Today, Performance Food Group Co. (PFGC) Insider Buys $218,496.00 in Stock

Today, Performance Food Group Co. (PFGC) Insider Buys $218,496.00 in Stock
Performance Food Group Co. (NYSE:PFGC) insider James D. Hope bought 9,600 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was bought at an average cost of $22.76 per share, for a total transaction of $218,496.00. Following the completion of the transaction, the insider now directly owns 63,657 shares of the company’s stock, valued at approximately $1,448,833.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Performance Food Group Co. (NYSE:PFGC) opened at 22.60 on Friday. Performance Food Group Co. has a 12 month low of $20.00 and a 12 month high of $28.13. The firm’s 50-day moving average is $24.14 and its 200-day moving average is $25.38. The firm has a market capitalization of $2.34 billion and a PE ratio of 33.48.

Performance Food Group (NYSE:PFGC) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by $0.03. The company had revenue of $4 billion for the quarter, compared to analyst estimates of $4.08 billion. Performance Food Group had a return on equity of 12.69% and a net margin of 0.42%. Performance Food Group’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 EPS. On average, equities research analysts expect that Performance Food Group Co. will post $1.25 EPS for the current year.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Performance Food Group from a “hold” rating to a “sell” rating in a research report on Saturday, November 12th. Credit Suisse Group AG set a $27.00 target price on shares of Performance Food Group and gave the stock a “buy” rating in a research report on Tuesday, November 8th. Pivotal Research decreased their target price on shares of Performance Food Group from $25.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, November 9th. BMO Capital Markets assumed coverage on shares of Performance Food Group in a research report on Thursday, October 13th. They set an “outperform” rating and a $28.00 price target on the stock. Finally, Barclays PLC assumed coverage on shares of Performance Food Group in a research report on Friday, September 23rd. They set an “overweight” rating and a $28.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $26.60.

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in Performance Food Group by 452.1% in the first quarter. Goldman Sachs Group Inc. now owns 56,602 shares of the company’s stock valued at $1,322,000 after buying an additional 46,349 shares during the last quarter. LPL Financial LLC bought a new stake in Performance Food Group during the first quarter valued at about $899,000. Acadian Asset Management LLC increased its stake in Performance Food Group by 3,762.3% in the second quarter. Acadian Asset Management LLC now owns 19,041 shares of the company’s stock valued at $512,000 after buying an additional 18,548 shares during the last quarter. RS Investment Management Co. LLC increased its stake in Performance Food Group by 14.0% in the second quarter. RS Investment Management Co. LLC now owns 910,382 shares of the company’s stock valued at $24,498,000 after buying an additional 111,853 shares during the last quarter. Finally, Smith Asset Management Group LP bought a new stake in Performance Food Group during the second quarter valued at about $122,000. Hedge funds and other institutional investors own 78.84% of the company’s stock.

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