Performance Food Group (NYSE:PFGC) Insider Chasity Grosh Sells 643 Shares of Stock

Performance Food Group Company (NYSE:PFGC) insider Chasity Grosh sold 643 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $104.42, for a total transaction of $67,142.06. Following the completion of the sale, the insider directly owned 7,222 shares in the company, valued at approximately $754,121.24. The trade was a 8.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Performance Food Group Price Performance

Shares of PFGC opened at $105.89 on Tuesday. The business’s 50-day moving average is $110.13 and its two-hundred day moving average is $98.33. The company has a market capitalization of $16.68 billion, a P/E ratio of 46.24, a P/E/G ratio of 1.35 and a beta of 0.91. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $117.47. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.67 and a current ratio of 1.51.

Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, August 12th. The food distribution company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.60 by ($0.01). Performance Food Group had a net margin of 0.53% and a return on equity of 15.15%. The company had revenue of $18.03 billion during the quarter, compared to analyst estimates of $18.11 billion. During the same period last year, the firm earned $0.84 EPS. The business’s quarterly revenue was up 6.7% compared to the same quarter last year. Research analysts predict that Performance Food Group Company will post 5.58 earnings per share for the current year.

Institutional Trading of Performance Food Group

Several institutional investors have recently bought and sold shares of the business. Cedar Mountain Advisors LLC purchased a new stake in shares of Performance Food Group in the first quarter valued at approximately $28,000. Asset Planning Inc acquired a new position in shares of Performance Food Group during the 1st quarter worth approximately $35,000. Torren Management LLC purchased a new position in shares of Performance Food Group during the 4th quarter valued at approximately $41,000. Lloyd Advisory Services LLC. purchased a new position in shares of Performance Food Group during the 4th quarter valued at approximately $43,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Performance Food Group in the 2nd quarter valued at $51,000. 96.87% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on PFGC shares. Morgan Stanley upped their price objective on Performance Food Group from $120.00 to $131.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Barclays lifted their target price on shares of Performance Food Group from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Performance Food Group in a research note on Thursday, August 13th. Guggenheim increased their price target on shares of Performance Food Group from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Finally, Weiss Ratings raised shares of Performance Food Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, August 13th. Eleven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.90.

More Performance Food Group News

Here are the key news stories impacting Performance Food Group this week:

• Neutral Sentiment: Performance Food Group announced that board member Sc… resigned on August 24. The available report does not provide details on the reason for the departure, limiting the immediate assessment of its impact. Performance Food Group Announces Board Member Resignation
• Negative Sentiment: Several insiders sold a combined 19,030 shares in transactions executed August 20–21 at prices around $104.21–$104.43. While the sales are relatively small compared with the company’s overall market value, the concentration of selling may weigh on sentiment by signaling that insiders are reducing exposure. SEC insider trading filing SEC insider trading filing SEC insider trading filing
• Negative Sentiment: Erika T. Davis sold 9,186 shares for approximately $957,520, reducing her holdings by about 18.1% across the two reported transactions. A. Brent King sold 9,201 shares worth approximately $959,095, cutting his position by about 16.8%. Chasity D. Grosh sold 643 shares for roughly $67,142, an 8.2% reduction. These transactions are not necessarily evidence of deteriorating business conditions, as insiders may sell for personal or compensation-related reasons, but the timing and volume could create short-term selling pressure.

About Performance Food Group

Performance Food Group Company (NYSE: PFGC) is a leading foodservice distribution company headquartered in Richmond, Virginia. The company operates through multiple segments, offering a broad range of products including fresh, frozen and dry foods, as well as non-food items such as supplies, paper goods and equipment. Performance Food Group serves a diverse customer base that encompasses independent and multi-unit restaurants, healthcare facilities, hospitality venues, schools, and other institutional customers.

Through its national broadline division, Performance Food Group provides next-day delivery of products sourced from both company-owned processing facilities and third-party suppliers.