. The firm has a market cap of $16.25 billion, a price-to-earnings ratio of 47.84, a PEG ratio of 1.15 and a beta of 1.10. Performance Food Group Company has a 52 week low of $68.39 and a 52 week high of $105.29. The firm has a 50 day simple moving average of $96.86 and a two-hundred day simple moving average of $87.03. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.58 and a quick ratio of 0.72.

Performance Food Group (NYSE:PFGC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 13th. The food distribution company reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $1.45 by $0.10. The business had revenue of $16.94 billion for the quarter, compared to analysts' expectations of $16.85 billion. Performance Food Group had a return on equity of 16.23% and a net margin of 0.54%.The business's quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $1.45 earnings per share. Performance Food Group has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. As a group, equities research analysts predict that Performance Food Group Company will post 4.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup started coverage on shares of Performance Food Group in a research report on Thursday, May 22nd. They set a "buy" rating and a $121.00 price objective on the stock. Morgan Stanley lifted their price target on shares of Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a report on Monday, July 14th. Wells Fargo & Company lifted their target price on Performance Food Group from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, August 13th. Truist Financial lifted their target price on Performance Food Group from $101.00 to $118.00 and gave the stock a "buy" rating in a report on Thursday, August 14th. Finally, Barclays lifted their price objective on Performance Food Group from $112.00 to $120.00 and gave the stock an "overweight" rating in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Performance Food Group has a consensus rating of "Moderate Buy" and an average price target of $109.67.

Hedge Funds Weigh In On Performance Food Group

Several hedge funds have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its stake in shares of Performance Food Group by 51.3% during the second quarter. Parkside Financial Bank & Trust now owns 363 shares of the food distribution company's stock valued at $32,000 after buying an additional 123 shares during the last quarter. Thrivent Financial for Lutherans grew its position in Performance Food Group by 0.3% in the 2nd quarter. Thrivent Financial for Lutherans now owns 36,752 shares of the food distribution company's stock valued at $3,215,000 after acquiring an additional 125 shares during the last quarter. Stifel Financial Corp grew its position in Performance Food Group by 4.6% in the 4th quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock valued at $248,000 after acquiring an additional 130 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Performance Food Group by 1.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 8,124 shares of the food distribution company's stock valued at $711,000 after acquiring an additional 131 shares during the last quarter. Finally, Spirepoint Private Client LLC grew its holdings in shares of Performance Food Group by 2.7% in the second quarter. Spirepoint Private Client LLC now owns 7,082 shares of the food distribution company's stock worth $619,000 after purchasing an additional 184 shares during the last quarter. 96.87% of the stock is currently owned by institutional investors.

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.

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