Performance Food Group Company (NYSE:PFGC) had its price target hoisted by Morgan Stanley from $28.00 to $30.00 in a report published on Thursday, November 9th. The firm currently has an equal weight rating on the restaurant operator’s stock.
Other research analysts have also recently issued research reports about the stock. TheStreet upgraded shares of Performance Food Group from a c rating to a b- rating in a report on Monday, October 2nd. BidaskClub upgraded shares of Performance Food Group from a hold rating to a buy rating in a report on Monday, September 18th. Wells Fargo & Company restated a buy rating on shares of Performance Food Group in a report on Tuesday, August 8th. BMO Capital Markets set a $30.00 price target on shares of Performance Food Group and gave the company a buy rating in a research note on Friday, August 4th. Finally, Guggenheim reiterated a buy rating and issued a $33.00 price target (up previously from $31.00) on shares of Performance Food Group in a research note on Wednesday, September 6th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $30.88.
Performance Food Group (NYSE:PFGC) traded up $0.40 during trading on Thursday, hitting $28.80. 823,854 shares of the stock traded hands, compared to its average volume of 633,121. The firm has a market capitalization of $3,013.58, a PE ratio of 21.99, a PEG ratio of 1.10 and a beta of -0.28. Performance Food Group has a 12 month low of $19.95 and a 12 month high of $29.90. 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 (NYSE:PFGC) last released its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.02. Performance Food Group had a net margin of 0.62% and a return on equity of 15.02%. The company had revenue of $4.37 billion during the quarter, compared to analysts’ expectations of $4.37 billion. During the same quarter in the prior year, the company earned $0.20 earnings per share. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. equities research analysts forecast that Performance Food Group will post 1.45 EPS for the current fiscal year.
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In related news, insider Craig Howard Hoskins sold 4,450 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $27.81, for a total transaction of $123,754.50. Following the transaction, the insider now directly owns 175,993 shares of the company’s stock, valued at $4,894,365.33. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider James D. Hope purchased 3,575 shares of the stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average cost of $26.99 per share, for a total transaction of $96,489.25. Following the completion of the transaction, the insider now owns 65,480 shares of the company’s stock, valued at approximately $1,767,305.20. The disclosure for this purchase can be found here. 3.70% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Bayesian Capital Management LP increased its position in Performance Food Group by 2.9% during the second quarter. Bayesian Capital Management LP now owns 8,900 shares of the restaurant operator’s stock worth $244,000 after acquiring an additional 255 shares during the period. Macquarie Group Ltd. grew its stake in Performance Food Group by 0.8% during the second quarter. Macquarie Group Ltd. now owns 89,813 shares of the restaurant operator’s stock worth $2,461,000 after buying an additional 683 shares in the last quarter. California Public Employees Retirement System grew its stake in Performance Food Group by 2.1% during the second quarter. California Public Employees Retirement System now owns 39,600 shares of the restaurant operator’s stock worth $1,085,000 after buying an additional 800 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Performance Food Group by 25.6% during the second quarter. Public Employees Retirement System of Ohio now owns 5,780 shares of the restaurant operator’s stock worth $158,000 after buying an additional 1,177 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. grew its stake in Performance Food Group by 8.2% during the second quarter. NN Investment Partners Holdings N.V. now owns 24,580 shares of the restaurant operator’s stock worth $673,000 after buying an additional 1,865 shares in the last quarter. 82.16% of the stock is currently owned by institutional investors and hedge funds.
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.
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