Performance Food Group Company (NYSE:PFGC) insider James D. Hope purchased 3,575 shares of Performance Food Group stock in a transaction dated Friday, August 25th. The shares were purchased at an average price of $26.99 per share, with a total value of $96,489.25. Following the completion of the acquisition, the insider now owns 65,480 shares in the company, valued at $1,767,305.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Performance Food Group Company (NYSE:PFGC) traded up 0.56% during mid-day trading on Friday, hitting $26.95. The stock had a trading volume of 746,184 shares. Performance Food Group Company has a one year low of $19.95 and a one year high of $29.25. The stock’s 50 day moving average price is $27.75 and its 200 day moving average price is $25.95. The firm has a market capitalization of $2.80 billion, a price-to-earnings ratio of 28.98 and a beta of -0.31.
Performance Food Group (NYSE:PFGC) last posted its earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by $0.02. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.46 billion. Performance Food Group had a return on equity of 15.05% and a net margin of 0.57%. The company’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. Analysts forecast that Performance Food Group Company will post $1.43 EPS for the current year.
Several research firms recently weighed in on PFGC. Guggenheim restated a “buy” rating and issued a $26.80 target price on shares of Performance Food Group in a report on Tuesday, June 27th. BidaskClub upgraded Performance Food Group from a “hold” rating to a “buy” rating in a report on Thursday. Loop Capital began coverage on Performance Food Group in a report on Monday, May 15th. They issued a “buy” rating and a $35.00 target price for the company. Barclays PLC restated a “hold” rating and issued a $28.00 target price on shares of Performance Food Group in a report on Friday, May 12th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Performance Food Group in a report on Tuesday, August 8th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $28.31.
Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new stake in Performance Food Group during the fourth quarter valued at about $629,000. Teachers Advisors LLC increased its stake in Performance Food Group by 31.7% in the fourth quarter. Teachers Advisors LLC now owns 80,236 shares of the restaurant operator’s stock valued at $1,926,000 after buying an additional 19,313 shares in the last quarter. UMB Bank N A MO increased its stake in Performance Food Group by 5.3% in the first quarter. UMB Bank N A MO now owns 15,800 shares of the restaurant operator’s stock valued at $376,000 after buying an additional 800 shares in the last quarter. Wells Fargo & Company MN increased its stake in Performance Food Group by 58.9% in the first quarter. Wells Fargo & Company MN now owns 199,243 shares of the restaurant operator’s stock valued at $4,742,000 after buying an additional 73,864 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Performance Food Group by 187.0% in the first quarter. Great West Life Assurance Co. Can now owns 6,600 shares of the restaurant operator’s stock valued at $156,000 after buying an additional 4,300 shares in the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.
About Performance Food Group
Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products. The Company operates through three segments: Performance Foodservice, PFG Customized and Vistar. The Performance Foodservice segment distributes a range of national brands, customer brands, and branded food and food-related products.
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