Performance Food Group Company (NYSE:PFGC) Insider Hugh Patrick Hatcher Sells 2,000 Shares

Performance Food Group Company (NYSE:PFGC - Get Free Report) insider Hugh Patrick Hatcher sold 2,000 shares of the company's stock in a transaction on Friday, July 11th. The shares were sold at an average price of $95.00, for a total transaction of $190,000.00. Following the completion of the transaction, the insider owned 35,239 shares in the company, valued at approximately $3,347,705. This represents a 5.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Performance Food Group Price Performance

Shares of PFGC stock traded down $0.73 during trading hours on Thursday, reaching $99.18. The company's stock had a trading volume of 2,769,996 shares, compared to its average volume of 1,139,539. Performance Food Group Company has a fifty-two week low of $63.24 and a fifty-two week high of $100.46. The firm's 50 day simple moving average is $88.36 and its 200-day simple moving average is $84.12. The company has a quick ratio of 0.73, a current ratio of 1.61 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $15.48 billion, a price-to-earnings ratio of 41.32, a PEG ratio of 1.40 and a beta of 1.15.

Performance Food Group (NYSE:PFGC - Get Free Report) last released its earnings results on Wednesday, May 7th. The food distribution company reported $0.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.07). The business had revenue of $15.31 billion during the quarter, compared to the consensus estimate of $15.41 billion. Performance Food Group had a net margin of 0.61% and a return on equity of 16.17%. The business's revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. Sell-side analysts forecast that Performance Food Group Company will post 4.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PFGC shares. UBS Group lifted their price target on Performance Food Group from $103.00 to $110.00 and gave the stock a "buy" rating in a report on Thursday, May 29th. Morgan Stanley boosted their target price on shares of Performance Food Group from $93.00 to $96.00 and gave the company an "equal weight" rating in a research report on Monday. Truist Financial lowered their price target on shares of Performance Food Group from $104.00 to $101.00 and set a "buy" rating on the stock in a research report on Thursday, May 8th. Barclays lifted their price objective on shares of Performance Food Group from $100.00 to $112.00 and gave the stock an "overweight" rating in a research note on Thursday, May 29th. Finally, Sanford C. Bernstein set a $112.00 target price on shares of Performance Food Group and gave the stock an "overweight" rating in a research report on Thursday, May 29th. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $100.31.

Institutional Trading of Performance Food Group

Hedge funds have recently added to or reduced their stakes in the stock. HighPoint Advisor Group LLC increased its stake in shares of Performance Food Group by 2.7% in the fourth quarter. HighPoint Advisor Group LLC now owns 4,630 shares of the food distribution company's stock valued at $389,000 after buying an additional 121 shares during the period. Stifel Financial Corp grew its holdings in Performance Food Group by 4.6% during the 4th quarter. Stifel Financial Corp now owns 2,934 shares of the food distribution company's stock worth $248,000 after acquiring an additional 130 shares during the last quarter. Spirepoint Private Client LLC increased its position in Performance Food Group by 2.7% in the 2nd quarter. Spirepoint Private Client LLC now owns 7,082 shares of the food distribution company's stock valued at $619,000 after acquiring an additional 184 shares during the period. CWM LLC raised its stake in shares of Performance Food Group by 8.6% during the first quarter. CWM LLC now owns 2,332 shares of the food distribution company's stock valued at $183,000 after acquiring an additional 185 shares during the last quarter. Finally, QRG Capital Management Inc. lifted its holdings in shares of Performance Food Group by 4.7% during the first quarter. QRG Capital Management Inc. now owns 4,656 shares of the food distribution company's stock worth $366,000 after purchasing an additional 208 shares during the period. 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.