News headlines about Performance Food Group (NYSE:PFGC) have been trending positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Performance Food Group earned a coverage optimism score of 0.31 on Accern’s scale. Accern also gave headlines about the restaurant operator an impact score of 48.2029935484257 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
PFGC has been the topic of a number of analyst reports. BidaskClub cut shares of Performance Food Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Zacks Investment Research raised shares of Performance Food Group from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research note on Tuesday, December 19th. TheStreet raised shares of Performance Food Group from a “c” rating to a “b-” rating in a research note on Monday, October 2nd. Loop Capital set a $35.00 price objective on shares of Performance Food Group and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, Morgan Stanley upped their price objective on shares of Performance Food Group from $28.00 to $30.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Performance Food Group has a consensus rating of “Buy” and a consensus price target of $31.25.
Shares of Performance Food Group (NYSE:PFGC) opened at $33.85 on Friday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.80 and a current ratio of 1.55. The firm has a market cap of $3,510.61, a PE ratio of 32.86, a price-to-earnings-growth ratio of 1.14 and a beta of -0.22. Performance Food Group has a 52 week low of $21.70 and a 52 week high of $34.15.
Performance Food Group (NYSE:PFGC) last issued its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. The firm had revenue of $4.37 billion for the quarter, compared to analysts’ expectations of $4.37 billion. Performance Food Group had a net margin of 0.62% and a return on equity of 15.02%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.20 earnings per share. sell-side analysts predict that Performance Food Group will post 1.63 EPS for the current fiscal year.
In other news, insider Craig Howard Hoskins sold 4,450 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now directly owns 175,993 shares in the company, valued at $4,894,365.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William F. Dawson, Jr. sold 6,272,914 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $29.68, for a total transaction of $186,180,087.52. The disclosure for this sale can be found here. Insiders have sold 11,277,364 shares of company stock worth $326,453,842 over the last quarter. 3.70% of the stock is owned by company insiders.
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About Performance Food Group
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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