Performance Food Group Company (NYSE:PFGC) was upgraded by research analysts at TheStreet from a “c” rating to a “b-” rating in a research note issued on Monday.

Several other brokerages have also commented on PFGC. BMO Capital Markets lifted their price objective on shares of Performance Food Group from $30.00 to $33.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 13th. Morgan Stanley lifted their price objective on shares of Performance Food Group from $27.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 13th. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a research report on Thursday. BidaskClub raised shares of Performance Food Group from a “hold” rating to a “buy” rating in a research report on Monday, September 18th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $33.00 price objective (up previously from $31.00) on shares of Performance Food Group in a research report on Wednesday, September 6th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Performance Food Group presently has a consensus rating of “Hold” and a consensus price target of $29.30.

Shares of Performance Food Group (PFGC) traded up 0.18% during mid-day trading on Monday, hitting $28.55. The stock had a trading volume of 1,025,655 shares. Performance Food Group has a one year low of $19.95 and a one year high of $29.90. The stock has a market cap of $2.97 billion, a price-to-earnings ratio of 30.70 and a beta of -0.27. The firm has a 50 day moving average of $28.09 and a 200 day moving average of $26.93.

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 consensus estimate of $0.50 by ($0.02). The company had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $4.46 billion. Performance Food Group had a return on equity of 14.73% and a net margin of 0.57%. The business’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.38 EPS. On average, analysts forecast that Performance Food Group will post $1.43 earnings per share for the current year.

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In other Performance Food Group news, insider James D. Hope bought 3,575 shares of Performance Food Group stock in a transaction dated Friday, August 25th. The stock was purchased at an average price of $26.99 per share, for a total transaction of $96,489.25. Following the completion of the purchase, the insider now directly owns 65,480 shares of the company’s stock, valued at $1,767,305.20. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Wellspring Capital Partners Iv sold 5,000,000 shares of Performance Food Group stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $28.25, for a total transaction of $141,250,000.00. The disclosure for this sale can be found here. 3.50% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of PFGC. FMR LLC increased its stake in shares of Performance Food Group by 344.4% in the first quarter. FMR LLC now owns 12,255,431 shares of the restaurant operator’s stock worth $291,680,000 after purchasing an additional 9,497,642 shares in the last quarter. Wellington Management Group LLP purchased a new position in shares of Performance Food Group in the first quarter worth about $70,404,000. Vanguard Group Inc. increased its stake in shares of 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 worth $137,588,000 after purchasing an additional 2,095,631 shares in the last quarter. BlackRock Inc. increased its stake in shares of Performance Food Group by 62.4% in the second quarter. BlackRock Inc. now owns 5,336,665 shares of the restaurant operator’s stock worth $146,224,000 after purchasing an additional 2,049,633 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of 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 worth $96,631,000 after purchasing an additional 1,738,128 shares in the last quarter. Hedge funds and other institutional investors own 78.69% of the company’s stock.

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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