Performance Food Group Co (NYSE:PFGC) has received an average rating of “Buy” from the ten ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $47.13.
A number of research analysts recently issued reports on the company. Buckingham Research boosted their price objective on Performance Food Group from $47.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, August 15th. Guggenheim reiterated a “buy” rating and set a $50.00 price objective (up from $46.00) on shares of Performance Food Group in a research note on Thursday, August 15th. Zacks Investment Research raised Performance Food Group from a “sell” rating to a “hold” rating in a report on Wednesday, August 14th. Loop Capital boosted their price target on Performance Food Group to $50.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Finally, BMO Capital Markets boosted their price target on Performance Food Group to $52.00 and gave the stock an “outperform” rating in a report on Thursday, August 15th.
In related news, insider Patrick T. Hagerty sold 7,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $43.83, for a total transaction of $306,810.00. Following the sale, the insider now owns 141,006 shares in the company, valued at approximately $6,180,292.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Christine R. Vlahcevic sold 7,879 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $45.27, for a total value of $356,682.33. Following the sale, the insider now owns 19,807 shares in the company, valued at approximately $896,662.89. The disclosure for this sale can be found here. Insiders have sold a total of 28,879 shares of company stock worth $1,271,022 over the last ninety days. Insiders own 3.80% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in shares of Performance Food Group by 7.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,051,932 shares of the food distribution company’s stock worth $66,214,000 after buying an additional 139,473 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Performance Food Group by 8.4% during the 4th quarter. Geode Capital Management LLC now owns 1,103,118 shares of the food distribution company’s stock worth $35,597,000 after buying an additional 85,430 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new position in shares of Performance Food Group during the 1st quarter worth $211,000. Comerica Bank grew its position in shares of Performance Food Group by 301.5% during the 1st quarter. Comerica Bank now owns 25,926 shares of the food distribution company’s stock worth $1,028,000 after buying an additional 19,468 shares in the last quarter. Finally, Sawgrass Asset Management LLC bought a new position in shares of Performance Food Group during the 1st quarter worth $392,000. 96.90% of the stock is currently owned by institutional investors.
Shares of NYSE:PFGC opened at $46.23 on Friday. The stock has a 50 day moving average of $44.92 and a 200 day moving average of $41.21. The company has a market cap of $4.78 billion, a PE ratio of 24.99, a price-to-earnings-growth ratio of 1.97 and a beta of 0.63. The company has a current ratio of 1.57, a quick ratio of 0.77 and a debt-to-equity ratio of 1.03. Performance Food Group has a 12-month low of $28.05 and a 12-month high of $47.26.
Performance Food Group (NYSE:PFGC) last announced its quarterly earnings data on Wednesday, August 14th. The food distribution company reported $0.70 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.63 by $0.07. The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.56 billion. Performance Food Group had a return on equity of 15.86% and a net margin of 0.84%. The firm’s revenue was up 28.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 EPS. Equities research analysts predict that Performance Food Group will post 1.98 earnings per share for the current fiscal year.
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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