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 company’s stock in a transaction that occurred on Friday, December 20th. The shares were sold at an average price of $84.60, for a total transaction of $1,733,961.60. Following the transaction, the insider now owns 172,372 shares in the company, valued at $14,582,671.20. The trade was a 10.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Craig Howard Hoskins also recently made the following trade(s):

• On Wednesday, November 27th, Craig Howard Hoskins sold 20,496 shares of Performance Food Group stock. The shares were sold at an average price of $88.28, for a total value of $1,809,386.88.

Performance Food Group Price Performance

NYSE:PFGC opened at $85.22 on Wednesday. The stock has a market capitalization of $13.28 billion, a PE ratio of 31.45, a price-to-earnings-growth ratio of 0.95 and a beta of 1.44. The stock’s 50-day moving average price is $85.41 and its 200-day moving average price is $75.91. The company has a quick ratio of 0.73, a current ratio of 1.70 and a debt-to-equity ratio of 1.12. Performance Food Group has a 52 week low of $61.60 and a 52 week high of $92.44.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data 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). Performance Food Group had a net margin of 0.72% and a return on equity of 16.66%. The company had revenue of $15.42 billion for the quarter, compared to analysts’ expectations of $15.22 billion. During the same period in the previous year, the business earned $1.15 earnings per share. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, equities analysts expect that Performance Food Group will post 4.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on PFGC shares. BMO Capital Markets lifted their price target on Performance Food Group from $87.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. Melius assumed coverage on Performance Food Group in a research report on Wednesday, December 18th. They issued a “hold” rating and a $95.00 target price on the stock. Jefferies Financial Group raised their price target 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. Wells Fargo & Company upped their price objective on shares of Performance Food Group from $83.00 to $88.00 and gave the company an “overweight” rating in a report on Wednesday, October 9th. Finally, Truist Financial raised their target price on shares of Performance Food Group from $88.00 to $101.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Three research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.33.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PFGC. Blue Trust Inc. raised its position in shares of Performance Food Group by 281.4% in the third quarter. Blue Trust Inc. now owns 328 shares of the food distribution company’s stock valued at $26,000 after buying an additional 242 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in Performance Food Group during the 3rd quarter valued at about $26,000. Innealta Capital LLC acquired a new stake in Performance Food Group in the 2nd quarter valued at about $30,000. Venturi Wealth Management LLC lifted its stake 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 worth $32,000 after purchasing an additional 274 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Performance Food Group by 414.8% during the 3rd quarter. UMB Bank n.a. now owns 453 shares of the food distribution company’s stock worth $36,000 after purchasing an additional 365 shares during the last quarter. 96.87% of the stock is owned by institutional investors and hedge funds.

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.