Craig Howard Hoskins Sells 20,496 Shares of Performance Food Group (NYSE:PFGC) Stock

Performance Food Group (NYSE:PFGC) insider Craig Howard Hoskins sold 20,496 shares of the business’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $88.28, for a total value of $1,809,386.88. Following the completion of the transaction, the insider now directly owns 192,868 shares of the company’s stock, valued at approximately $17,026,387.04. This trade represents a 9.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Performance Food Group Stock Performance

NYSE PFGC opened at $88.59 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.70 and a quick ratio of 0.73. Performance Food Group has a 1-year low of $61.60 and a 1-year high of $89.73. The company has a market cap of $13.80 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The stock’s 50 day simple moving average is $82.97 and its 200-day simple moving average is $74.16.

Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, November 6th. The food distribution company reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by ($0.06). The business had revenue of $15.42 billion for the quarter, compared to analyst estimates of $15.22 billion. Performance Food Group had a return on equity of 16.66% and a net margin of 0.72%. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm earned $1.15 EPS. As a group, equities research analysts anticipate that Performance Food Group will post 4.73 EPS for the current fiscal year.

Institutional Trading of Performance Food Group

Several large investors have recently bought and sold shares of PFGC. Blue Trust Inc. lifted its stake in Performance Food Group by 281.4% in the 3rd quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock worth $26,000 after purchasing an additional 242 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Performance Food Group during the third quarter worth approximately $26,000. Innealta Capital LLC acquired a new position in Performance Food Group during the second quarter worth $30,000. Venturi Wealth Management LLC grew its holdings in Performance Food Group by 203.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 409 shares of the food distribution company’s stock valued at $32,000 after buying an additional 274 shares in the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Performance Food Group by 414.8% in the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after acquiring an additional 365 shares during the last quarter. Hedge funds and other institutional investors own 96.87% of the company’s stock.

Analyst Upgrades and Downgrades

PFGC has been the subject of a number of analyst reports. UBS Group boosted their price target on Performance Food Group from $98.00 to $102.00 and gave the company a “buy” rating in a report on Thursday, November 7th. Guggenheim boosted their target price on shares of Performance Food Group from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, November 7th. Piper Sandler raised their price target on shares of Performance Food Group from $79.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Jefferies Financial Group upped their price objective on shares of Performance Food Group from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Finally, BMO Capital Markets increased their target price on shares of Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.27.

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.