Royal Bank Of Canada set a $27.00 target price on Performance Food Group Company (NYSE:PFGC) in a research report report published on Tuesday morning. The firm currently has a hold rating on the restaurant operator’s stock.
Several other analysts have also weighed in on PFGC. Wells Fargo & Company restated a buy rating on shares of Performance Food Group in a report on Tuesday, August 8th. BidaskClub downgraded Performance Food Group from a buy rating to a hold rating in a research report on Friday, August 11th. BMO Capital Markets set a $30.00 price objective on Performance Food Group and gave the company a buy rating in a research report on Friday, August 4th. Zacks Investment Research raised Performance Food Group from a hold rating to a buy rating and set a $31.00 price objective on the stock in a research report on Wednesday, June 14th. Finally, Jefferies Group LLC reaffirmed a hold rating on shares of Performance Food Group in a research report on Tuesday, May 16th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $28.31.
Performance Food Group (NYSE PFGC) opened at 26.95 on Tuesday. The stock has a 50 day moving average of $27.71 and a 200 day moving average of $25.76. The company has a market cap of $2.71 billion, a PE ratio of 28.98 and a beta of -0.31. Performance Food Group has a one year low of $19.95 and a one year high of $29.25.
Performance Food Group (NYSE:PFGC) last released its quarterly earnings results on Wednesday, August 16th. The restaurant operator reported $0.48 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Performance Food Group had a net margin of 0.57% and a return on equity of 15.05%. The company had revenue of $4.43 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same quarter in the previous year, the company posted $0.38 EPS. The business’s quarterly revenue was up 1.3% on a year-over-year basis. On average, analysts anticipate that Performance Food Group will post $1.43 earnings per share for the current fiscal year.
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In related news, insider George L. Holm sold 102,200 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $28.23, for a total transaction of $2,885,106.00. Following the sale, the insider now owns 2,040,936 shares of the company’s stock, valued at $57,615,623.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider James D. Hope acquired 2,000 shares of the company’s stock in a transaction that occurred on Monday, May 22nd. The shares were bought at an average cost of $27.85 per share, for a total transaction of $55,700.00. Following the transaction, the insider now owns 66,657 shares of the company’s stock, valued at $1,856,397.45. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of PFGC. Public Employees Retirement System of Ohio increased its stake in shares of Performance Food Group by 37.2% in the first quarter. Public Employees Retirement System of Ohio now owns 4,603 shares of the restaurant operator’s stock worth $110,000 after buying an additional 1,247 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Performance Food Group during the second quarter worth approximately $118,000. Pacad Investment Ltd. boosted its stake in Performance Food Group by 880.0% in the second quarter. Pacad Investment Ltd. now owns 4,900 shares of the restaurant operator’s stock worth $134,000 after buying an additional 4,400 shares during the period. Tower Research Capital LLC TRC acquired a new stake in Performance Food Group during the second quarter worth approximately $141,000. Finally, Great West Life Assurance Co. Can boosted its stake in Performance Food Group by 187.0% in the first quarter. Great West Life Assurance Co. Can now owns 6,600 shares of the restaurant operator’s stock worth $156,000 after buying an additional 4,300 shares during the period. 83.33% of the stock is currently owned by institutional investors.
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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