Performance Food Group Company (PFGC) Receives Hold Rating from Wells Fargo & Company
Performance Food Group Company (NYSE:PFGC)‘s stock had its “hold” rating reaffirmed by Wells Fargo & Company in a report issued on Thursday.
A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered Performance Food Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Loop Capital initiated coverage on Performance Food Group in a research report on Monday, May 15th. They issued a “buy” rating and a $35.00 target price for the company. BidaskClub lowered Performance Food Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, June 22nd. BMO Capital Markets reissued a “buy” rating and issued a $28.00 target price on shares of Performance Food Group in a research report on Thursday, May 4th. Finally, Guggenheim boosted their target price on Performance Food Group from $20.00 to $30.00 in a research report on Friday, June 16th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $28.31.
Performance Food Group (PFGC) opened at 26.35 on Thursday. The firm’s 50-day moving average is $27.73 and its 200 day moving average is $25.72. The firm has a market cap of $2.73 billion, a P/E ratio of 31.63 and a beta of -0.31. Performance Food Group has a 12-month low of $19.95 and a 12-month high of $29.25.
Performance Food Group (NYSE:PFGC) last issued its earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.02. Performance Food Group had a return on equity of 13.92% and a net margin of 0.51%. The business had revenue of $4.43 billion during the quarter, compared to analysts’ expectations of $4.46 billion. During the same period last year, the firm posted $0.38 EPS. Performance Food Group’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities analysts forecast that Performance Food Group will post $1.26 earnings per share for the current year.
In other Performance Food Group news, insider James D. Hope purchased 2,000 shares of Performance Food Group stock in a transaction dated Monday, May 22nd. The stock was purchased at an average price of $27.85 per share, with a total value of $55,700.00. Following the transaction, the insider now directly owns 66,657 shares of the company’s stock, valued at $1,856,397.45. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, insider Craig Howard Hoskins sold 7,600 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $27.66, for a total transaction of $210,216.00. Following the sale, the insider now directly owns 183,581 shares of the company’s stock, valued at approximately $5,077,850.46. The disclosure for this sale can be found here. 3.50% of the stock is owned by corporate insiders.
Several large investors have recently added to or reduced their stakes in PFGC. FMR LLC raised its stake in Performance Food Group by 344.4% in the first quarter. FMR LLC now owns 12,255,431 shares of the restaurant operator’s stock valued at $291,680,000 after buying an additional 9,497,642 shares during the last quarter. Wellington Management Group LLP acquired a new stake in Performance Food Group during the first quarter valued at approximately $70,404,000. Vanguard Group Inc. raised its stake in Performance Food Group by 56.9% in the first quarter. Vanguard Group Inc. now owns 5,780,990 shares of the restaurant operator’s stock valued at $137,588,000 after buying an additional 2,095,631 shares during the last quarter. BlackRock Inc. raised its stake in Performance Food Group by 62.4% in the second quarter. BlackRock Inc. now owns 5,336,665 shares of the restaurant operator’s stock valued at $146,224,000 after buying an additional 2,049,633 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Performance Food Group by 97.2% in the second quarter. Victory Capital Management Inc. now owns 3,526,649 shares of the restaurant operator’s stock valued at $96,631,000 after buying an additional 1,738,128 shares during the last quarter. 83.33% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Performance Food Group Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Performance Food Group Company and related companies with MarketBeat.com's FREE daily email newsletter.