Performance Food Group Co (PFGC) Receives Consensus Rating of “Buy” from Analysts

Shares of Performance Food Group Co (NYSE:PFGC) have received a consensus recommendation of “Buy” from the thirteen brokerages that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $33.44.

Several analysts have weighed in on the stock. Wells Fargo & Co upgraded shares of Performance Food Group from a “market perform” rating to an “outperform” rating in a research note on Friday, November 3rd. BMO Capital Markets reiterated a “buy” rating and set a $37.00 target price on shares of Performance Food Group in a research note on Wednesday, February 7th. BidaskClub upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Tuesday, December 19th. Finally, Loop Capital boosted their target price on shares of Performance Food Group to $40.00 and gave the company a “positive” rating in a research note on Friday, February 2nd.

Performance Food Group (NYSE PFGC) traded up $0.35 during mid-day trading on Wednesday, reaching $30.65. 127,570 shares of the company’s stock traded hands, compared to its average volume of 636,627. The company has a current ratio of 1.67, a quick ratio of 0.86 and a debt-to-equity ratio of 1.38. Performance Food Group has a 12-month low of $22.30 and a 12-month high of $35.25. The company has a market capitalization of $3,224.01, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 0.93 and a beta of -0.12.

Performance Food Group (NYSE:PFGC) last released its earnings results on Wednesday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. Performance Food Group had a net margin of 1.24% and a return on equity of 15.69%. The firm had revenue of $4.31 billion during the quarter, compared to analyst estimates of $4.35 billion. During the same quarter in the previous year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. equities research analysts predict that Performance Food Group will post 1.6 earnings per share for the current fiscal year.

In other news, Director William F. Dawson, Jr. sold 5,000,000 shares of the company’s stock in a transaction dated Friday, November 24th. The shares were sold at an average price of $28.03, for a total transaction of $140,150,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Craig Howard Hoskins sold 12,533 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $30.49, for a total transaction of $382,131.17. Following the transaction, the insider now owns 149,744 shares of the company’s stock, valued at approximately $4,565,694.56. The disclosure for this sale can be found here. Insiders have sold 11,285,447 shares of company stock valued at $326,712,219 in the last 90 days. Insiders own 3.70% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in PFGC. Public Employees Retirement Association of Colorado bought a new position in shares of Performance Food Group during the fourth quarter worth about $103,000. Strs Ohio grew its position in Performance Food Group by 4,700.0% in the 3rd quarter. Strs Ohio now owns 4,800 shares of the restaurant operator’s stock valued at $135,000 after buying an additional 4,700 shares in the last quarter. Balter Liquid Alternatives LLC bought a new position in Performance Food Group in the 4th quarter valued at about $136,000. Public Employees Retirement System of Ohio grew its position in Performance Food Group by 25.6% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,780 shares of the restaurant operator’s stock valued at $158,000 after buying an additional 1,177 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Performance Food Group by 42.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,979 shares of the restaurant operator’s stock valued at $165,000 after buying an additional 1,478 shares in the last quarter. Institutional investors and hedge funds own 83.09% of the company’s stock.

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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.

Analyst Recommendations for Performance Food Group (NYSE:PFGC)

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