Performance Food Group (NYSE:PFGC) received a $35.00 price target from investment analysts at Loop Capital in a research note issued to investors on Friday. The firm currently has a “buy” rating on the restaurant operator’s stock. Loop Capital’s price target indicates a potential upside of 14.57% from the company’s previous close.
A number of other equities research analysts also recently commented on the company. TheStreet downgraded Performance Food Group from a “b-” rating to a “c” rating in a research report on Monday, November 27th. BidaskClub upgraded Performance Food Group from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Wells Fargo & Company reiterated a “hold” rating on shares of Performance Food Group in a research report on Thursday, August 17th. BMO Capital Markets increased their price objective on Performance Food Group from $30.00 to $33.00 and gave the company an “outperform” rating in a research report on Wednesday, September 13th. Finally, Zacks Investment Research upgraded Performance Food Group from a “hold” rating to a “buy” rating and set a $32.00 price objective for the company in a research report on Thursday, October 5th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Performance Food Group presently has a consensus rating of “Buy” and a consensus target price of $30.88.
Performance Food Group (NYSE PFGC) traded down $0.90 on Friday, reaching $30.55. The company’s stock had a trading volume of 1,014,900 shares, compared to its average volume of 816,550. The firm has a market capitalization of $3,290.87, a P/E ratio of 24.01, a price-to-earnings-growth ratio of 1.21 and a beta of -0.21. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.55 and a quick ratio of 0.80. Performance Food Group has a 12-month low of $21.70 and a 12-month high of $31.80.
In other Performance Food Group news, Director William F. Dawson, Jr. sold 6,272,914 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $29.68, for a total transaction of $186,180,087.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Craig Howard Hoskins sold 4,450 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $27.81, for a total transaction of $123,754.50. Following the sale, the insider now directly owns 175,993 shares in the company, valued at $4,894,365.33. The disclosure for this sale can be found here. Insiders have sold a total of 16,277,364 shares of company stock valued at $467,703,842 in the last quarter. Insiders own 3.70% of the company’s stock.
A number of large investors have recently made changes to their positions in the business. Bayesian Capital Management LP raised its stake in Performance Food Group by 2.9% during the 2nd quarter. Bayesian Capital Management LP now owns 8,900 shares of the restaurant operator’s stock valued at $244,000 after purchasing an additional 255 shares during the period. Macquarie Group Ltd. raised its stake in Performance Food Group by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 89,813 shares of the restaurant operator’s stock valued at $2,461,000 after purchasing an additional 683 shares during the period. California Public Employees Retirement System raised its stake in Performance Food Group by 2.1% during the 2nd quarter. California Public Employees Retirement System now owns 39,600 shares of the restaurant operator’s stock valued at $1,085,000 after purchasing an additional 800 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Performance Food Group by 25.6% in the second quarter. Public Employees Retirement System of Ohio now owns 5,780 shares of the restaurant operator’s stock worth $158,000 after acquiring an additional 1,177 shares during the last quarter. Finally, Keybank National Association OH increased its stake in shares of Performance Food Group by 5.7% in the third quarter. Keybank National Association OH now owns 47,050 shares of the restaurant operator’s stock worth $1,329,000 after acquiring an additional 2,525 shares during the last quarter. 82.36% of the stock is currently owned by institutional investors.
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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.
