Performance Food Group (NYSE:PFGC) Releases FY 2020 Earnings Guidance

Performance Food Group (NYSE:PFGC) updated its FY 2020 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.92-2.04 for the period, compared to the Thomson Reuters consensus estimate of $1.78.

Several brokerages have recently commented on PFGC. Zacks Investment Research lowered Performance Food Group from a hold rating to a sell rating in a research note on Tuesday, July 16th. Loop Capital set a $48.00 price target on Performance Food Group and gave the stock a buy rating in a research note on Friday, July 5th. Wells Fargo & Co boosted their price target on Performance Food Group from $45.00 to $50.00 and gave the stock an outperform rating in a research note on Tuesday, July 30th. BMO Capital Markets lifted their price objective on Performance Food Group to $48.00 and gave the stock a positive rating in a research report on Friday, July 12th. Finally, Bank of America started coverage on Performance Food Group in a research report on Wednesday, April 17th. They set a buy rating and a $45.00 price objective for the company. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. Performance Food Group currently has a consensus rating of Hold and an average target price of $41.90.

Shares of Performance Food Group stock opened at $43.80 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.45 and a quick ratio of 0.75. Performance Food Group has a 1 year low of $28.05 and a 1 year high of $44.62. The firm has a market cap of $4.61 billion, a P/E ratio of 28.44, a P/E/G ratio of 1.88 and a beta of 0.66. The stock’s 50 day moving average is $42.31.

In other Performance Food Group news, insider Patrick T. Hagerty sold 7,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $38.99, for a total value of $272,930.00. Following the completion of the transaction, the insider now directly owns 155,006 shares in the company, valued at approximately $6,043,683.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 21,000 shares of company stock valued at $861,280 over the last quarter. 3.80% of the stock is currently owned by insiders.

Performance Food Group Company Profile

Performance Food Group Company, through its subsidiaries, markets and distributes food and food-related products in the United States. It operates in three operating segments: Performance Foodservice, PFG Customized, and Vistar. The company offers a range of frozen foods, including meats, fully prepared appetizers and entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats; dairy products; beverage products; imported specialties; fresh produce; and candy, snack, and other products, as well as beef, seafood, shortenings and oils, baked goods, salad dressings, teas and cocoas, pork, and others.

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Earnings History and Estimates for Performance Food Group (NYSE:PFGC)

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