Performance Food Group (NYSE:PFGC) updated its FY 2019 earnings guidance on Wednesday. The company provided EPS guidance of $1.69-1.79 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.74. Performance Food Group also updated its FY19 guidance to $1.72 to $1.82 EPS.
Several brokerages recently issued reports on PFGC. Guggenheim reaffirmed a buy rating and set a $43.00 target price on shares of Performance Food Group in a research report on Friday, July 20th. Zacks Investment Research raised Performance Food Group from a hold rating to a buy rating and set a $43.00 target price for the company in a research report on Friday, July 20th. Loop Capital raised their target price on Performance Food Group to $47.00 and gave the stock a buy rating in a research report on Thursday, July 19th. Wells Fargo & Co raised their target price on Performance Food Group from $40.00 to $46.00 and gave the stock a $38.15 rating in a research report on Wednesday, July 18th. Finally, Royal Bank of Canada raised their target price on Performance Food Group from $32.00 to $33.00 and gave the stock a sector perform rating in a research report on Friday, August 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. Performance Food Group has a consensus rating of Hold and an average price target of $38.45.
NYSE:PFGC traded up $1.64 during trading hours on Wednesday, hitting $31.49. 135,581 shares of the company were exchanged, compared to its average volume of 737,862. The firm has a market cap of $3.09 billion, a P/E ratio of 20.44, a P/E/G ratio of 0.97 and a beta of 0.54. The company has a quick ratio of 0.78, a current ratio of 1.50 and a debt-to-equity ratio of 1.04. Performance Food Group has a one year low of $26.35 and a one year high of $39.45.
Performance Food Group (NYSE:PFGC) last announced its earnings results on Wednesday, August 15th. The restaurant operator reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.07). The company had revenue of $4.59 billion for the quarter, compared to the consensus estimate of $4.66 billion. Performance Food Group had a return on equity of 15.58% and a net margin of 1.13%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.48 earnings per share. As a group, equities research analysts expect that Performance Food Group will post 1.73 EPS for the current year.
In other Performance Food Group news, insider Patrick T. Hagerty sold 8,083 shares of the stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $33.20, for a total transaction of $268,355.60. Following the completion of the sale, the insider now directly owns 182,450 shares in the company, valued at approximately $6,057,340. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Carol A. O’connell sold 6,939 shares of the stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $36.77, for a total value of $255,147.03. Following the sale, the insider now owns 50,474 shares of the company’s stock, valued at $1,855,928.98. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 75,233 shares of company stock valued at $2,518,217. Company insiders own 3.80% 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 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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