Performance Food Group Company (NYSE:PFGC) has been given an average recommendation of “Hold” by the thirteen research firms that are covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $29.00.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Wednesday, June 14th. BMO Capital Markets set a $30.00 target price on shares of Performance Food Group and gave the company a “buy” rating in a research note on Tuesday, June 27th. Wells Fargo & Company reissued a “buy” rating on shares of Performance Food Group in a research note on Tuesday, August 8th. Royal Bank Of Canada set a $27.00 target price on shares of Performance Food Group and gave the company a “hold” rating in a research note on Tuesday, August 15th. Finally, BidaskClub raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Thursday, August 24th.

In other Performance Food Group news, insider James D. Hope bought 3,575 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average price of $26.99 per share, with a total value of $96,489.25. Following the completion of the purchase, the insider now directly owns 65,480 shares in the company, valued at approximately $1,767,305.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of PFGC. Teachers Advisors LLC grew its stake in Performance Food Group by 31.7% during the fourth quarter. Teachers Advisors LLC now owns 80,236 shares of the restaurant operator’s stock worth $1,926,000 after buying an additional 19,313 shares during the last quarter. Wells Fargo & Company MN grew its stake in Performance Food Group by 58.9% during the first quarter. Wells Fargo & Company MN now owns 199,243 shares of the restaurant operator’s stock worth $4,742,000 after buying an additional 73,864 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in Performance Food Group by 187.0% during the first quarter. Great West Life Assurance Co. Can now owns 6,600 shares of the restaurant operator’s stock worth $156,000 after buying an additional 4,300 shares during the last quarter. First Trust Advisors LP grew its stake in Performance Food Group by 158.1% during the first quarter. First Trust Advisors LP now owns 50,511 shares of the restaurant operator’s stock worth $1,202,000 after buying an additional 30,939 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in Performance Food Group by 85.2% during the first quarter. Advisors Asset Management Inc. now owns 8,058 shares of the restaurant operator’s stock worth $192,000 after buying an additional 3,706 shares during the last quarter. 79.07% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Performance Food Group (NYSE PFGC) traded up 0.18% during trading on Friday, reaching $28.45. The company’s stock had a trading volume of 2,509,841 shares. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 30.59 and a beta of -0.28. The company’s 50-day moving average price is $27.75 and its 200 day moving average price is $26.41. Performance Food Group has a 1-year low of $19.95 and a 1-year high of $29.90.

Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, August 16th. The restaurant operator reported $0.48 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.02). The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.46 billion. Performance Food Group had a net margin of 0.57% and a return on equity of 14.73%. The firm’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. Analysts anticipate that Performance Food Group will post $1.43 EPS for the current year.

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.

Analyst Recommendations for Performance Food Group (NYSE:PFGC)

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