Hugh Patrick Hatcher Sells 3,000 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group Company (NYSE:PFGC) insider Hugh Hatcher sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $99.18, for a total transaction of $297,540.00. Following the sale, the insider directly owned 58,167 shares of the company’s stock, valued at approximately $5,769,003.06. This trade represents a 4.90% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Performance Food Group Trading Down 0.2%

Shares of PFGC stock opened at $99.15 on Friday. The stock has a market cap of $15.62 billion, a price-to-earnings ratio of 43.30, a price-to-earnings-growth ratio of 1.28 and a beta of 0.88. The company has a quick ratio of 0.67, a current ratio of 1.51 and a debt-to-equity ratio of 1.34. Performance Food Group Company has a fifty-two week low of $80.82 and a fifty-two week high of $117.47. The firm’s 50 day moving average price is $109.56 and its two-hundred day moving average price is $98.78.

Performance Food Group (NYSE:PFGC) last released 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 return on equity of 15.15% and a net margin of 0.53%.The business had revenue of $18.03 billion for the quarter, compared to analysts’ expectations of $18.11 billion. During the same quarter in the prior year, the firm earned $0.84 earnings per share. Performance Food Group’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, analysts anticipate that Performance Food Group Company will post 5.58 EPS for the current year.

Hedge Funds Weigh In On Performance Food Group

A number of institutional investors have recently added to or reduced their stakes in PFGC. BlackRock Inc. acquired a new position in shares of Performance Food Group in the second quarter worth about $1,576,983,000. Goldman Sachs Group Inc. grew its stake in Performance Food Group by 9.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,400,934 shares of the food distribution company’s stock valued at $125,972,000 after purchasing an additional 121,202 shares in the last quarter. Kennedy Capital Management LLC grew its stake in Performance Food Group by 7.3% during the 4th quarter. Kennedy Capital Management LLC now owns 207,351 shares of the food distribution company’s stock valued at $18,645,000 after purchasing an additional 14,173 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Performance Food Group by 30.9% during the 4th quarter. Hsbc Holdings PLC now owns 48,951 shares of the food distribution company’s stock worth $4,408,000 after purchasing an additional 11,569 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in Performance Food Group during the 4th quarter worth approximately $81,020,000. Institutional investors and hedge funds own 96.87% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on PFGC shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $133.00 price objective on shares of Performance Food Group in a research report on Thursday, August 13th. Guggenheim increased their target price on Performance Food Group from $115.00 to $125.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Citigroup raised their target price on Performance Food Group from $143.00 to $144.00 and gave the company a “buy” rating in a report on Thursday, August 13th. Morgan Stanley boosted their price target 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. Finally, TD Cowen decreased their price target on Performance Food Group from $128.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, August 13th. Twelve equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.90.

Performance Food Group Company Profile

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.