Performance Food Group Company (NYSE:PFGC) has been assigned a $27.00 price objective by investment analysts at Royal Bank Of Canada in a report issued on Tuesday. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 0.37% from the company’s current price.

PFGC has been the topic of several other research reports. BidaskClub downgraded shares of Performance Food Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a report on Friday, May 12th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Performance Food Group in a report on Tuesday, May 16th. Guggenheim upped their price target on shares of Performance Food Group from $20.00 to $30.00 in a report on Friday, June 16th. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $28.00 price target on shares of Performance Food Group in a report on Thursday, May 4th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Performance Food Group has an average rating of “Buy” and an average target price of $28.31.

Performance Food Group (NYSE PFGC) traded down 3.067% during mid-day trading on Tuesday, reaching $26.075. 552,984 shares of the company’s stock were exchanged. Performance Food Group has a 1-year low of $19.95 and a 1-year high of $29.25. The stock has a market capitalization of $2.71 billion, a PE ratio of 31.303 and a beta of -0.31. The firm’s 50-day moving average is $27.77 and its 200 day moving average is $25.69.

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In other news, major shareholder Holdings L.P. Blackstone III sold 13,700,465 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $27.41, for a total value of $375,529,745.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider George L. Holm sold 102,200 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $28.23, for a total transaction of $2,885,106.00. Following the completion of the transaction, the insider now directly owns 2,040,936 shares of the company’s stock, valued at approximately $57,615,623.28. The disclosure for this sale can be found here. In the last three months, insiders sold 13,810,265 shares of company stock valued at $378,625,068. Company insiders own 3.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD bought a new position in shares of Performance Food Group during the fourth quarter valued at approximately $49,007,000. Brant Point Investment Management LLC bought a new position in shares of Performance Food Group during the fourth quarter valued at approximately $5,852,000. Federated Investors Inc. PA bought a new position in shares of Performance Food Group during the fourth quarter valued at approximately $3,041,000. Massachusetts Financial Services Co. MA bought a new position in shares of Performance Food Group during the fourth quarter valued at approximately $12,576,000. Finally, Ameriprise Financial Inc. bought a new position in shares of Performance Food Group during the fourth quarter valued at approximately $26,425,000. 83.33% of the stock is owned by hedge funds and other institutional investors.

Performance Food Group Company Profile

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.

Analyst Recommendations for Performance Food Group (NYSE:PFGC)

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